Morocco’s Banque marocaine du commerce extérieur (BMCE) and Cameroon’s Afriland First Bank have signed a projects co-financing and international trade partnership, according to EFG Hermes ‘Morning Round-Up’ report.

Such mutual partnership will enable BMCE Bank to expand its operations in countries that are outside the Bank’s current geographical footprint such as Cameroon, Liberia, São Tomé and Zambia.

Noteworthy, Afriland First Bank operates mainly in the Sub-Saharan markets, and both banks have subsidiaries in Ivory Coast and Democratic Republic of Congo.

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