The Central African Development Bank (BDEAC) and the Kingdom of Morocco have completed the signing of a BDEAC share capital agreement between Zounguere-Sokambi Armand Guy, Minister of Economy and Finance and Mohammed Boussaid, Vice-President of the BDEAC.
The BDEAC notes that by signing this agreement, Morocco becomes a shareholder of the bank, while taking part in its board of directors.
This is an example of the tireless efforts of the BDEAC leadership, led by Equatorial Guinea’s Fortunato Ofa Mbo Nchama, to implement the agreements of the General Board of the entity, designed to open the capital of non-regional shareholders.
It also reflects its determination to mobilize resources to fully fulfill the Bank’s mission and meet the public and private sector financing needs of the Central African Economic and Monetary Community (CEMAC), which groups Equatorial Guinea, Cameroon, Congo, Gabon, Central African Republic and Chad, and contribute to the well-being of the population.
This agreement strengthens cooperation in the development of funding between the Kingdom of Morocco and BDEAC to promote South-South cooperation.
Source: Official Web Page of the Government of the Republic of Equatorial Guinea