10 •
The Lion King
• October - December 2016
Milestones
Attijariwafa Bank and UBA Plc sign banking
Memorandum of Understanding (MoU)
His Majesty, King Mohammed VI to
President Muhammadu Buhari at the
Presidential Villa Abuja, Nigeria.
In accordance with the MOU, both
banks will organize Business to Business
missions to identify and develop busi-
ness and investment opportunities, not
only between Nigeria and Morocco, but
across their respective African networks.
Tony Elumelu said “this collaborative
effort is a historic milestone. As two
groups with considerable footprints in
Africa, we see huge potential in bring-
ing our collective expertise in banking
to provide Africa-led solutions to the
needs of Africans.”
According to Mohamed El Kettani,
“Nigeria is the largest African econ-
omy and a leading commercial and
financial hub in West Africa. It goes
without saying that our group should
collaborate with outstanding players,
such as UBA Plc, to provide custom-
ized assistance to African and interna-
tional companies to grow trade and
investment flows, between not only
Morocco and Nigeria, but also in all
countries where our two groups are
established. The MOU we just signed
is a first but major milestone in a
long-term partnership. It also heralds
promising perspectives for African and
international investors worldwide.”
Chairman/CEO, Attijariwafa Bank, Mr. Mohamed El Kettani (left) and UBA Chairman, Mr. Tony Elumelu, signing an investment and cooperation agreement
between both institutions, before Nigeria President, Muhammadu Buhari and His Majesty, King Mohammed VI of Morocco at Presidential Villa, Abuja
P
an-African banking groups,
Attijariwafa Bank and the United
Bank for Africa (UBA) Plc, on
Saturday, December 3, 2016 before
Nigeria President, Muhammadu Buhari
and His Majesty King Mohammed VI
of Morocco signed a Memorandum
of Understanding to strengthen their
collaborative efforts in correspondent
banking, investment funding, trade
finance and project finance on the
African continent.
UBA Chairman, Mr. Tony Elumelu and
Chairman and CEO of Attijariwafa
Bank Group, Mr. Mohamed El
Kettani signed the framework docu-
ment, which outlines key areas of
cooperation between Attijariwafa
and UBA during the official visit of
