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China Creates $5 Billion Export Fund with Bank in Morocco

China’s Exim Bank announced plans to team up with Morocco’s Attijariwafa Bank to create a $5 billion fund to promote African exports to China and to establish new industrial zones on the continent, according to a report published by Reuters.

  • The fund will invest in the 25 countries, including 14 in Africa, where Attijariwafa Bank operates.
  • The deal was signed on the sidelines of China’s International Import Exposition that’s currently underway in Shanghai.

Read the full report on the Reuters website.

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