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Sunday, May 26, 2024

Morocco’s Credit Agricole Renews Cooperation Agreement with Nigeria

Credit Agricole du Maroc (CAM) has renewed a cooperation agreement it signed with the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) in 2016 to promote innovative financing solutions in the field of agriculture.

Credit Agricole announced that it received a delegation from NIRSAL on Monday May 23, to renew the cooperation agreement between the two and strengthen the collaboration with a new agreement.

Credit Agricole and NIRSAL have put in place a roadmap to deploy their partnership along areas of shared interest since the signing of the initial agreement in 2016.

The new memorandum of understanding signed today consolidates the achievements the two partners made in the past six years, including investments to stimulate the development of a sustainable agriculture in Nigeria.

The new agreement also places emphasis on stimulating innovation in agricultural financing, and promoting financial inclusion in the country.

Credit Agricole du Maroc said that the new aspects of the partnership between CAM and NIRSAL constitutes a firm commitment to its strategic role in financial inclusion for African agriculture.

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