Ecobank Group has signed a Memorandum of Understanding (MoU) with Bank of China (Mauritius) Limited to deepen cooperation in trade, payments and financial services that support economic activity between China and Africa.
 
The MoU builds on a partnership established in 2010 and follows renewed engagement earlier this year, including a recent visit by Ecobank Group’s leadership to Bank of China’s headquarters. 
 
According to Ecobank Group, both institutions agreed to reinforce their long-standing relationship and to work towards practical outcomes that benefit clients across their networks.
Under the memorandum, Ecobank Group and Bank of China (Mauritius) will explore greater collaboration aligned with the objectives of the China-Africa Cooperation Forum to strengthen trade finance and cross-border settlement. 
 
With the synergy, the institutions will leverage their respective capabilities to support their clients with Renminbi (RMB) solutions by providing African corporates, Chinese enterprises and cross-border traders with more efficient settlement and financing options.
 
They will share knowledge and technical expertise related to banking operations and financial sector developments to support sustainable economic and trade growth. 

Both parties will also explore opportunities to jointly structure syndicated loans and other financing solutions for projects involving Chinese stakeholders in African markets.
 
Chief Executive Officer of Ecobank Group, Jeremy Awori, said the agreement underscored the growing importance of China–Africa trade and the need for dependable financial infrastructure to support expanding commercial flows between both regions.

He noted that economic ties between China and Africa have continued to deepen, with customers on both sides increasingly relying on efficient and transparent financial solutions. 

According to him, the renewed partnership with the Bank of China is expected to translate into tangible outcomes across trade finance, payments and renminbi services, while also enabling the collaboration to be integrated across Ecobank’s network to better serve clients and reinforce the broader China–Africa economic corridor. 
 
Awori stated that the signing supported Ecobank Group’s broader strategy, alongside other recent partnerships, to reinforce the Asia-Africa payments and trade corridors.

He also noted that the ultimate objective was to expand partnerships that advance financial integration and economic development across the continent.