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SACE and African Development Bank Collaborate on $6 Billion ‘Mattei Plan’ to Boost Africa’s Growth

Dec 06, 2024•over 1 year ago

Contract Type

partnership

MoroccoFinancial ServicesLendingBanking

Description

SACE and the African Development Bank Group have signed a collaboration agreement under the 'Mattei Plan' to provide credit protection and foster investment in Africa, aiming to bolster economic links, create an energy hub for Europe, and curb African emigration to Europe. The $6 billion initiative will support the financing of high impact projects in Africa and generate opportunities for business matching between African and Italian companies.

Company Information

Company

SACE and African Development Bank Group

Location

Morocco

About

SACE is an Italian insurance-financial group specializing in supporting businesses and the national economic system under the Ministry of Economy and Finance. The African Development Bank Group is a regional multilateral development bank engaged in promoting sustainable economic development and social progress in Africa.

Predictive Intelligence
Strategic

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
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Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months

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