SACE and BADEA signed MoU to support initiatives in Africa under the Mattei Plan

SACE, the Italian insurance and financial group fully owned by the Italian Ministry of Economy and Finance, and Arab Bank for Economic Development in Africa (BADEA), signed today a strategic agreement to cooperate in the context of the Mattei Plan for Africa, Italy's development cooperation and investment programme to strengthen ties with the African continent, in particular in target countries such as Angola, Ghana, Tanzania and Senegal, Ivory Coast, Republic of Congo, Mozambique, Kenya, Ethiopia.

The agreement has been signed by H.E Dr. Sidi Ould TAH – President of BADEA and H.E Ms. Alessandra Ricci – CEO of SACE and include the identification of potential opportunities for cooperation in Africa and the development of joint initiatives aimed at promoting collaboration between companies from BADEA member countries and Italy.

SACE and BADEA will also cooperate in the exchange of information and knowledge from each party’s experience, resources and expertise to strengthen the capabilities of both parties in implementing projects across Africa.