Morocco poised to become a finance and investment hub in Africa

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Morocco is becoming the center of Africa’s finance and investment sectors according to the chairman of the United States trade chamber.

Morocco is becoming the center of Africa’s finance and investment sectors according to the chairman of the United States trade chamber.

Morocco is becoming the center of Africa’s finance and investment sectors according to the chairman of the United States trade chamber.

Due to consistent efforts to boost areas such as sustainable energy, education, and technology, several companies are now putting in huge investments in the country or partnering with it. Casablanca, the economic capital of Morocco, has infrastructures like Midparc and Casablanca Finance City designed to draw multinational companies and the numbers are increasing.

A high ranking official of Citibank Maghreb commented that Morocco has a concrete plan to advance and protects its investments and such plan favors global openness and present institutional reform.

Aside from finance, rising international businesses are continuing to grow in other sectors like aeronautics and sustainable energy. Just recently, French company LH Aviation announced the opening of their first production unit in the country and Royal Air Morocco also made a strategic partnership with Casablanca Finance City. Just this month Nepal and Morocco partnered up to produce renewable energy and the country’s first industrial solar cluster was launched as well.

Global Financial Centres Index (GFCI), an index that ranks global financial hubs, positioned Casablanca 2nd in the continent of Africa and 62nd worldwide. This can only enhance the country’s reputation and attractiveness to multinational investors.

Mohamed Dekkak