☰

How has Morocco become an important investor in Africa?

How has Morocco become an important investor in Africa?

Source ATALAYAR

In the context of the geopolitical restructuring of the world, Morocco is taking firm steps towards becoming a major regional power in a young continent that is gradually becoming a world pole of recognised economic growth. 

For centuries, the Alawite kingdom has been a major enclave of trans-Saharan trade, thanks to the caravan trade routes from black Africa to the western edge of the Sahara. 

After Mohammed VI's accession to the throne, Morocco experienced progressive economic growth from 2000 onwards, becoming an emerging country with a stable economic and financial system open to multiple development possibilities. It began to adopt measures to attract foreign investment, build major infrastructure, and take advantage of its strategic position for trade between West Africa, Europe and the Middle East. 

To achieve these goals, the North African country intensified its foreign policy by turning its compass towards sub-Saharan Africa; and at the same time consolidating its relations with the West.

As a giant step towards exploring Africa as a destination for investment and cooperation, Morocco marked its re-entry into the EU in 2017 after 30 years of absence. Later, particularly on 30 May 2019, the African Free Trade Agreement came into force, which aims to make Africa one of the largest economic markets and free movement of people in the world, including 55 states.  

›› Read more

 

›› Check the previous ADELANTE Newsletters

›› Subscribe to the ADELANTE Newsletter (biannual)

I agree to the processing of my personal data in accordance with the Privacy Policy

*Mandatory fields