16 °C Rain Rabat

News
Tuesday 12 January 2021

Moroccan Companies Present in More than 45 African Countries (CGEM)

Moroccan Companies Present in More than 45 African Countries (CGEM)

Moroccan companies are present in more than 45 African countries, said president of the Africa Commission at the General Confederation of Enterprises in Morocco (CGEM), Abdou Diop, adding that this successful presence is the result of a pragmatic, cautious and progressive approach.

"Moroccan companies are present in more than 45 African countries. Over the past twenty years, they have built very promising economic relations with the various countries of the continent. These relations have been consolidated over the years by adopting a pragmatic, cautious and progressive approach", Diop pointed out in an interview with MAP.

These relations started with exports/imports in a trade approach and with the countries closest at the geographical and cultural levels, namely the Maghreb, West Africa and Center Africa, he explained.

In the same wake, investments were launched in the sectors of air services, telecommunications and digital, financial services, noted Diop, stressing that the real estate sector and that of the construction industry have grown in importance, and were followed by the agricultural and agro-food sectors, thus allowing Morocco to become the second investor in West and Central Africa.

Diop recalled in this regard that from 2016, Morocco opened up to new regions of the continent on the occasion of royal tours and in particular in East Africa and Southern Africa, noting that this recent opening towards these new regions which abound with enormous potentialities, gives Moroccan companies very good development prospects.

MAP 12 January 2021