Moroccan banks’ expansion in Africa has been recently one of the most important drivers of the Kingdom's economy. However, the African market remains a risky option.
The Global Finance Centre Index report ranks Casablanca, host of the Casablanca Finance City, first among African cities and 30th worldwide. The index, released on the 27 of March by Z/Yen, investigates the competitiveness of major financial centres around the world and publishes a bi-yearly list of the best Financial hubs in the planet.
Rabat is hosting a month-long festival to celebrate the return of the kingdom to the African Union.
“Compact with Africa” is a project designed by the G20 to promote the economy of Africa and help African countries through financial initiatives. The launch of the project took place in Baden-Baden, Germany and was attended by the Moroccan finance Minister Mohammed Boussaid.