Moroccan investors are interested in entering the Mozambican financial market and hope to close partnerships within days, information released by the Confederation of Mozambican Economic Associations (CTA). The potential partners from Morocco see the U.S.-Africa Business Summit, to be held this week from July 19 to 22 in Marrakech, Morocco, as a great opportunity to establish partnerships with Mozambique.
Recently, CTA met with the ambassador of the Kingdom of Morocco in Mozambique, Abdelali Rahali, for a better coordination of the participation of the Mozambican business delegation in the US – Africa Business Summit.
“Morocco has the second largest bank in Africa and Moroccan investors are interested in entering the Mozambican financial market. The Marrakech summit can be an opportunity for partnerships in this sector,” says CTA, which has expressed interest in signing a memorandum with its Moroccan counterpart.
The Agriculture and Tourism sectors present greater potential for partnership. The U.S.-Africa Business Summit aims to explore and renew the commitment of the public and private sectors to consolidate trade and investment between the United States and countries on the African continent, in the face of unprecedented adversity in the health and economic spheres, and will focus on priority sectors for Africa, which include Health, Energy, Infrastructure, Agriculture, and Information and Communication Technology (ICT).
At the meeting in Maputo, the Moroccan ambassador invited the Mozambican business delegation to visit the city of Casablanca, considered to be Morocco’s financial center.
In general, the relations between Africa and the United States have been experiencing a significant growth in recent decades, in the framework of economic and social development programs for the African continent, which are summarized in Agenda 2063. The North American market, due to its particularities, has proven to be ideal and open for the placement of African products.