L'Express: 'The economics of the African Mohammed VI are impressive'
Paris: French weekly L'Express has returned signed by Géraldine Boechat analysis on African tour qu'effectue King Mohammed VI last Friday, Senegal, Côte d'Ivoire and Gabon.
Source : https://www.marocafrik.com/english/L-Express-The-e...
"The recent tour initiated by King Mohammed VI - even though the king travels rarely - to Senegal, Côte d'Ivoire, Gabon shows a little more of this strategic positioning of Morocco in a continent that the Sharifian kingdom has invested aggressively in recent years. "
This is the first remark the French weekly L'Express chose for introducing its analysis on the African tour i of King Mohammed VI.
Signed Geraldine Boechat this through the prism by the eco-strategic French newspaper that , considered the Royal African journey.
Indeed, the French weekly reports, the monarch joined the action to the word, having been champion since his inauguration 14 years ago,of South-South cooperation, the King is still drawn to the spot by making V RP in Africa, the country's economy.
Beyond questions of the moment, political and the security crisis imposed on the Sahel-Saharan, the King, remarked the French media, focusing on economic partnership with SSA.
The Algerian embargo
"The country's geo-economic configuration lent itself to such a device. With the growth is prohibited by closure of the borders permanently with Algeria, the country could not achieve economic projection on its eastern flank. It was forced to fight diplomatically on the Sahara issue with the same Algeria, Morocco had no other choice but to launch an assault on Africa, especially as Europe, its traditional partner, saw growth declining substantially "the newspaper said.
The French analyst adds: "The advent in 1999 of King Mohammed VI opened the way for new ambitions of Morocco in Africa when it decides in the name of" South-South "to cancel the debt of the Least Developed Countries (LDCs) in sub-Saharan Africa and their products exempt from customs duty at the entrance to the Moroccan market. The assistance provided by Morocco to the south of the Sahara and number between 180 and 268 million per year, mainly for the benefit of African countries in West and Central Africa. In this respect, Morocco is among the first investors in Africa ranked by the United Nations Conference on Trade and Development (UNCTAD). "
Morocco: Hub of African investments
It attracts attention that Morocco hopes to position itself as a hub of African investments and communication channel between the mainland and the world through its various FTAs with its financial promise any shine, and financial services throughout the 'West Africa, will be provided via Casablanca Finance City.
"This should help bring the high-level Moroccan strategy on the African continent, which aims to make the country an economic superpower continental able to cross swords with another opponent: South Africa. Plagued by its own demons, it is indeed undergoing a downturn that Moroccans want to exploit to their advantage by consolidating their positions on the continent. That is the whole purpose of this tour Mohammed VI should, beyond official inaugurations and other signatures of bilateral agreements, help advance the 'business Sharifian' in Africa, "says Boechat.
He concludes that "For a country with no natural resources and oil - unlike rival, Algeria - the economic balance of" Mohammed VI African "is impressive. 3 Moroccan banks: Attijariwafa bank, Banque Centrale Populaire BMCE and thus redeemed from the south banks that give them a presence in nearly 30 countries. Maroc Telecom, meanwhile, has 5 GSM licenses GSM on the continent. Groups Managem and Ynna Holding, meanwhile CGT involved in various sectors: mining, tourism, and housing. The National Water and Electricity of Morocco (Onee) and airline Royal Air Maroc (RAM) are also present in force on the African continent. RAM has more than 30 airline rotes and open representative offices in 11 countries on the continent. "
This is the first remark the French weekly L'Express chose for introducing its analysis on the African tour i of King Mohammed VI.
Signed Geraldine Boechat this through the prism by the eco-strategic French newspaper that , considered the Royal African journey.
Indeed, the French weekly reports, the monarch joined the action to the word, having been champion since his inauguration 14 years ago,of South-South cooperation, the King is still drawn to the spot by making V RP in Africa, the country's economy.
Beyond questions of the moment, political and the security crisis imposed on the Sahel-Saharan, the King, remarked the French media, focusing on economic partnership with SSA.
The Algerian embargo
"The country's geo-economic configuration lent itself to such a device. With the growth is prohibited by closure of the borders permanently with Algeria, the country could not achieve economic projection on its eastern flank. It was forced to fight diplomatically on the Sahara issue with the same Algeria, Morocco had no other choice but to launch an assault on Africa, especially as Europe, its traditional partner, saw growth declining substantially "the newspaper said.
The French analyst adds: "The advent in 1999 of King Mohammed VI opened the way for new ambitions of Morocco in Africa when it decides in the name of" South-South "to cancel the debt of the Least Developed Countries (LDCs) in sub-Saharan Africa and their products exempt from customs duty at the entrance to the Moroccan market. The assistance provided by Morocco to the south of the Sahara and number between 180 and 268 million per year, mainly for the benefit of African countries in West and Central Africa. In this respect, Morocco is among the first investors in Africa ranked by the United Nations Conference on Trade and Development (UNCTAD). "
Morocco: Hub of African investments
It attracts attention that Morocco hopes to position itself as a hub of African investments and communication channel between the mainland and the world through its various FTAs with its financial promise any shine, and financial services throughout the 'West Africa, will be provided via Casablanca Finance City.
"This should help bring the high-level Moroccan strategy on the African continent, which aims to make the country an economic superpower continental able to cross swords with another opponent: South Africa. Plagued by its own demons, it is indeed undergoing a downturn that Moroccans want to exploit to their advantage by consolidating their positions on the continent. That is the whole purpose of this tour Mohammed VI should, beyond official inaugurations and other signatures of bilateral agreements, help advance the 'business Sharifian' in Africa, "says Boechat.
He concludes that "For a country with no natural resources and oil - unlike rival, Algeria - the economic balance of" Mohammed VI African "is impressive. 3 Moroccan banks: Attijariwafa bank, Banque Centrale Populaire BMCE and thus redeemed from the south banks that give them a presence in nearly 30 countries. Maroc Telecom, meanwhile, has 5 GSM licenses GSM on the continent. Groups Managem and Ynna Holding, meanwhile CGT involved in various sectors: mining, tourism, and housing. The National Water and Electricity of Morocco (Onee) and airline Royal Air Maroc (RAM) are also present in force on the African continent. RAM has more than 30 airline rotes and open representative offices in 11 countries on the continent. "
Source : https://www.marocafrik.com/english/L-Express-The-e...