Rabat-Dakar axis of ancestral links of excellence and a model of masterful South-South cooperation
Agriculture, tourism, construction, civil engineering work, new information technologies are real opportunities for growth. The quality of political relations explains the intense investment flows initiated first by the Moroccan public sector, followed by the now private to Senegal. The Moroccan know-how is present in Senegal in the fields of construction, the pharmaceutical industry, electrification. Since 2005, the relay is powerfully made by banks.
Source : https://www.marocafrik.com/english/Rabat-Dakar-axi...
In this spirit of South-South cooperation, Attijariwafa Bank, whose CEO, Mohamed El Kettani, was recently decorated by the President Macky Sall, is an example of a success story.
The group "" CBAO-Attijariwafa bank "," created in 2008 following a merger between the Senegalese bank "" Banking Company of West Africa "" CBAO and Moroccan subsidiary "" bank Attijari Senegal "," is now the first banking group in Senegal has also managed to establish itself as a leader in the region of West Africa.
Group CBAO-Attijariwafa wants and the vector of Moroccan-Senegalese cooperation in terms of trade and investment.
On the contribution of CBAO-Attijari the fundraising effort of the Senegalese economy, a subject of primary interest to the country's authorities, the Senegalese subsidiary of the Group is the only commercial bank in the place that helped to finance large projects such as the construction of the Turnpike Senegal, the project for a power plant, and the future of the coal plant (Central Sendou a production capacity of 125 MW), according to the group's CEO. According to the report, 2011, credit to the economy Senegalese group amounted to 527 billion CFA francs for a total resource of 493 billion CFA francs (about € 1 654 FCFA).
The National electricity and drinking water (ONEE) is also present in Senegal. The Office won two rural electrification concessions in St. Louis and Louga (north). "" The Company Moroccan-Senegalese electricity (Comasel), a subsidiary of ONE, created in October 2008, is responsible for the running of the concession ONE rural electrification region St. Louis (550 villages) for a total investment estimated at 24 million dollars. The second concession Louga includes connecting 11,000 households.
The register of private investments include West Africa Pharma, a subsidiary of Moroccan laboratory Sothema which opened a manufacturing plant drugs in Dakar for an investment of 6.5 million euros.
However, trade with the United Senegal in particular and the region of West Africa in general, remain hampered by the absence of a trade agreement with the European Economic and Monetary Africa (WAEMU eight countries, including Senegal and Côte d'Ivoire).
Activation of the signing of the Trade Preferential and Investment signed in November 2008 with UEMOA, is a prerequisite for the promotion of South-South cooperation as desired. It is an agreement that is part of a win-win framework, consistent with the approach of the Kingdom to strengthen regional integration and ensure asymmetry in favor of African countries belonging to the group UEMOA.
In order to provide such cooperation dimension of solidarity, the Kingdom has initiated several projects targeting priority development areas for Senegal.
In the context of South-South cooperation, Morocco has made available its technical cloud seeding (artificial rain) in favor of several African countries, including Senegal, where the program was called "" Bawaan "".
Through "Operation Bawaan", Morocco and brings its contribution to the Senegalese "" Great Agricultural Offensive for Food and Abundance "" (Goana) whose objective is to ensure food security in Senegal and reduce its dependence on food. One of the first priorities of the country of Teranga (hospitality in Wolof).
Training is another area of importance in the cooperation between the two countries. With over 8,000 students, Morocco is the second destination after France Senegalese. For its part, Senegal has hundreds of Moroccan students (over 600) that, in particular, include the Faculty of Medicine.
The group "" CBAO-Attijariwafa bank "," created in 2008 following a merger between the Senegalese bank "" Banking Company of West Africa "" CBAO and Moroccan subsidiary "" bank Attijari Senegal "," is now the first banking group in Senegal has also managed to establish itself as a leader in the region of West Africa.
Group CBAO-Attijariwafa wants and the vector of Moroccan-Senegalese cooperation in terms of trade and investment.
On the contribution of CBAO-Attijari the fundraising effort of the Senegalese economy, a subject of primary interest to the country's authorities, the Senegalese subsidiary of the Group is the only commercial bank in the place that helped to finance large projects such as the construction of the Turnpike Senegal, the project for a power plant, and the future of the coal plant (Central Sendou a production capacity of 125 MW), according to the group's CEO. According to the report, 2011, credit to the economy Senegalese group amounted to 527 billion CFA francs for a total resource of 493 billion CFA francs (about € 1 654 FCFA).
The National electricity and drinking water (ONEE) is also present in Senegal. The Office won two rural electrification concessions in St. Louis and Louga (north). "" The Company Moroccan-Senegalese electricity (Comasel), a subsidiary of ONE, created in October 2008, is responsible for the running of the concession ONE rural electrification region St. Louis (550 villages) for a total investment estimated at 24 million dollars. The second concession Louga includes connecting 11,000 households.
The register of private investments include West Africa Pharma, a subsidiary of Moroccan laboratory Sothema which opened a manufacturing plant drugs in Dakar for an investment of 6.5 million euros.
However, trade with the United Senegal in particular and the region of West Africa in general, remain hampered by the absence of a trade agreement with the European Economic and Monetary Africa (WAEMU eight countries, including Senegal and Côte d'Ivoire).
Activation of the signing of the Trade Preferential and Investment signed in November 2008 with UEMOA, is a prerequisite for the promotion of South-South cooperation as desired. It is an agreement that is part of a win-win framework, consistent with the approach of the Kingdom to strengthen regional integration and ensure asymmetry in favor of African countries belonging to the group UEMOA.
In order to provide such cooperation dimension of solidarity, the Kingdom has initiated several projects targeting priority development areas for Senegal.
In the context of South-South cooperation, Morocco has made available its technical cloud seeding (artificial rain) in favor of several African countries, including Senegal, where the program was called "" Bawaan "".
Through "Operation Bawaan", Morocco and brings its contribution to the Senegalese "" Great Agricultural Offensive for Food and Abundance "" (Goana) whose objective is to ensure food security in Senegal and reduce its dependence on food. One of the first priorities of the country of Teranga (hospitality in Wolof).
Training is another area of importance in the cooperation between the two countries. With over 8,000 students, Morocco is the second destination after France Senegalese. For its part, Senegal has hundreds of Moroccan students (over 600) that, in particular, include the Faculty of Medicine.
Source : https://www.marocafrik.com/english/Rabat-Dakar-axi...