« Created in 2010, this special zone in the heart of Casablanca, with its modern infrastructure and flashy buildings, attracts start-ups, multinationals, banks, insurers, and investment funds. Today, CFC brings together 225 companies with activities covering 115 countries, including 50 in Africa », writes the newspaper under the title « Casablanca, the Moroccan Wall Street, conquering Africa ».
Recalling Casablanca's positioning as the leading financial centre on the continent ahead of Kigali and Johannesburg, according to the Global Financial Centres Index, Le Figaro notes that this economic hub, which hosted 1,200 sector leaders last month for the fifth edition of the Africa Finance Summit (Afis), also aims to be a financial platform with the stated ambition of its promoters to make it « the hub of African finance ».
« By attracting companies and capital, "Casa" wants to establish itself as a business crossroads in Africa, notes the publication, pointing out that on this continent, « the next relay of global growth », 70% of households will have purchasing power exceeding 5,000 dollars in 2025, according to the International Monetary Fund (IMF).
For the newspaper, the dynamic of the Casablanca hub was driven by political will, reinforced by the speech of HM King Mohammed VI, delivered in Abidjan in 2014, in addition to the Kingdom's reintegration into the African Union in 2017.
The daily, which refers to figures from the Ministry of Economy and Finance, notes that since that period, Moroccan investments in Africa have exploded, going from 100 million dollars in 2014 to over 800 million dollars in 2021, specifying that today, 43% of Moroccan foreign direct investment (FDI) is directed towards the continent.
Recalling Casablanca's positioning as the leading financial centre on the continent ahead of Kigali and Johannesburg, according to the Global Financial Centres Index, Le Figaro notes that this economic hub, which hosted 1,200 sector leaders last month for the fifth edition of the Africa Finance Summit (Afis), also aims to be a financial platform with the stated ambition of its promoters to make it « the hub of African finance ».
« By attracting companies and capital, "Casa" wants to establish itself as a business crossroads in Africa, notes the publication, pointing out that on this continent, « the next relay of global growth », 70% of households will have purchasing power exceeding 5,000 dollars in 2025, according to the International Monetary Fund (IMF).
For the newspaper, the dynamic of the Casablanca hub was driven by political will, reinforced by the speech of HM King Mohammed VI, delivered in Abidjan in 2014, in addition to the Kingdom's reintegration into the African Union in 2017.
The daily, which refers to figures from the Ministry of Economy and Finance, notes that since that period, Moroccan investments in Africa have exploded, going from 100 million dollars in 2014 to over 800 million dollars in 2021, specifying that today, 43% of Moroccan foreign direct investment (FDI) is directed towards the continent.
