Head of Government, Aziz Akhannouch, highlighted, on June 5 in Abidjan, the achievements and structuring projects carried out in Morocco in several fields under the Enlightened Leadership of His Majesty King Mohammed VI.
Speaking at the 2023 edition of the Africa CEO Forum, Akhannouch broadly outlined Morocco’s undeniable investments and efforts in developing logistics infrastructures, emphasizing that the Kingdom is home to the largest port in Africa and a significant number of international airports.
Akhannouch also shed light on the new Investment Charter and sectoral priorities, such as healthcare, automotive, agro-industry, fertilizers, and aeronautics, underlining the imperative of having leaders in these sectors.
In this context, the Head of Government stressed that the value chain must not be limited to a single country, but should be integrated regionally, adding that “no country can do everything independently, so we need complementarity, and Africa enjoys this characteristic.”
Recalling the COVID-19 period, the Moroccan official stressed that Morocco prioritizes health sovereignty and industrial and agricultural sovereignty, citing, in this regard, Plan Maroc Vert (Green Morocco Plan), which has doubled the added value of agriculture, and the new “Green Generation” strategy.
Akhannouch also outlined Morocco’s progress in the field of green and renewable energies thanks to a Far-sighted Royal Vision, recalling that the share of renewable energies in the energy mix has risen to approximately 40% with the ambition to reach 52% in the next few years.
In a similar context, the government official stated that Morocco, which is particularly interested in green hydrogen, is preparing a proposal for investors, citing, in this regard, the Nigeria-Morocco Gas Pipeline and its importance in diversifying resources.
Concerning public-private sector investment, Akhannouch explained that Morocco aims to increase the private sector’s contribution to investment for the state from 1/3 to 2/3.
The Moroccan official also stressed the importance of boosting trade between African countries and benefitting from the available opportunities, describing Africa as a continent that complements itself through its natural resources.
The Africa CEO Forum, the largest annual gathering of the private sector in Africa (June 5-6), attracts over 1.800 African and international business leaders and public decision-makers to rise to the ambitious challenge of rapidly and sustainably transforming crises into opportunities.
The Forum is an opportunity for participants to engage in in-depth reflection on two major challenges facing the continent if the latter wishes to achieve its economic sovereignty in a context marked by crisis and rapid global competition.
According to the organizers, the Forum’s objective is to rehabilitate the “strategist state,” capable of identifying and encouraging the continent’s growth priorities to integrate into global value chains and to support large-scale enterprises that will ensure the future competitiveness of African economies.