agadir – Moroccan Head of Government Aziz Akhannouch has outlined the country’s strategic vision for investment across Africa during the Africa Forward Summit, representing King Mohammed VI in the Kenyan capital.
The summit was held in Nairobi on 11-12 May brought African and international leaders will work together to advance partnerships focused on innovation, sustainable development and equitable development across the continent.
Speaking Speaking to the media, Akhnouch stressed that the gathering provided an opportunity to showcase Morocco’s experience in key sectors, particularly investment and logistics.
“This event was an opportunity to discuss and exchange future prospects for investment. It also gave us the opportunity to present Morocco’s perspective regarding investment in the African continent and showcase our experience in the region,” Akhannouch said.
He cited Morocco’s new investment charter and the success of Tanger Med Port as concrete examples of policies designed to enhance competitiveness and attract international investors.
“We highlighted how Morocco has addressed investment challenges, as well as the country’s key logistics and infrastructure capabilities, which play a key role in supporting investment,” he said.
Pointing to Morocco’s efforts to create a stable and transparent business environment in line with international standards, Akhnouch stressed that trust is the cornerstone of any sustainable investment.
“Trust was also emphasized as the most important pillar to ensure successful investment. Therefore, the meeting served as a platform to exchange ideas and share Morocco’s experience,” Akhannouch said.
Morocco has deployed Africa is at the center of its investment focus. According to official figures, 85% of Morocco’s foreign direct investment (FDI) is directed towards Africa, making the country one of the leading investors on the continent and the top investor in West Africa.
Recent projections indicate that Moroccan investments in Africa could reach MAD 5 billion (about $548 million) in 2024, accounting for about 20% of the country’s total investments abroad.
During his remarks, Akhnouch also said that the summit served as a platform to present the country’s ongoing structural reforms, particularly in the health sector, which aim to improve access, governance and efficiency within the national system.
He concluded, “This opportunity also allowed us to highlight the importance of health care for Morocco and the major structural reforms that have been carried out in recent years in our country.”
Healthcare has always been one of the priorities of the country. One of the recent reforms of Address Long-standing disparities in access to medical services have been addressed by the launch of 15 new hospital projects, which are expected to add approximately 3,000 beds across the country, along with the rehabilitation and upgrading of thousands of primary health care centers to bring services closer to underserved populations.
The Africa Forward summit was co-hosted by Kenyan President William Ruto and French President Emmanuel Macron. It aims to promote a renewed framework of Africa-France cooperation as it aims to highlight Africa’s innovation potential.