AFKinsider
Over the recent years Morocco has established its self as a bastion of stability on the doorstep of an often-turbulent Northern Africa region that was marred with violence during the Arab Spring. The country’s burgeoning economic and commercial links—across the continent and beyond—and expanding contributions to regional political stability and security, has put it as an attractive portal for investors seeking a footprint across Africa.
Morocco’s Casablanca Stock Exchange has already played a key role in the economy since it was established in 1929, by bringing together investors and issuers in a modern, liquid and transparent market. The exchange is creating opportunities through its 76 listed companies, with more listings expected.
“Morocco is a natural entry point into Africa, as we offer a stable political and economic environment with world-class infrastructure,” The exchange CEO Karim Hajji told World Eye Report.
Moroccan companies in the finance, construction and telecoms sectors are planting flags and gaining market share in a rapid number of fast growing African economies. Morocco’s financial institutions already generate more than 25 percent of revenues from sun-Saharan Africa. This number is expected to grow towards 50 percent by 2020.
Not only is Morocco currently one of the most developed financial industries on the continent but it also has a grand vision to become a financial hub for the region as narrated by Youssef Lahlou and Baldwin Berges of Silk Investment.
