Under the aegis of HM King Mohammed VI, Moroccan companies have turned to Africa. To implement this strategy, Morocco is equipped with a financial arm that is Casablanca Finance City (CFC), says the report broadcast as part of the program "Focus on Africa".
Created in 2010 as a public-private partnership, CFC aims to attract international capital flows before committing them to Africa, thus contributing to the development of the entire continent as part of a South-South cooperation, the same source notes.
Morocco has since invested more than $4.3 billion in sub-Saharan Africa to position itself as the second largest intra-African investor, said the British TV channel.
However, this African rooting is not limited to investments, the report notes, pointing out that Morocco also shares, with the continent, academic and technical cooperation programs, in addition to human development projects.
The report includes testimonies of African students and young entrepreneurs who explain why they have found happiness in the Kingdom, noting that "countries from all corners of the globe want to invest in Morocco."
The BBC stresses that according to the World Bank's ease of doing business index, Morocco is among the countries that have made the most progress in their ability to attract foreign investment. The Kingdom has moved from 130th to 55th place in the world over the past two decades.
"The economic development of Morocco now requires greater integration with sub-Saharan African countries and with the establishment of the African Continental Free Trade Area (AfCFTA), the Kingdom has all the cards in hand to be a key player on the continent," concludes the report.