"Our continent needs to accelerate its emergence. To do so, investment, co-investment and co-development in projects and priority sectors in African countries become an imperative," said Methqal who spoke at the closing ceremony of the Africa Sovereign Investors Forum (ASIF).

Sovereign wealth and strategic funds can be a power horse for local private sectors by involving them in the implementation of local or regional projects, he added.

Methqal welcomed the initiatives launched at the end of the Forum, saying that this platform will help strengthen South-South partnerships, develop co-investment in African countries and accelerate regional economic integration.

The official called on economic and financial stakeholders in Morocco and in sister African countries along with international economic and financial actors to continue their commitment to African emergence, by implementing solutions that respond to the challenges of the continent.

To do so, we must innovate, join our efforts collectively and put in place inclusive and sustainable growth models for our continent, in a logic of coherence, responsibility and solidarity, noted Methqal.

The mobilization must be "global and expanded", involving governments, the business community and financial institutions, but also the civil society, cities and regions, youth and women, he said.

In his opinion, "the potential for cooperation between African countries is truly massive and the possibilities are limitless."

Held under the High Patronage of His Majesty King Mohammed VI, this Forum brought together a dozen African sovereign wealth funds, including Ithmar Capital, to create the first network of its kind on the continent, ASIF, whose main objective is to federate its members around the challenges facing African economies in terms of financing and investment mobilization.