Home Africa Casablanca emerges as Africa’s new financial powerhouse (The Guardian)

Casablanca emerges as Africa’s new financial powerhouse (The Guardian)

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Casablanca’s financial district is fast becoming a powerful force in Africa’s economic transformation. According to The Guardian, the Moroccan hub has carved out a crucial role for itself, emerging as an essential gateway for international investors looking to expand their footprint across the continent.

The British publication highlights Casablanca’s long-standing role as a commercial crossroads, shaped by centuries of trade between Africa, Europe, and the Middle East. Today, that legacy has evolved into a new form through Casablanca Finance City (CFC), a platform that blends local roots with global ambitions.

Since its launch in 2010, CFC has attracted over 240 foreign companies, drawn in by a combination of fiscal incentives and Morocco’s reputation for political and economic stability. Lamia Merzouki, the center’s deputy CEO, points to these strengths as key reasons why Casablanca is succeeding where others falter, especially in a global environment marked by uncertainty and volatility.

But CFC isn’t just about banking and finance. Its scope has expanded to include innovation-driven sectors such as financial technology, carbon credit trading, and sustainable finance. It’s also becoming a magnet for pan-African investment funds focused on improving infrastructure across the continent.

What sets CFC apart is its network. The center collaborates with over twenty national investment promotion agencies throughout Africa, building bridges between markets and encouraging cross-border partnerships. This outward-facing strategy mirrors Morocco’s broader economic vision: positioning itself as a leading player in Africa’s future.

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