{"id":7329,"date":"2024-10-30T10:22:05","date_gmt":"2024-10-30T10:22:05","guid":{"rendered":"https:\/\/en.7news.ma\/?p=7329"},"modified":"2024-10-30T19:24:04","modified_gmt":"2024-10-30T19:24:04","slug":"a-bold-alliance-morocco-and-france-launch-joint-investment-accelerator","status":"publish","type":"post","link":"https:\/\/en.7news.ma\/a-bold-alliance-morocco-and-france-launch-joint-investment-accelerator\/","title":{"rendered":"A bold alliance: Morocco and France launch ‘Joint Investment Accelerator’"},"content":{"rendered":"
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In a landmark move to strengthen Morocco-France relations, a new strategic partnership has been sealed with the creation of the \u201cMorocco-France Investment Accelerator.\u201d The agreement, signed during French President Emmanuel Macron\u2019s official visit to Morocco, brought together high-profile figures, including His Majesty King Mohammed VI and President Macron, underscoring the commitment to a dynamic, mutually beneficial alliance between the two countries.<\/p>\n

The new accelerator was born from a collaborative agreement between the Mohammed VI Fund for Investment (FM6i) and key French public investment entities. Leading the charge are Mohamed Bencha\u00e2boun, Director General of FM6i; R\u00e9my Rioux, CEO of the French Development Agency (AFD); Marie-Laure Mazaud of STOA; and Isabelle B\u00e9b\u00e9ar from Bpifrance. This collaboration represents the first partnership of its kind between Morocco and the French public investment network, including AFD, Proparco, Expertise France, STOA, and Bpifrance, which collectively aim to foster sustainable growth and inclusive development across Morocco.<\/p>\n

At the core of this initiative is a groundbreaking joint venture between FM6i and STOA, aimed at catalyzing investments in sustainable infrastructure with a funding target of 28 billion dirhams. The venture promises transformative infrastructure development across Morocco, prioritizing eco-friendly projects that will propel the nation\u2019s green transition. Additionally, Proparco has pledged up to 1 billion dirhams toward co-investment in targeted funds, with an emphasis on supporting Morocco\u2019s venture capital ecosystem.<\/p>\n

Supporting Morocco\u2019s growing entrepreneurial landscape, Bpifrance is working closely with FM6i on a skill-building program for Moroccan fund managers. This initiative is designed to stimulate local private investment and provide essential growth opportunities for small and medium-sized enterprises (SMEs) and startups, which are vital to Morocco\u2019s economic landscape.<\/p>\n

A major focus of the Morocco-France Investment Accelerator is on empowering SMEs and early-stage companies\u2014the engines of economic growth. More than 1,500 Moroccan businesses will gain access to financial support and comprehensive training, enabling them to scale and attract venture capital. In parallel, a dedicated fund will provide flexible financing solutions to high-potential startups, helping them expand within Morocco and into African markets.<\/p>\n

Beyond business development, the accelerator is poised to drive job creation, innovation, and economic resilience in Morocco, further solidifying France\u2019s standing as the country\u2019s top foreign investor. This commitment also underscores Morocco\u2019s dedication to inclusive and sustainable development, reflecting Rabat\u2019s long-term vision for socio-economic progress.<\/p>\n

This agreement comes as part of a renewed Moroccan-French relationship, marked by deepening economic ties focused on job creation and value generation. It builds on President Macron\u2019s July 2024 letter reaffirming French support for Morocco\u2019s sovereignty over Western Sahara, anchoring the bilateral cooperation in a broader territorial and economic development strategy.<\/p>\n

With the launch of the Morocco-France Investment Accelerator, both nations are positioning themselves for a shared future of sustainable growth, uniting efforts to foster an inclusive, prosperous landscape that benefits both Moroccan and French citizens alike.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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