The elite of British finance thus found themselves in the heart of the City of London, on the occasion of the MCMD plenary conference, which was held under the theme “Private investment: A model of growth for Moroccan capital markets.
In his speech on this occasion, the British Secretary of State for the Treasury, Bim Afolami, recalled the depth of the centuries-old relations which unite Morocco and the United Kingdom, evoking “the great friendship and commercial cooperation which already existed in the 16th century between the two countries.
Today, he continued, “our trade is stronger than ever, with trade reaching more than £3.4 billion, which is a record.”
The Moroccan market offers “fantastic opportunities for the United Kingdom” and “we are very keen to develop the partnership with Morocco,” assured Mr. Afolami.
For her part, the Minister of Economy and Finance, Nadia Fettah Alaoui, noted that the 2024 edition of the MCMD, which saw the participation of more than 25 Moroccan issuers in addition to a community of international investors, offered the opportunity to recall the major reforms undertaken by Morocco, under the leadership of His Majesty King Mohammed VI.
This event highlighted the Kingdom’s desire to encourage private investment, while highlighting its significant portfolio of projects, particularly in anticipation of the 2030 World Cup, she added in a statement. declaration to the MAP.
The MCMD also made it possible to expose the potential of the Moroccan financial sector which has one of the most developed capital markets in Africa, with testimonies from international investors who were able to reflect the growth dynamics of the Kingdom. , as well as the maturity of its financial sector, said Ms. Fettah Alaoui.
The conference, which was attended by the Lord Mayor of London, Michael Mainelli, and the Moroccan Ambassador to the United Kingdom, Hakim Hajoui, was also marked by the interventions of the President of the Moroccan Authority of the capital market, Ms. Nezha Hayat, as well as the president of the Board of Directors of the Casablanca Stock Exchange, Kamal Mokad.
A panel of experts, moderated by the general director of the Casablanca Stock Exchange, Tarik Senhaji, presented the characteristics of the Moroccan capital market, the experiences of foreign investors and the determining role of the Mohammed VI Fund for the Investment, which has an initial capital of $1.5 billion and which aims to raise at least three times as much private capital.
After the six editions organized since 2016 in the main international financial centers (London, New York and Dubai), the MCMD is now recognized as the unmissable meeting of the Casablanca Stock Exchange, the capital market, international investors and listed Moroccan companies.