Côte d’Ivoire-Morocco: Relations strengthened through Private-Private, Public-Private accords

Morocco and Côte d’Ivoire Monday gave a new impetus to their already strong ties with 14 new accords allowing win-win partnership between the two countries’ private sectors as well as between the public and private sectors.

King Mohammed VI, who is on a visit to Abidjan, and President Alassane Ouattara co-chaired a ceremony during which the Moroccan-Ivorian Economic Impetus Group, created in 2015, presented the agreements.

The 14 accords cover a wide range of areas including defense, agriculture, banking and health.

Morocco’s leading bank Attijariwafa Bank (AWB) signed a Memorandum of Understanding (MoU) with Ivorian defense ministry for the funding of the “Hexagone” project; one of the projects included in the 2016-2020 military programming law.

BMCE Bank of Africa, another Moroccan giant institution, will fund a social housing project for military personnel of the Ivorian army.

Groupe Banque Centrale Populaire (GBCP) also inked a partnership agreement for the establishment of a fund earmarked for financing the construction of a highway network in Côte d’Ivoire.

Another partnership accord signed with the Ivorian health ministry paves the way for the construction of a pharmaceutical plant to produce generic drugs for local populations.

Since its reinstatement in the African Union, Morocco has already signed over 113 accords with African states; a move translating King Mohammed VI’s call for South-South win-win cooperation.

About Khalid Al Mouahidi 3611 Articles
Khalid Al Mouahidi : A binational from the US and Morocco, Khalid El Mouahidi has worked for several american companies in the Maghreb Region and is currently based in Casablanca, where he is doing consulting jobs for major international companies . Khalid writes analytical pieces about economic ties between the Maghreb and the Mena Region, where he has an extensive network