African regions set up network for investment, development

An African Regions Network for Investment and Development was set up under a memorandum of understanding signed on Friday in Rabat, at the opening of the African Regions Economic Forum.

The memorandum was signed by the heads of 13 African regions representing the countries taking part in the forum, namely Burkina Faso, Cameroon, Gabon, Guinea Conakry, Kenya, Mali, Mauritania, Morocco, Nigeria, the Democratic Republic of Congo, Rwanda, Senegal, and the Union of the Comoros.

The MoU was signed on behalf of the Kingdom by president of the Rabat-Salé-Kenitra Regional Council, Rachid El Abdi.

According to the MoU, the African Regions Network for Investment and Development is meant to be a framework for partnership and exchange that will strengthen cooperation between regions, stimulate investment and facilitate the exchange of expertise to help promote development.

The network is part of these countries’ efforts to strengthen South-South partnership mechanisms and intensify social, economic, and cultural ties between African countries and their populations.

About Khalid Al Mouahidi 4304 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