Morocco has secured over $14 billion in financial commitments for a strategic project presented by the Moroccan National Railways Office (ONCF), President of the African Development Bank (AfDB), Akinwumi Adesina, announced on Friday in Rabat.
Speaking at a press conference at the close of the Africa Investment Forum (AIF), Adesina underlined that this strategic project was one of the major successes of this edition, with an initial request of $8.8 billion.
He added that the initiative was unanimously welcomed by investors who recognized its strategic importance for Morocco’s development.
More broadly, the Africa Investment Forum’s current edition attracted a total of $29.2 billion in investment interest, testifying to the growing commitment to strategic initiatives aimed at supporting Africa’s development, he added.
Held under the theme “Leveraging Innovative Partnerships for Scale,” the AIF 2024 serves as a key platform by paving the way for strategic investments to support Africa’s economic transformation, and provide direct access to deal opportunities across the continent.