UK-Morocco Business Dialogue: Minister Mohcine Jazouli on opportunities for investment in Africa

The UK-Morocco Business Dialogue recently took place, aiming to attract and engage in trade and investment opportunities for Morocco. This conference followed the UK-Africa investment summit, emphasizing Morocco's crucial role in Africa's economic emergence. CNBC Africa's Chris Bishop interviewed Minister Delegate for African Cooperation, Mohcine Jazouli, shedding light on the potential for increased business between Morocco and the UK post-Brexit. At the summit, Jazouli highlighted the need for stronger economic ties between Morocco and the UK following Brexit. He expressed optimism about the possibility of surpassing the current 2.3 billion pounds in trade between the two countries. Jazouli emphasized the start of a 'new page' in their relationship, suggesting potential collaborations in energy, particularly in renewable energy projects where Morocco has seen success. Jazouli mentioned the prospect of collaboration not only in Morocco but also in other African countries, underscoring the country's position as a gateway to Africa. With investments already underway in Rwanda, Morocco has become the second-largest African investor on the continent, particularly focusing on Western Africa. Looking ahead, Jazouli outlined Morocco's interest in further investments across Africa, with a concentration on Eastern and Southern Africa. Key industries of interest include banking and financial services, as well as renewable energy, crucial for addressing Africa's power needs. He discussed various approaches to growth, including acquisitions and expanding banking networks. In terms of Morocco's own development, Jazouli emphasized the importance of a new development model for the country, aligning with King Mohammed VI's vision for the next 20-30 years. This model aims to enhance Morocco's position within Africa, reflecting a strategic focus on both local and continental growth. When asked about future plans, Jazouli expressed a desire to host similar conferences in Morocco to facilitate business between UK and Moroccan companies. Additionally, he highlighted ongoing efforts to engage in events across Africa, promoting partnerships with nations beyond the continent to enhance investment opportunities through triangulation. In conclusion, the UK-Morocco Business Dialogue highlighted the potential for expanded economic cooperation between Morocco and the UK. With a focus on diverse sectors such as energy, finance, and investments across Africa, Morocco is poised to play a pivotal role in driving economic growth and development on the continent.