Kuwait – Kuwaiti newspaper “Al-Jarida” highlighted Morocco’s investments in Africa aimed at strengthening the continent’s economy, developing its infrastructure, and establishing its financial and commercial sovereignty.
Morocco’s return to the African Union (AU) has ushered a new momentum of development, aimed at reconnecting Africa to its deep roots, while promoting its openness to both sides of the Atlantic, to the north and west, the daily emphasized on Friday in an article titled “The Moroccan dirham… African.”
An economic dream is on the horizon, with the Moroccan dirham becoming a regional currency capable of bringing stability and growth to West Africa, despite the challenges, the article says, recalling that under the impetus of HM King Mohammed VI, Morocco is increasing initiatives to promote inclusive, solidarity-based and globalized development on the African continent.
According to the newspaper, this approach aims to strengthen economies of the continent’s countries, promote their infrastructure, and foster their financial and commercial sovereignty.
In this regard, the newspaper cites structural projects launched by the Kingdom, such as the African Atlantic Gas Pipeline, the Atlantic Initiative to facilitate access for Sahel countries to the Atlantic Ocean, and the Rabat Process of Atlantic African States, as part of an unprecedented development momentum in Africa.
In addition, there are projects in sectors such as renewable energy, sustainable agriculture, financial services and civil engineering, with a view to sustainable development and continental integration.
“Al-Jarida” also mentions the investments made by large Moroccan companies in several sectors across Africa, particularly telecommunications and banking, noting that Moroccan investors are present in more than 20 African countries
