ASMEX Commits Twenty Million Euros (€20M) Into Investment In Africa

The Association of Moroccan Exporters (ASMEX) has placed premium on trade development in Africa.

Consequently, the organization, through the government of Morocco has devoted twenty million Euros investment into trading activities in the African continent.

President of the organization, Hassan Sentissel El Idrissi announced this when executives of the Association held talks with Ghanaian journalists currently in Morocco.

According to him, since His Majesty King Mohammed VI assumed office as leader of the Kingdom of Morocco, he has devoted significant resources to Moroccan institutions working in Africa to provide quality services.

Aside that, he said the Kingdom has deployed relevant technical assistance to many African countries through various initiatives for social and economic development.

Explaining the fundamental reason driving these initiatives, he said the Kingdom recognizes the challenges in Africa as a shared responsibility. We don't have oil or gas, its our Africanity"

He said manufacturing companies and service providers from Morocco continues to recognize these historic ties "We love to settle in Africa "

According to him although Morocco has made significant progress in terms of development, the country would love to grow with the rest of Africa.

He said the desire of Morocco and for that matter Moroccans is to see Africa rising globally and competitively so that the tremendous changes occurring in Morocco would manifest continentally.

Hassan Sentissel El Idrissi recalled the number of countries visited by King Mohammed VI since he assume office ostensibly to commit Morocco to bilateral co-operations and agreements for the ultimate objective of rekindling historic ties and break new grounds for social and economic partnerships.

In Ghana for instance, he said twenty Memorandum of Understanding (MoU's) were signed by King Mohammed VI during his visit to Ghana in 2017 to establish trade relations between Ghanaian companies and their Moroccan counterparts.

Unfortunately, he expressed regret that out of the twenty, only quarter of the total number of MoU's have so far been implemented and the remaining still in the pipeline.

He said the country also devoted one hundred thousand euros (£100,000) investment into Europe through various trading activities.