The president of the General Confederation of Moroccan Enterprises CGEM, Chakib Alj, and Agostinho Zacarias Vuma, president of the Confederation of Economic Associations of Mozambique (CTA), signed, Wednesday July 20 in Marrakech, during the US-Africa Business Summit, a memorandum of understanding for the establishment of the Morocco-Mozambique Business Council.
This Business Council aims to create synergies and communication channels between Moroccan and Mozambican companies, to promote the exchange of know-how and to encourage investment and co-investment in the sectors of common interest identified. . It also aims to support companies, in particular very small, small and medium-sized enterprises (TPME), to succeed in their establishment and their international development.
The conclusion of this agreement, signed on the sidelines of the US-Africa Business Summit, is a new step towards strengthening economic cooperation between the private sectors of Morocco and Mozambique, CGEM said, noting that it also provides for the organization of forums and delegations to bring the two business communities closer together in favor of a lasting win-win partnership.
The signing of this MoU took place on the sidelines of the round table “From Made in Africa to Made with Africa” organized by the CGEM and moderated by Abdou Diop, President of the African Commission of the Confederation. The objective of this panel was to determine the means of consolidating cooperation between public and private actors and the actions to be taken to boost investments and co-investments between African countries and between Africa and the United States, in favor of the construction of industrial value chains.
Ali Zerouali, Vice-President of the Africa Commission of the CGEM, declared: “this panel organized by the CGEM, “From Made in Africa to Made with Africa”, on the occasion of the US-Africa Business Summit, represents well the spirit in which we work at the CGEM and at the level of Morocco, in close collaboration with African countries, to make win-win partnerships and share all the added value and wealth that can be drawn from industrialization and processes of transformation. »
And to continue: “we work in a very committed way at the level of the CGEM on these subjects. With the support of the African Development Bank ADB, we are launching a study on the complementarities of industrial value chains in Africa, which will make it possible to identify the sectors on which we must focus as a priority to build an African industry and initiate a dynamic and a virtuous circle of economic, industrial and social development for the benefit of all countries. »
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THIS panel was attended by MM. Alj and Vuma, Mr. James Morzart Strother, President of the Liberia Business Association, Mr. Xavier REILLE, Head of the Maghreb Office of the International Finance Corporation (IFC), Mr. Ali Zerouali, Vice-President of the Commission Africa of CGEM and Director of Cooperation and International Business Development at MASEN, Mr. Tamer Younes, Director Corporate Affairs of Procter and Gamble and Mrs. Lynette Armstrong, Managing Director of Debswana Diamond Company.
