2023-07-07 11:30:00
Friday, July 7, 2023 at 12:30 PM
Diamniadio (Senegal) – His Majesty King Mohammed VI continues to reaffirm that Africans must rely on their own capacities and resources for the development of their continent, underlined Thursday in Diamniadio, 30 km from the capital Dakar, the CEO of Attijariwafa Bank, Mohamed El Kettani.
Mr. El Kettani was speaking at a presidential panel held in the presence of Senegalese President Macky Sall and Ivory Coast Vice-President Tiémoko Meyliet Koné, on the sidelines of the first edition of the international forum “Invest In Senegal” dedicated to promoting investment opportunities in Senegal and Africa.
“Africa must trust Africa and HM King Mohammed VI keeps repeating that Africans must rely on their own capacities and resources,” said the CEO of Attijariwafa Bank.
“This kind of forum facilitates dialogue between the public sector, the private sector, NGOs and international partners so that we can build new innovative approaches to help mobilize local and international savings and accelerate the financing gap in infrastructure”, explained the CEO of Attijariwafa Bank.
Africa must mobilize a force of proposal and pressure at the international level, through African companies, pan-African banks, African sovereign funds, financing and pension institutions and insurance companies, in order to be able to impact the risk perception Africa, he continued.
“Africa cannot be industrialized without roads, without logistics warehouses, without special economic zones, without power plants and without digital technology,” he said, noting that all of this requires funds.
In addition, he indicated that pan-African banks are aware of these issues and work on a daily basis to support this dynamic.
Regarding the experience of Attijariwafa Bank in Senegal, Mr. El Kettani recalled that as an investor, the bank has followed, since 2006, all the structural reforms that have impacted the country’s economic growth and who have also created a middle class, noting that the bank is also working, as part of its responsibility, to support young project leaders in realizing their dreams.
As a Moroccan operator Attijariwafa Bank “has opted for pan-African development under the impetus and vision of HM King Mohammed VI who is a great defender like his brothers the Senegalese presidents Macky Sall, and Ivorian president Alassane Ouattara for integration and increasingly important South-South cooperation”, he underlined.
“Our presence in Senegal aims to support the private sector and investors in the dynamics that the country is experiencing and we operate within the framework of banking activity at the service of the Senegalese economy and Senegalese citizens”, indicated the CEO of Attijariwafa Bank.
As a commercial bank, Attijariwafa Bank is working to complete the savings mobilization system, he said, noting that the role of the bank is to transform savings collected locally into investment financing and between others participate in the simplification of loans for the benefit of major infrastructure projects alongside multilateral banks and institutional investors.
The opening of this meeting was marked by the presence of members of the Senegalese government, members of the diplomatic corps accredited in Senegal, including HM the King’s ambassador to Dakar, Hassan Naciri, as well as economic operators and investors.
“Invest In Senegal”, a platform to stimulate the development of markets in a logic of integration of local and continental trade aims to benefit from the ZLECAF and to ensure the promotion of investment opportunities in Senegal and in Africa.
The forum aims in particular to promote BtoB meetings between investors, the State and private sector companies participating in the Forum, to increase public-private partnerships, joint ventures and to promote SMEs, and to mobilize financing for regional integration projects.
Placed under the high patronage of President Macky Sall, this three-day event, of which Côte d’Ivoire is the guest of honor, is organized by the National Agency for the Promotion of Investments and Major Works (APIX-SA ) in partnership with Global View Africa.
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