New York - Casablanca Finance City (CFC), the Pan-African financial market was awarded the prize for “Best Investment Promoter Greater North West Africa 2015” in London on Saturday.
New York – Casablanca Finance City (CFC), the Pan-African financial market was awarded the prize for “Best Investment Promoter Greater North West Africa 2015” in London on Saturday.
The Global Banking & Finance Review magazine awarded the number one spot to Casablanca Finance City for its exceptional investment opportunities and promoting business in North West Africa, according to a Business Wire press release.
Said Ibrahimi, CEO of Casablanca Finance City Authority (CFCA) received the award on behalf of the partnership.
The Awards, as explained by the magazine’s website, “reflect the innovation, achievement, strategy, progressive and inspirational changes taking place within the Global Financial community.”
According to the same source, CFCA has been included in the Global Financial Centre Index (GFCI) as the second most important financial hub in Africa, after Johannesburg.
More than 90 multinational companies have chosen CFC to open their doors in the Moroccan economic capital, receiving the CFC status.
Among these enterprises are: BNP Paribas, Wendel, Huawei, Boston Consulting Group, and Ford.
The CFC Status “is a label [given to businesses, which gives] access to an attractive package of advantages. These advantages include tax incentives, foreign exchange control facilities and other benefits for doing business facilitation”.
Casablanca Finance City Authority (CFCA) is a limited company composed of public-private partnerships that aims to position Casablanca as a “regional financial hub” in the continent and a “premier gateway” into African markets.
CFCA was created in Morocco in July 2010 and it includes Bank Al Maghrib (central bank), the Casablanca Stock Exchange (CSE) and and La Caisse de Dépôt et de Gestion (CDG).
Global Banking & Finance Review is an international financial magazine published in London and read in over 200 countries, covering topics such as banking, mergers, acquisitions, Forex, and financing among others.