Home Economy Morocco Expands Its Financial Market in London

Morocco Expands Its Financial Market in London

By Hajare El Khaldi

Rabat – The London Stock Exchange (LSE) hosts the third edition of ‘Morocco Capital Markets Days’ on Monday, April 16.

Organized by LSE and the Casablanca Stock Exchange (CSE), in collaboration with the Moroccan Embassy in Great Britain, this annual event aims to promote Morocco’s financial position by introducing UK investors to the business opportunities that the North African country has to offer.  

In addition to presentations by Moroccan and British experts and discussions on the African financial market, this event will witness the introduction of the “Ambition 2021” action plan developed by CSE, which aims to inject a new dynamic into the Moroccan stock market and contribute to the construction of a more attractive financial center.

“Ambition 2021” redesigns the market to integrate the CSE in the African financial hub, thus facilitating access to capital and meeting the needs of international issuers and investors. This plan is structured around three axes: powerful market infrastructure, better financing for the Moroccan economy, and better consolidation for Casablanca’s regional position.

Implementing this plan would set the stage for an integrated, solid, open, and appealing stock market platform that meets the international standards.Morocco offers investors a competitive platform for export, macroeconomic stability, political security, access to a market of more than one billion consumers, ambitious sectoral strategies, and a business friendly-environment.

Earlier in March, the Moroccan Embassy in London and the British Developing Markets Associates introduced London to Morocco’s potential in several sectors, such as renewable energies, tourism, education, and finance; through the Moroccan-UK Trade and Investment Forum.

Currently, over 200 Moroccan companies export their products to Great Britain, and nearly a hundred British companies are present in Morocco, such as GlaxoSmithKline, Shell, British Airways, and Unilever.

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