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Home » Economy » Morocco and DRC Sign Protocol Agreement on Public Portfolio Management

Morocco and DRC Sign Protocol Agreement on Public Portfolio Management

A high-level delegation from the Democratic Republic of Congo’s (DRC) Ministry of Portfolio visited Rabat from December 24-26, culminating in a protocol agreement with Morocco’s National Agency for Strategic Management of State Holdings (ANGSPE).

Adil FaouzibyAdil Faouzi
Dec, 27, 2024
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Morocco and DRC officials meet to strengthen public portfolio management cooperation.

Morocco and DRC officials meet to strengthen public portfolio management cooperation.

Doha – A high-level delegation from the Democratic Republic of Congo’s (DRC) Ministry of Portfolio visited Rabat from December 24-26, culminating in a protocol agreement with Morocco’s National Agency for Strategic Management of State Holdings (ANGSPE).

The Congolese delegation, led by Cabinet Director Youyou Baende Bofota and accompanied by Bodom Matungulu, President of the think tank “RDC STRATEGIE,” met with ANGSPE Director General Abdellatif Zaghnoun to exchange expertise on state holdings management.

During the inaugural meeting, Zaghnoun emphasized that this visit establishes the foundation for future cooperation between ANGSPE and the DRC’s Ministry of Portfolio, extending Morocco’s existing partnerships with other African nations.

Baende Bofota noted that the mission aligns with implementing recommendations from the recently held States General of the State Portfolio in the DRC.

The three-day visit featured technical workshops covering the implementation of Morocco’s public enterprises sector reform since ANGSPE’s creation, governance of state-owned enterprises, and state shareholder policy objectives.

The Congolese delegation engaged with their Moroccan counterparts on additional crucial topics, including privatization framework reform, transformation of public establishments into limited companies, state shareholder account consolidation, state shareholder policy challenges, and human resources management.

The protocol agreement, which will be forwarded to the DRC’s Portfolio Minister, outlines both parties’ intention to strengthen cooperation by deepening existing exchange areas and identifying concrete actions for developing lasting relations.

The visit concluded with a presentation of key recommendations from the various workshops by both sides, marking a step toward enhanced collaboration in public portfolio management between the two nations.

The agreement represents a strategic move to modernize governance and improve the performance of public enterprises in both countries through shared expertise and collaborative initiatives.

Read also: Morocco, DRC Strengthen Ties with Focus on Peacekeeping and Economic Growth

Tags: Democratic Republic of CongoDRCMorocco congo
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