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Rabat – Morocco under the leadership of King Mohammed VI has established itself as a key economic driver in Africa, according to Ambroise Fayolle, Vice-President of the European Investment Bank (EIB).
In an interview with MAP news agency during the Africa Investment Forum in Rabat, Fayolle spoke about Morocco’s strategic position as a gateway between Europe and Africa. “Morocco’s commitment to the development of Africa is remarkable,” he stated.
Fayolle noted Morocco’s key role in promoting regional economic integration through initiatives such as the African Continental Free Trade Area (AfCFTA). He also commended Morocco’s achievements in renewable energy, noting that the country serves as a model for sustainable solutions across Africa.
According to Fayolle, Morocco’s support for South-South cooperation through large-scale projects fosters inclusive growth and job creation.
The EIB has been a strong partner in Morocco’s economic growth, funding impactful projects that include green energy and transportation infrastructure. Fayolle explained, “Our projects support Morocco’s efforts in decarbonization, sustainable transport, biodiversity, and inclusive urban development.”
Read also: Morocco Is a ‘Major Investment Destination’ for EBRD, Says President Renaud-Basso
With an active portfolio of around €3 billion in loans to Morocco, Fayolle said that the EIB remains committed to aligning with the country’s priorities and aiding its long-term development goals.
In addition, he noted that Africa has been a priority region for the EIB for over 60 years. In the last five years alone, the bank has invested over €21 billion across the continent, with nearly €9 billion directed to the private sector.
Fayolle spotlighted successful African projects like Morocco’s Noor Ouarzazate solar plant and Kenya’s Lake Turkana wind farm as examples of the region’s potential. Such projects demonstrate the strength of public-private partnerships and highlight Africa’s capacity to host innovative, sustainable, and profitable investments.
According to Fayolle, the Africa Investment Forum provides a critical platform to mobilize funding for transformative projects, enhance collaboration, and shift perceptions of investment risks in Africa.
“Africa is full of opportunities … By working together—governments, financiers, and private sectors—we can turn these opportunities into tangible, sustainable successes,” Fayolle concluded.
