Join on WhatsApp
Join on Telegram
Casablanca – The Africa Financial Industry Summit of 2025 opened today in Casablanca, gathering the most important financial authorities of the continent. The event was marked by appeals to unity, innovation, and urgency in the construction of a stronger and more independent Africa.
Amir Ben Yahmed, the CEO of Jeune Afrique Media Group, marked the starting point of the summit in his initial address, pointing out that this annual event is where “action takes precedence over words.”
As he addressed the gathering of ministers, central bank chiefs, and businessmen, Ben Yahmed shared three messages of gratitude, admiration, and encouragement.
He praised the African continent’s endurance in the face of divergent dynamics that include fast-growing economies with a rising middle class, as well as increased debts and political turmoil.
“It was important for us – and for me personally – to reaffirm our strong conviction in Africa’s ability to overcome current challenges and to remain a fantastic investment destination in the years ahead,” he stressed.
“What we perceive is incredible ambition and remarkable vitality,” he added.
Ben Yahmed expressed deep admiration for Morocco, which is hosting the meeting for the second year running. “One only needs to travel from Tangier in the north to Dakhla in the south to grasp the transformation underway and to recognize Morocco as an African and Global South model of development.”
Nonetheless, he encouraged Morocco to assume a much bigger role in the construction of what he termed “a truly African financial capitalism,” where African investors can come together to forge a stronger financial environment.
Makhtar Diop, Managing Director of the International Finance Corporation (IFC), echoed that call for collaboration and urgency. “We are gathered here to shape Africa’s financial future — and the urgency is real,” he said, warning that over 300 million young Africans will enter the job market within the next decade.
Diop has identified the three key areas of priority in the World Bank Group’s strategy: investment in infrastructure and human capital, redesigning regulations to encourage entrepreneurship, and scaling the mobilization of the private sector.
Examples of this strategy include “Mission 300,” aiming to offer power to the 300 million Africans not yet served by electricity by the year 2030, as well as “AgriConnect,” aiming to upgrade small-scale farming as a source of prosperity and food security.
He also emphasized the importance of fostering local capital markets to ensure that small and medium businesses obtain more funding in local currencies.
“Africa has the means to move from being a continent of opportunities to a continent of investment,” Diop stated.
