Casablanca hopes to build the gateway to markets across Africa | Financial Times
Part of a series on Doing Business in Morocco, the Financial Times looks at Morocco’s positioning as a business gateway to African markets:
Casablanca’s Anfa Airport is an unlikely symbol of Morocco’s ambitions in Africa. Once synonymous with the early glamour of air travel, its disused terminal now presides over scrubland. But hidden beneath the former taxiways are newly installed fibre optic cables and the infrastructure needed for a finance hub that policymakers say will be an emblem of the country’s push south.
Morocco traditionally looked to Europe for business and trade, but the financial crisis and weak European growth hit the country hard and helped propel its companies and policymakers towards higher growth further south.
“We are close to Europe and yet we are in Africa. We have a good financial sector, good technology, an airline that links us to African cities. There are many reasons for us to expand into Africa,” says Nadia Fettah Aloui, managing director at Moroccan insurer Saham Finance…[FULL STORY]