Morocco Strengthens Economic Partnership with Senegal and Affirms Commitment to Joint African Growth
Industrial and Trade Minister Ryad Mezzour affirmed in an exclusive interview with the Senegalese newspaper Le Soleil that economic cooperation between Morocco and Senegal is a strategic pillar in the path of African integration and a successful model of South-South partnership.
The minister noted the significant increase in trade volume between the two countries, which grew from $98.5 million in 2010 to $370 million in 2023, reflecting a rising dynamism and a shared developmental vision.
To enhance this dynamism, Mezzour revealed three practical priorities: transferring expertise in vital areas such as food industries and renewable energies, coordinating the use of port infrastructure to facilitate exchanges, and establishing joint investment funds dedicated to supporting small and medium enterprises in the region.
The minister emphasized that “Senegal is a key partner in Morocco’s strategy for joint industrial development in Africa,” highlighting ongoing technical programs being implemented across various productive sectors.
He also shed light on the strength and attractiveness of the Moroccan economy, which experienced a 55% rise in foreign direct investment during 2024, supported by sectoral diversity and a encouraging legal framework, making the kingdom a strategic platform for connecting Europe, Africa, and the Arab world.
In discussing economic positioning mechanisms, the minister referred to the trade privileges sector, which has seen an annual growth of 25% over the past fifteen years, with 745 active networks, 84% of which are foreign, resulting in a transaction volume of 20 billion dirhams, showcasing Morocco’s capability to export its brands and expertise.
He clarified that the government roadmap for the period 2025-2027 aims to boost exports, create job opportunities, and reinforce the “Made in Morocco” label.
Mezzour concluded his remarks by stating, “Our ambition is clear: to build shared prosperity with Africa.”
This statement coincided with Le Soleil celebrating the 26th Throne Day with a special supplement praising the Moroccan development model and the kingdom’s strategic partnerships on the continent, particularly with Senegal, while spotlighting the industrial and sports sectors in anticipation of Morocco hosting the Africa Cup of Nations in 2025 and the World Cup in 2030.
