More

    Morocco Signs Landmark Agreement to Transform Western Sahara into Economic Powerhouse

    Morocco has taken a major step toward deepening regional integration and promoting South-South cooperation with the signing of a tripartite Memorandum of Understanding (MoU) designed to turn Es-Semara, in southern Morocco, into a leading African economic and logistics hub.

    The agreement, signed between the African Chamber of Commerce and Services (CACS), the French Chamber of Commerce and Industry of Morocco (CFCIM), and the Es-Semara City Council, is aimed at positioning the Western Sahara city as a vital gateway linking Morocco to the Sahel and wider sub-Saharan Africa.

    The pact, as cited in Business Insiders report, witnessed by government officials, diplomats, and business leaders, underscores a shared commitment to fostering Africa’s economic and cultural influence through innovation and cooperation.

     Don’t Miss This: Nigerians Lose ₦316bn to Ponzi Schemes — SEC

    Under the deal, the three organizations will jointly promote Es-Semara’s territorial development, enhance its investment appeal, and develop human capital.

    Plans are also in place to organize business forums, investment seminars, and trade missions to strengthen commercial ties across the continent. 

    The agreement will see the creation of a CACS branch in Es-Semara focused on African cooperation and South-South partnerships, alongside a CFCIM office dedicated to supporting investors and small businesses. This initiative aligns with King Mohammed VI’s long-term vision of boosting growth in Morocco’s southern regions, positioning them as key drivers of continental development. 

    By bridging trade between North and sub-Saharan Africa, the project aims to make Es-Semara a model for inclusive growth and sustainable investment.

    With the MoU’s implementation, Morocco hopes to elevate Es-Semara into a hub of innovation and integration—reshaping the economic landscape of Western Sahara and reinforcing Africa’s role in global trade.

    Sign up for our free Daily newsletter

    We'll be in your inbox every morning Monday-Saturday with top business news, inspiring stories, best advice and exclusive reporting from Entrepreneur.

    Related Posts

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Latest

    Nigeria turns to Turkey for investment and security support in $5bn mega deal

    Nigeria has entered a new phase of economic and security cooperation with Turkey, signing a suite of agreements designed to expand bilateral trade to...

    U.S opens communications with AES bloc as Sahel insecurity deepens

    The United States has continued to maintain discreet communication channels with the militaries of the Alliance of Sahel States (AES), comprising Mali, Niger, and...

    Financing Africa’s Green Future Through Innovation and Impact – Tariye Gbadegesin

    In the ever-evolving landscape of sustainable finance, Tariye Gbadegesin stands at the intersection of infrastructure, climate action, and capital investment — a rare combination...

    US Pivots to Investment-led Engagement in Africa as Rivalry For Influence Grows

    The United States is reshaping its engagement with Africa around an investment-first strategy, signalling a shift away from traditional aid-driven models as competition for...

    Nigerian, Chinese Firms Seal Energy Deal Targeting Power Reform, Lithium Value Chain

    Nigerian and Chinese energy companies have signed a broad framework agreement aimed at accelerating power sector reform in Nigeria while positioning the country within...