AfDB Maps Out North African Growth Strategy Through 2033

The consultations focused on scaling regional value chains, with stakeholders pinpointing agribusiness, automotive manufacturing, aerospace, and green energy as primary engines for growth. By prioritizing cross-border infrastructure and trade finance, the bank aims to solidify Morocco’s position as a vital industrial and financial gateway. This move aligns with the broader implementation of the African Continental Free Trade Area, utilizing Morocco’s existing logistics networks to foster deeper market integration.

Mohamed El Azizi, the bank’s Director General for North Africa, emphasized that future efforts must shift toward concrete investment opportunities that directly serve regional businesses. Participants from the government and the Arab Maghreb Union agreed that the next seven years require a rigorous focus on co-financing transport corridors and expanding private sector participation. These sessions provided the essential framework for a strategy intended to transform North Africa’s economic landscape through sustained, results-driven partnerships.