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Maghrebian Prospects in Africa : Morocco. By Petra Patty. Outline. Introduction Politics : Foreign policy of Morocco towards Sub-saharan Africa Economics : Agreements regulating relations Figures of trade Investments : Banking Infrastructure Conclusions.

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outline
Outline
  • Introduction
  • Politics:
    • Foreign policy of MoroccotowardsSub-saharanAfrica
  • Economics:
    • Agreementsregulating relations
    • Figures of trade
    • Investments:
      • Banking
      • Infrastructure
  • Conclusions
foreign policy of morocco towards sub saharan africa
Foreign policy of Morocco towards Sub-saharan Africa
  • Twotypes of relations:
    • 1. Traditionallyfriendly: Senegal, Gabon, DR Congo, GuineeEquatorial, Mauritania, IvoryCoast
    • 2. Ones made tense, mainlyforpoliticalreasonstodowiththe Western Saharanconflict: Nigeria, South Africa, etc.
  • 1980’s:
    • 1984, Moroccoleavesthe Organization of AfricanUnity
    • Developing relations with Angola (1985), Cape Verde (1987)
    • 1986: Creation of AgenceMarocaine de CoopérationInternationale - AMCI
foreign policy of morocco towards sub saharan africa1
Foreign policy of Morocco towards Sub-saharan Africa
  • 1990’s:
    • 150 different agreements by the middle of the decade
    • Other efforts: Somalia 1992-93, visits: 1996, etc
  • From 1999, King Mohammed VI.
    • Repeated annual visits from 2001, including Gabon, Republic of Congo, Democratic Republic of Congo, Gambia
    • 25 embassies in Africa, 6 new representations by the end of 2010
foreign policy of morocco towards sub saharan africa2
Foreign policy of Morocco towards Sub-saharan Africa
  • New direction of socialcooperation:
    • 2006: Niger foodcrisis
      • Hospitalization, stock of drugs, pesticides, etc.
    • 2004, visitsto Bénin, Cameroon, Gabon, Niger and Senegalsigningconventions
    • 180-268 millionsEuros of supporttoWest-African and CentralAfricancountries
    • Threesidedcooperations – NEPAD (New PartnershipforAfrica’sDvelopment)
  • Strategytowardleastdevelopingcountries:
    • 2000, European African Summit, Cairo
    • 2003, ExtraordinaryMinisterialConferenceforLeastDevelopedCountriesin Rabat
  • Intensions of workingtogetherwithorganizations:
    • 2000, UEMOA (West African Economic and Monetary Union)
    • 2001, joining COMESA (Common Market for Eastern and Southern Africa)
    • 2002, ManoRiver Union Meeting in Rabat
agreements regulating relations
Agreements regulating relations
  • 2002, UEMOA (West AfricanEconomic and Monetary Union):
    • Trade and investmentonindustrial and agriculturalproducts
    • Nottakenaffectyet
  • 2004, visitsto Bénin, Cameroon, Gabon, Niger and Senegal:
    • Conventionsonnon-doubletaxation, encouragement of investment, projects: expertise and funds
    • Sea trade, mining, civil engineering, housing, water and education
agreements regulating relations1
Agreements regulating relations
  • Strengthening relations, diversifying markets: bilateral economic and trade cooperations, classic or preferential, 17 countries
  • Mixed inter-state commissions
  • Private sector:
    • Official support
    • International forums
    • Studies on trade prospects
    • Organization for the support of export
current figures of trade
Current figures of trade
  • Global sum of trade:
    • 1990-1998: 300,6 milliondollarsonaverage per year
    • 1998-2008: 529 milliondollars
    • Commercial trade:
      • 101 milliondollars deficit onaverage per yearfortheperiod of 1990-98
      • 2008: 282,8 milliondollarexcess
current figures of trade1
Currentfigures of trade
  • 2008, Moroccan export:
    • 4,46% toAfrica (Main markets: Senegal, Equatorial Guinea and IvoryCoast, Congo, Nigeria, Ghana, Angola)
    • 75,23% to EU
    • 6,9% toAsia
    • 2,72% to USA
  • Export byzones:
    • 27,2% to UEMOA
    • 19,31% to CEMAC – Economic and Monetary Union of CentralAfrica
    • 2% to SACU – Southern AfricanCustoms Union,
  • 170% increase of trade betweenMorocco and Sub-saharanAfrica:
    • 1998: 52,6 milliondollars
    • 2008: 1,4 billiondollars
    • Versus Tunisia: 107 milliondollars and Egypt: 320 milliondollars
current figures of trade2
Current figures of trade
  • Main Sub-saharian suppliers of Morocco: Gabon, Congo, Central African Republic, Ivory Coast, Nigeria, Burkina Faso, Sénégal, South Africa
  • Import by zones:
    • 59,82% from SACU
    • 17,5% from CEMAC
    • 11,63% from UEMOA
slide11

Composition of export, 1998-2008:

Source : Chelem, calcul DEPF

slide12

Composition of import, 1998-2008

Source : Chelem, calcul DEPF

current figures of trade3
Current figures of trade
  • Relations with countries who recognize the RASD (Sahrawi Arab Democratic Republic – or Western Sahara):
    • Rebuilding relations for the past 10 years
    • Moroccan economy more international
    • Retreat of recognition
    • South Africa: 210 million Euros in 2008
    • Nigeria: 60 million Euros in 2008
    • (720 million with Algeria)
investments
Investments
  • 2008: amongst the top 20 investors in Africa
  • Private sector:
    • Taking expertise and know-how to the continent
  • Strategic sectors:
    • Banking
    • Engineering
    • Telecommunication
    • Infrastructure (Royal Air Maroc)
banking attijariwafa bank and bmce
Banking: Attijariwafa Bank and BMCE
  • Firsttwomoroccangroupsoninternationalmarkets.
  • Attijariwafa Bank:
    • PresentinTunisia, Senegal (66,67% of Senegalo-tunisian Bank), Mali (51% of International Bank of Mali – 60 millionEuros)
    • GNP of thebank’ssubsidiariesin Western Africa: 1,47 billion DH, CentralAfrica: 539 million DH
    • 2009: took over 5 subsidiaries of Credit agricole: Congo, IvoryCoast, Cameroon, Gabon, Senegal, othersinplan: Burkina, Togo, Niger, Equatorial Guinea
    • 2010 April 29-30th, Casablanca
  • BMCE – BanqueMarocaine du CommerceExterieur:
    • Presentinabout 12 Africancountries
    • SubsidiaryinSenegal (BMCE Capital Dakar) loans 50 millionEurostothe port of Dakar.
    • 2007: acquisition of upto 35% of capitalofthe Bank of Africa (BOA)
    • 2008: received 70 million euro supportfromthe IFC (International FinanceCooperation)
    • International subsidiaries: 8,5% of net turnoverin 2008 – 74 millioneuros
    • Outside BOA, operatesinCongo-Brazzaville, Cameroon, Senegal and Tunisia
infrastructure somagec groupe ccgt
Infrastructure: SOMAGEC, Groupe CCGT
  • SOMAGEC (SociétéMaghrébine de Génie Civil ):
    • Leadingbuilder of harbour and maritimeinfrastructureinMorocco, making a turnover of about 138 millionEurosin 2008.
    • Equatorial Guinea:
      • Subsidiary SOMAGEC GE
      • 2 500 employees
      • Builtportsin Malabo, Kogo and Annobón
      • Drinkingwaternetworkin Bata
      • Inthreeyears: 1,3 billionEuros
    • 2006: invitationtoapplyfor building the port of Dakar inSenegal
  • Groupe CCGT (Consortium des CanalisationdesGranulats et des Travaux):
    • Presentin Guinea for 12 years, Sierra-Leone aswellas Guinea-Bissau
    • Guinea: 70 million DH, agriculturalarea of 724 ha
    • Senegal: construction of a 230 km road
conclusion
Conclusion
  • Africa: alternative market to the european
  • Despite marked improvements in the past decade, only 5% of Morocco’s export goes to Africa
  • Still alot of potential:
    • Improved political stability
    • Economic transparency
    • Rise of purchasing power
  • Exemplary behaviour
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