MoU signed to establish Morocco-Mozambique Business Council

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MoU signed to establish Morocco-Mozambique Business Council

3:14 CAT | 22 Jul 2022

President of the Moroccan Employers’ Association (CGEM), Chakib Alj, and chairman of the Confederation of Economic Associations of Mozambique (CTA), Agostinho Zacarias Vuma, signed on Wednesday in Marrakech during the 14th edition of the US-Africa Business Summit, a memorandum of understanding (MoU) for the establishment of the Morocco-Mozambique Business Council.

This Council will have the mission to create synergies and channels of communication between Moroccan and Mozambican companies, promote the exchange of expertise and know-how and encourage investment and co-investment in sectors of common interest, which will be identified, said the CGEM in a statement.

It also aims to support businesses, including very small, small and medium enterprises (SMEs), to succeed in their establishment and development internationally, added the same source.

The conclusion of this agreement, signed on the sidelines of the US-Africa Business Summit, is a new step in strengthening economic cooperation between the private sectors of Morocco and Mozambique, said the CGEM, noting that it also provides for the organization of forums to bring the two business communities closer together for a win-win sustainable partnership.

READ: Mozambique: MozParks at the U.S-Africa Business Summit 2022

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Ce Conseil d’Affaires vise à créer des synergies et des canaux de communication entre les entreprises marocaines 🇲🇦 et mozambicaines 🇲🇿, à promouvoir l’échange de savoir-faire et à favoriser l’investissement et le co-investissement dans les secteurs d’intérêt commun identifiés. pic.twitter.com/nC6tqvEUDT

— CGEM (@CGEM_MA) July 21, 2022

MM. @AljChakib & Agostinho Zacarias Vuma, Pdt de la Confederation of Economic Associations of Mozambique (CTA), ont signé, hier à #Marrakech, lors du US-Africa Business Summit, un mémorandum d’entente pour la mise en place du Conseil d’Affaires Maroc-Mozambique. #AfricaBizSummit pic.twitter.com/PJYgwyaTEn

— CGEM (@CGEM_MA) July 21, 2022

“من صنع في أفريقيا إلى صنع مع أفريقيا” محور المائدة المستديرة المنعقدة مع الاتحاد العام لمقاولات المغرب ومجموعة من الفاعلين الاقتصاديين. #AfricaBizSummit TableRonde:« du MadeinAfrica au Made w/ Africa » avec la @CGEM_MA et plusieurs acteurs économiques @AljChakib @CorpCnclAfrica pic.twitter.com/tgGuMGjuqN

— Ministère de l’Industrie et du Commerce (@mcinetgov_ma) July 20, 2022

Source: Moroccan News Agency MAP