فاس نيوز ميديا جريدة الكترونية جهوية تعنى بشؤون و أخبار جهة فاس مكناس – متجددة على مدار الساعة
OUAGADOUGOU (Burkina Faso) – In a move reflecting Morocco’s commitment to enhancing its economic ties with African nations, Moroccan group CIMAF has inaugurated a new industrial unit in the Burkinabe capital, Ouagadougou.
The inauguration ceremony was attended by Anas Sefrioui, Chairman and CEO of CIMAF Group, and the President of Burkina Faso, underscoring the importance of this project for both countries.
This opening comes as part of Morocco’s “win-win” strategy in its relations with African countries, aimed at creating mutual investment opportunities and promoting economic development across the continent.
The step is part of Morocco’s growing economic expansion in Africa, as Moroccan companies seek to establish a strong presence in promising African markets.
The new factory is expected to create job opportunities for local residents, boost industry in Burkina Faso, and strengthen economic relations between Morocco and West African countries.
This move confirms Morocco’s growing role as an important economic partner in the African continent and reflects the kingdom’s vision in supporting sustainable development and economic cooperation among African countries.
The establishment of this new industrial unit by CIMAF in Ouagadougou’s industrial zone marks a new phase in Morocco’s economic engagement with Africa. It demonstrates the kingdom’s commitment to fostering mutually beneficial partnerships and contributing to the industrial development of its African partners.
This investment is likely to not only boost local manufacturing capabilities but also facilitate technology transfer and knowledge sharing between Morocco and Burkina Faso. It serves as a testament to the increasing south-south cooperation within the African continent, with Morocco playing a pivotal role in this economic dynamics.
As Morocco continues to expand its economic footprint across Africa, such initiatives are expected to pave the way for more comprehensive economic integration and shared prosperity among African nations.
