Rabat – The two partnership agreements signed on Monday in Rabat by Bpifrance with OCP and the Mohammed VI Fund for Investment will promote French-Moroccan cooperation, Bpifrance’s Director of International and European Affairs Isabelle Bébéar stressed.

These agreements ‘will enable us to implement mechanisms aimed at accelerating’ this cooperation, she told MAP, following the signing ceremony of several agreements between the Kingdom of Morocco and the French Republic, chaired by HM King Mohammed VI and French President Emmanuel Macron.

It is also a cooperation framework for ‘jointly investing in Morocco and Africa’, she said.

A Memorandum of Understanding (MoU) on the creation of a Morocco-France investment accelerator was signed by the Managing Director of the Mohammed VI Fund for Investment, Mohamed Benchaaboun, the Chief Executive Officer of the French Development Agency (AFD), Rémy Rioux, the Chief Executive Officer of STOA, Marie-Laure Mazaud, and Bpifrance’s Director of International and European A
ffairs, Isabelle Bebear.

It is an MoU of around 3 billion dirhams for the creation of a Morocco-France investment accelerator.

The second MoU between OCP Group and the French Development Agency (AFD) in decarbonization was signed by OCP Group’s CEO Mostafa Terrab, AFD’s CEO Rémy Rioux and Bpifrance’s Director of International and European Affairs Isabelle Bebear.

Worth pound 350 million, the agreement provides for supporting the OCP Group’s decarbonization strategy in Morocco, supporting the development of agricultural and food value chains in Africa via support for OCP’s “Agrifinance” Platform, supporting and intensifying partnerships between French companies and the OCP Group, and supporting training and research in food security.

Source: Agence Marocaine De Presse