Kingdom of Morocco
Ministry of Foreign Affairs
African Cooperation
and Moroccan Expatriates

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Mr. Jazouli: Opening of 'Prosper Africa' Branch in Rabat Enshrines Royal Vision to Establish Morocco as Hub towards Africa

M. Jazouli: L'ouverture d'une antenne de Prosper Africa à Rabat, une consécration de la vision royale faisant du Maroc un hub vers l'Afrique

Wednesday 23 December 2020

The opening of an office of the US Initiative "Prosper Africa" in Rabat enshrines the vision of His Majesty King Mohammed VI, May God Assist Him, to establish Morocco as a hub towards Africa for several countries, and for the United States, in particular, said Minister Delegate for Foreign Affairs, African Cooperation and Moroccan Expatriates, Mohcine Jazouli.

Commenting on the two cooperation agreements signed Tuesday in Rabat between Morocco and the United States of America, on the occasion of the visit to the Kingdom of a high-level US-Israeli delegation, the minister noted that these are historic agreements mobilizing 5 billion USD to promote investment in Morocco and Africa.

The first part provides for opening a Prosper Africa office, a US initiative launched in 2018 and that brings together 17 US agencies, including major US government departments, in addition to Exim Bank, Overseas Private Investment Corporation, USAID, the Millennium Challenge Corporation, among others.

As for the second part, he said, it is an agreement with the Moroccan government under which the US International Development Finance Corporation (DFC) commits to invest in Morocco the equivalent of 3 billion dollars on major projects.

The last part consists of opening the office of the 2X Women Africa initiative aimed at boosting female entrepreneurship in the MENA region with an envelope of 1 billion dollars, Jazouli explained.