DR ‹ › The Minister of Economy and Finance, Nadia Fettah Alaoui, announced on Tuesday during the oral question session at the House of Councillors that Moroccan investments in Africa reached 5 billion dirhams in 2024. This figure represents 20% of Morocco's total public and private investments abroad, she said in response to a question from the RNI parliamentary group. Fettah Alaoui stressed the importance of Morocco's strategic partnership with the African continent, particularly in the area of food security. She highlighted the key role played by the OCP Group, noting that it has trained more than four million African farmers in the use of fertilizers, helping to address a long-standing structural gap. «Fertilizer use in Africa does not exceed 22 kilograms per hectare, compared with between 140 and 146 kilograms per hectare globally», the minister said. She added that OCP's initiatives have led to a significant increase in fertilizer usage across the continent, with exports rising to 2.8 million tons in 2024, compared to just 0.3 million tons in 2013. The minister also pointed out that Moroccan banks now generate between 15% and 40% of their revenues in Africa, reflecting the growing footprint of Morocco's financial institutions on the continent.
