Assahafa.com
The Africa Financial Summit (AFIS), whose 5th edition will be held on November 3–4, in Casablanca, is establishing itself as a strategic platform to overcome the fragmentation of the African financial sector, said Olivier Noël, Secretary General of the summit, on Tuesday in Casablanca.
Noël, representing Amir Ben Yahmed, Chairman of the Jeune Afrique Media Group and CEO of AFIS, noted during a press conference launching AFIS 2025, the summit aims to serve as an annual platform where private sector decision-makers and regulators can meet in a relatively flexible format.
Launched in 2021 by the Jeune Afrique Media Group and the International Finance Corporation (IFC), AFIS has already proven its effectiveness with the 2024 edition, which brought together 1,200 high-level participants, Noël said, highlighting the importance of macroeconomic topics in the current context, marked by major tariff and macroeconomic shocks.
He also stressed the need to develop African financial sovereignty through the mobilization of local savings, pension funds, and capital markets via regional and intercontinental platforms rather than national ones.
For his part, David Tinel, IFC’s regional representative for the Maghreb, emphasized Morocco’s strategic role in the development of the African financial industry.
He further noted that the IFC considers Morocco a preferred platform for discussing financing challenges in value chains and the transformation of continental financial systems.
The choice of Casablanca to host AFIS 2025 reflects the international recognition of Morocco’s positioning within the African financial ecosystem, Tinel added.
Source: map
