Telecom

Morocco wants to use digital technology to attract $1bln+ in FDI

Morocco wants to use digital technology to attract $1bln+ in FDI
Thursday, 25 June 2020 18:51

The Moroccan Minister of Digital Economy Moulay Hafid Elalamy (pictured) announced on June 23 that the government wants to make use of digital technology to attract MAD10 billion (about $1.04 billion) in Foreign Direct Investments and create more than 120,000 direct and indirect jobs across the country. This was during his presentation on digital development on the sidelines of a meeting of the National Committee for the Business Environment (CNEA).

According to the official, the aim is to make the country the first regional and continental digital hub; an ambition spurred by the recent digital dynamism stemming from the coronavirus context. He also revealed that his department is currently studying a series of projects to this end.

Moulay Hafid Elalamy stressed that Morocco's renewed investment in the digital sector would involve supporting digital companies, accelerating the digitization of public administrations, improving the governance of the sector and strengthening digital sovereignty.

On the same topic
First fully digital public exam aimed to boost transparency and fairness Technical failures caused major delays and disrupted test conditions Issues...
Government launches Walisé platform to centralize university data Tool includes dashboards, mapping, and project monitoring features Move aims to...
Somalia launches certified cybersecurity training for public ICT professionals to strengthen national data protection. Authorities step up reforms...
Rwanda plans phased shutdown of 2G, 3G networks Shift to 4G, 5G under 2024-2029 digital strategy Transition raises concerns over...
Most Read
01

Firms move beyond payments toward integrated SME platforms Services include invoicing, inve...

African fintechs are moving beyond payments - and into business operations
02

The BCEAO now allows UEMOA citizens abroad to open CFA franc accounts under the same conditions as...

West Africa Targets Diaspora Funds With New Banking Access Rules
03

Novo Nordisk cuts Wegovy prices in South Africa amid competition Move targets rival Eli Lil...

Drugmakers ramp up competition in South Africa’s obesity treatment market
04

ECOWAS, Energy China discuss regional power infrastructure cooperation Talks cover $36.3...

ECOWAS, China Discuss Cooperation on West Africa Power Projects Under $36.39B Plan
05

First investor town hall since 2021 signals renewed engagement with markets Authorities hi...

Ghana restarts investor engagement as macro recovery firms after default
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.