“This relationship is a sign of a long-term commitment, reflecting a constant presence built over time and anchored in structuring and strategic sectors for the economies of both countries (Banking and Insurance, Construction Materials, Mining, Agricultural Inputs, Health and Pharmaceuticals, Real Estate and Public Works),” Mr. Akhannouch said at the opening of an economic meeting held on the sidelines of the 15th Morocco–Senegal Joint High Commission, in the presence of the Prime Minister of the Republic of Senegal, Ousmane Sonko.
Senegal is, for Moroccan companies, a natural gateway to West Africa. But it is above all a major partner on the continent: over the first ten months of 2025, trade exchanges between the two countries approached 300 million dollars, he noted, adding that Morocco has invested more than 540 million dollars in Senegal.
“Thanks to the Strategic Vision of His Majesty King Mohammed VI, Morocco has become, in less than fifteen years, the leading African investor in West Africa and the second across the entire continent,” Mr. Akhannouch said.
This presence is based on Moroccan companies capable of operating, investing and engaging in sustainable and mutually beneficial partnerships with their African counterparts, the Head of Government stressed, expressing the Kingdom’s ambition to strengthen exchanges and contribute to deeper, pragmatic economic integration oriented toward competitiveness and job creation.
“And it is in this spirit that we also view the major dynamics of the continent, particularly the African Continental Free Trade Area (AfCFTA), which carries a clear ambition: to facilitate trade, encourage investment, and enable our companies to produce more in Africa, for Africa and with Africa,” he added.
The Morocco–Senegal partnership can be a driving force for this dynamic, because it links two stable countries, open and fully action-oriented, Mr. Akhannouch said.
He also indicated that Morocco is investing to strengthen its airport platforms, road and logistics corridors, and port capacities, noting that along the Atlantic coast, the rise of the axis toward Dakhla (with the expressway and the future Dakhla Atlantic Port) positions the Kingdom as a platform focused on logistics, industry, the maritime economy and exports.
This ambition falls within the framework of the Royal Initiative in favor of Atlantic African countries and the project to open up landlocked Sahel countries, which make access to the sea, connectivity and trade corridors levers for economic development and shared prosperity, Mr. Akhannouch noted.
Within this architecture, Senegal occupies a central and privileged place in the African Vision of His Majesty the King, he emphasized.
On this occasion, he also stressed the importance of revitalizing the Economic Impulse Group, established in 2015, in order to better structure and further boost Morocco–Senegal economic partnership relations.
Initiated by the General Confederation of Moroccan Enterprises (CGEM), in partnership with the Moroccan Agency for Investment and Export Development (AMDIE), the Senegalese Investment Promotion and Major Works Agency (APIX) and the Senegalese Employers’ Council, this meeting was attended by ministers, economic operators, business leaders and institutional stakeholders from both Morocco and Senegal.
Editorial team/le7tv