In a memorandum of understanding, Frankfurt Main Finance e.V. (FMF) and Casablanca Finance City (CFC) agreed on a long-term cooperation. Hubertus Väth, Managing Director of Frankfurt Main Finance and Said Ibrahimi, CEO of Casablanca Finance City Authority, signed the MOU on 11th of June 2018 at the Conference of Montreal.
The agreement focuses on current issues facing the financial industry such as sustainable finance and FinTech industry.
Moreover, the partnership emphasizes the commitment of both financial centres to promote business opportunities in their respective economic regions, namely the Eurozone and Africa. It will also reinforce the efforts from both sides to attract financial institutions, holding companies, multinationals and service providers to Frankfurt and Casablanca.
Additionally, the agreement aims to foster the development of an effective cooperation via joint programs, financial trainings, research activities, workshops, publications and study trips.
Frankfurt Main Finance’s Managing Director Hubertus Väth declared, “We look forward to our future cooperation with CFC to grow the global market for sustainable finance. Casablanca is a young yet leading financial centre in Africa and we ambition to explore several business opportunities as part of this partnership.”
Mr. Said Ibrahimi, CEO of Casablanca Finance City, stated: “We are delighted to sign today this memorandum of understanding with Frankfurt Main Finance, the leading financial centre in the Eurozone. This partnership will undoubtedly reinforce the business cooperation between the Eurozone and Africa in the fields of green/sustainable finance and FinTech.
In the upcoming weeks and months, Frankfurt and Casablanca will be implementing their joint plans and thus, strengthen their positions as leading financial centres.
Frankfurt Main Finance
Frankfurt Main Finance is the voice of the leading financial centre in Germany and the euro zone, Frankfurt am Main. The initiative has more than 50 members including the State of Hesse, the cities of Frankfurt and Eschborn, and dozens of prominent actors in the finance sector. Through their membership and engagement, they all demonstrate their close relationship to Frankfurt and desire to position Frankfurt amongst the top national and international financial centres. Frankfurt Main Finance leverages the influence of its members to advocate for the Financial Centre Frankfurt and provide high-caliber dialogue platforms. For more about Frankfurt Main Finance and its members, please visit www.frankfurt-main-finance.com.
Casablanca Finance City
Casablanca Finance City (CFC) is an African financial and business hub located at the crossroad of continents.
Recognized as the leading financial centre in Africa, and partner of the largest financial centres, CFC has built a strong and thriving community of members across four major categories: financial companies, regional headquarters of multinational companies, service providers and holding companies.
CFC offers its members an attractive value proposition and a premium “Doing Business” support that fosters the deployment of their activities in Africa.
Driven by the ambition to cater to its community, CFC is committed to promoting its members expertise across the continent, while enabling fruitful business and partnership synergies through its networking platform.