Morocco's commitment for Africa’s development has been translated into facts shortly after the country’s independence. Thus in 1960, the Casablanca Conference brought together, under the aegis of the late King Mohammed V, key African leaders, paving the way for the setting up, two years later in Addis Ababa, of the former Organization of African Union (OAU). It is in the context of this commitment and solidarity with the continent that Morocco announced, during the first EU-Africa summit in 2000, its decision to cancel the debts of more than twenty African least developed countries. In 2001, the kingdom joined the Community of Sahel -Saharan States (CEN –SAD.)
Morocco has ever since continued to strengthen its position on the continent through a renewed partnership, the reinforcement of its political relations with a large number of African countries and the implementation of a series of concrete measures in the field of financial assistance and technical cooperation. For instance, in 2012, the Moroccan Agency for International Cooperation increased the number of scholarships to some sub-Saharan countries such as Mali and Niger.
It is also in this context that in April 2011, the Casablanca Stock Exchange participated in the creation of the Association of French-speaking African Stock Exchanges (ABFA), with the main objective to promote the integration of stock markets in French-speaking Africa.
Today, Morocco has many partners throughout Africa and is bound to many states of the continent by agreements covering several sectors, including:
• Non-double taxation agreements: 3 bilateral agreements (Egypt, Senegal and Gabon), 1 multilateral agreement (UMA), 3 agreements in the process of ratification (Burkina Faso, Cameroon and Côte d' Ivoire), 5 agreements about to be signed (South Africa, Central African Republic, Guinea Conakry, Seychelles and Sudan,) and 5 agreements under negotiation;
• Agreements for the Protection and Promotion of Investments: Morocco has signed 17 such agreements with African countries. Seven of these have already entered into force (Gabon, Gambia, Egypt, Libya, Mauritania, Sudan and Tunisia), while the 10 others are in a ratification process (Benin, Côte d' Ivoire, Cameroon, Central African Republic, Cape Verde, Ghana, Guinea, Equatorial Guinea, Senegal and Chad);
• Free Trade Agreements (FTAs): Morocco has signed FTAs with five North African countries. In addition to two major FTA agreements that are being negotiated with UEMOA (the West African Economic and Monetary Union) and CEMAC (the Central African Economic and Monetary Community).
Morocco has also concluded sector-based agreements with the Democratic Republic of Congo (Agriculture,) Angola (tourism, aviation,) Benin (Business Council,) Gabon (health, education...) Senegal (transportation, mining, energy...) or Côte d' Ivoire (investment, tourism fishing...), …