Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Mid-cap, small-cap mutual fund AUM jumps to ₹8.26 lakh crore, clocking up to 40% CAGR in 5 years; SIP inflows rise 15% YoY amid volatility
    • Consumption funds: Hold if you can withstand volatility, invest for 5 yrs | Personal Finance
    • Specialised Investment Funds face first real stress test in volatile markets, deliver mixed early returns
    • Bank of Maharashtra Pays ₹8 Crore Interest on Basel III Tier II Bonds
    • Asian Stocks, Government Bonds Fall as Middle East Conflict Escalates
    • 3 ETFs Built for the Volatile Market We’re Seeing in March 2026
    • SEBI formalises same-day borrowing for mutual funds; AMC to bear cost
    • Key Takeaways from SEBI’s Consultation Paper on Nomination for Shares and Mutual Funds
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Investments»France, Morocco announce major investments as Macron visits Rabat 
    Investments

    France, Morocco announce major investments as Macron visits Rabat 

    October 28, 2024


    RABAT, Morocco — 

    Morocco’s King Mohammed VI welcomed French President Emmanuel Macron to Morocco on Monday, kicking off a state visit with a series of bilateral agreements, including major investments in renewable energy and transportation.

    Macron’s trip to Morocco — his first in six years — comes as immigrants, including North Africans, face continued scrutiny in France and while France reassesses its role in its former colonies throughout Africa. Morocco has historically been a key economic and security partner, but relations between the two countries have often been fragile.

    Among the objectives of Macron’s visit, the Elysee Palace said, is “to rebuild the exceptional partnership that links our two countries.”

    French and Moroccan flags on Monday flew throughout the capital, where crowds lined the streets to watch the motorcade containing Macron, his wife and members of Morocco’s royal family drive to one of their palaces.

    Macron and Mohammed VI, who used a cane to walk, later oversaw a ceremonial signing of 22 agreements to facilitate future investments as well as cultural and scientific partnerships. The investments are worth a total of 10 billion euros and include expanding Morocco’s high-speed rail line southward to Marrakech, which the country hopes to complete before it holds events for the FIFA World Cup in 2030.

    Also included were plans to develop green hydrogen, wind farms and water projects, which Morocco has identified as needed to help insulate the country from the effects of climate change.

    In the days leading up to the visit, Moroccan publications lauded the “warm reunion” and a “new honeymoon” between the two countries.

    Warmer ties

    Macron changed France’s long-standing public position and backed Morocco’s autonomy plan for the disputed Western Sahara. Doing so endeared France to Morocco but alienated it from Algeria, which hosts refugee camps governed by the pro-independence Polisario Front and considers Morocco an occupying power.

    France and Morocco have historically partnered on issues ranging from counterterrorism to migration. Morocco is the top destination for French investment in Africa and France is Morocco’s top trade partner. Morocco imports French cereals, weapons and renewable energy infrastructure, like turbines. France imports goods from Morocco including tomatoes, cars and airplane parts.

    Moroccans are among the largest foreign-born communities in France, where North African immigrants are a key political constituency and a focal point of debates about the roles of Islam and immigration in French society.

    Interior Minister Bruno Retailleau, a member of the French delegation in Morocco this week, has pushed for the country to take a hard-line approach toward immigration and seek deals with countries like Morocco to better prevent would-be migrants from crossing into Europe.

    On Macron’s last visit to Morocco, he and King Mohammed VI inaugurated Al Boraq, Africa’s first high-speed rail line, made possible by French financing and trains manufactured by the French firm Alstrom. The rail line currently functions from central to northern Morocco, running from Kenitra to Tangiers. The extension will more than double its length.

    Despite close ties, relations have at times been fragile between France and Morocco, which was a French protectorate from 1912 to 1956. In 2021, Morocco suspended consular relations after France momentarily reduced the number of visas offered to Moroccans in protest of its refusal to provide documents needed to deport people who migrated to France without authorization. France later reversed the decision.

    Relations between the two countries soured further that year, when a 2021 report revealed Morocco’s security services had used Israeli spyware to infiltrate the devices of activists and politicians, including Macron. Morocco denied and sued over the allegations.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Investing in Alternative Assets: A Comprehensive Guide

    March 20, 2026

    Old Mutual Investments appoints board chair and COO

    March 20, 2026

    UK’s best and cheapest investment platforms revealed

    March 16, 2026
    Leave A Reply Cancel Reply

    Top Posts

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023

    Consumption funds: Hold if you can withstand volatility, invest for 5 yrs | Personal Finance

    March 23, 2026
    Don't Miss
    Mutual Funds

    Mid-cap, small-cap mutual fund AUM jumps to ₹8.26 lakh crore, clocking up to 40% CAGR in 5 years; SIP inflows rise 15% YoY amid volatility

    March 23, 2026

    India’s mid- and small-cap mutual fund segments have seen a sharp expansion in assets over…

    Consumption funds: Hold if you can withstand volatility, invest for 5 yrs | Personal Finance

    March 23, 2026

    Specialised Investment Funds face first real stress test in volatile markets, deliver mixed early returns

    March 23, 2026

    Bank of Maharashtra Pays ₹8 Crore Interest on Basel III Tier II Bonds

    March 23, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Nippon Active Value Fund et Dalton Investments portent leur participation conjointe dans Stella Chemifa Corp à 21,13 %

    June 19, 2025

    Fresh Investments In Public And Private Projects Grew 25 Pc In FY25

    May 3, 2025

    Indonesia’s HM Sampoerna Acquires Rp500 Billion in Patriot Bonds

    October 23, 2025
    Our Picks

    Mid-cap, small-cap mutual fund AUM jumps to ₹8.26 lakh crore, clocking up to 40% CAGR in 5 years; SIP inflows rise 15% YoY amid volatility

    March 23, 2026

    Consumption funds: Hold if you can withstand volatility, invest for 5 yrs | Personal Finance

    March 23, 2026

    Specialised Investment Funds face first real stress test in volatile markets, deliver mixed early returns

    March 23, 2026
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    ₹10,000 monthly SIP in this mutual fund has grown to ₹1.52 crore in 22 years

    September 17, 2025
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.