Ryad Mezzour, Morocco's Minister of Industry and Trade, emphasized that trust and long-term investment are essential to transform Africa's potential into sustainable growth. Speaking at a recent economic forum, Mezzour highlighted the need for stable partnerships and infrastructure development to attract foreign capital.
According to verified reports, Mezzour stated that Africa's young population and natural resources offer significant opportunities, but require consistent policies and mutual trust between investors and governments. He cited Morocco's experience in renewable energy and automotive manufacturing as examples of successful long-term strategies.
The minister also noted that regional integration and improved logistics are critical to reducing costs and boosting intra-African trade. He called for more public-private partnerships to finance large-scale projects in energy, transport, and digital infrastructure.
Mezzour's remarks align with broader African Union goals to increase industrialization and create jobs for the continent's growing workforce. The World Bank estimates that Africa needs to invest $130-170 billion annually in infrastructure to close the gap and sustain growth.
