Casablanca Finance City (CFC), the top-ranked Moroccan pan-African financial center, has retained its position as a leading African financial center in the Global Financial Centers Index semi-annual rankings (GFCI 34, and 54th position worldwide), according to a report published last week.
CFC boosted its regional rating and ranked third among the Middle East and Africa centers, following Dubai and Abu Dhabi, respectively, thereby reinforcing its stellar reputation in the notably fast-growing and competitive African markets.
Since its inception in 2010, CFC has offered its members an appealing value proposition, including the premium “Doing Business,” which encourages the deployment of their activities in Africa.
CFC has created a robust membership network of over 200 member firms working in more than 70 countries, all with the goal of promoting the Casablanca market.
Casablanca Finance City’s considerable advancement in the GFCI 34 rating comes as Morocco prepares to host the annual meetings of the World Bank Group and the International Monetary Fund (IMF) in Marrakech from October 9 to 15, as it will be the first African country to host this meeting.
Casablanca Finance City (CFC) is an African financial center dedicated to the continent’s development. CFC holds a unique position as Africa’s top financial center and as a partner of the world’s largest international financial hubs. CFC has nearly 200 members, including financial enterprises, regional offices of global corporations, service providers, and holding entities.
The GFCI is a well-recognized standard which analyzes and assesses financial center competitiveness and rankings based on their attractiveness to international financial firms and investors. The GFCI study, released biannually by Z/Yen Group, is the most authoritative analysis of the competitiveness of the world’s main financial hubs.