Welcome to Marrakesh and to our first Bloomberg new economy
gateway Africa, working together, we can drive innovation
and create new jobs, strengthen international relationships and build
a more sustainable and equitable future. The AFC F
T A must enable Africa to establish continental supply chains
without disconnecting from the global economy. Governments need to
ensure just to make sure that they have this capacity
to guarantee the private sector that once they come on
board, I believe 20 to 30 years time will
probably be the most competitive region in the world.
How much are you prepared to invest in this continent
? Tens of billions over what period of time?
Well, I'm opportunity drive, we can build the
cables you need, we can supply green hydrogen.
Let's get going. We need to demonstrate that Africa
is in the driving seat, working with partners but
it is us, Africa has a big potential,
many resources to create conditions for proper growth. Ultimately
, how much governments are able to collect by way
of taxes is about the social contract, everything is
being put together so that we have those creative solutions
put in place. Our mission truly is to explore
and debate and discuss the most critical issues to the
future. You people have the power to make a
significant impact on Africa's future. As his Majesty,
the King Mohammed the sixth one stated as far as
Morocco is concerned, Africa is the future and the
future starts today. So let's unite our shared belief
in Africa because it's Morocco now because it's Africa now
. Thank you very much for your attention and Africa
is not exotic. It's, it's not outside the
world, it's part of the world. So whatever
is going on in the world, Africa is absolutely
a part of it. I believe the government can
play a role in linking it back to what I
am doing on the continent, which is empowering and
supporting and bringing the right investment to the creative and
culture industry, focus on skills development to create that
economic opportunity. Because as we mentioned that that list
of growing sectors is quite broad infrastructure. Today.
If we want to industrialize and drive up infrastructure,
we need energy, you need an effective system,
which is why we are modernizing and expanding our port
infrastructure. That is key. Why Africa now you
look at Africa and you say, wow, it's
exciting. It's young, it's a country where we're
going to have the first digital native generation coming up --> .