Casablanca & Toronto Finance Centers Foster Global Financial Services Collaboration

Casablanca Finance City (CFC) and Toronto Finance International (TFI) signed, Thursday in Toronto, a Memorandum of Understanding (MoU) to promote their cooperation and facilitate increased access to the two financial centers.

The partnership agreement will also provide a platform to promote best practices in the areas of green finance and green infrastructure and share information and expertise to help enable cooperation between the two financial centers in areas such as joint professional financial educational and training programs, research, workshops and other activities, the CFC and TFI said in a press release.

Signed by CFC’s director of Strategy, Marketing and Communications, Manal Bernoussi, and TFI president & CEO, Jennifer Reynolds, the agreement lays the foundation for sustainable cooperation to promote investment opportunities between Canada, Morocco and Africa.

Manal Bernoussi said, “We are honored to sign this agreement with Toronto Finance International which will enable exploring cooperation opportunities between Canada, Morocco and Africa.”

“This agreement allows Casablanca Finance City to strengthen its partnerships network in North America and further expand its international cooperation. It also confirms CFC’s interest for the North American markets and reciprocally the attractiveness of the African continent for North American investors,” she said.

Jennifer Reynolds welcomed the signing of the agreement, pointing out that “Africa is one of the fastest-growing economic regions in the world with growing trade and investment ties with Canada. Through working with CFC we will facilitate information and expertise exchange to develop new opportunities for greater international cooperation.”

CFC is an African economic and financial hub located at the crossroads of continents.

Recognized as the leading financial center in Africa and a part-ner of the largest international financial centers, CFC has built a strong membership community of finance companies, re-gional headquarters of multinationals, service providers and holding companies.

CFC offers its members an attractive value proposition and quality “doing business” support to promote the deployment of their activities in Africa.

TFI is a public-private partnership between Canada’s three levels of government, the financial services sector and academia. TFI’s mission is to lead collective action that drives the competitiveness and growth of Toronto’s financial sector and establishes its prominence as a leading international financial center.