Morocco to ensure success of Africa50 Fund

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Rabat, Sep 2 (IANS) Morocco will take all necessary measures to ensure the success of the Africa50 Fund, Moroccan Minister of Eco**my and Finance Mohamed Boussaid has said. "In addition to being a seat country, Morocco is planning to play a leading role in securing a good start, successful establishment and operation of the Africa 50 fund", he told a mission of the African Development Bank visiting Morocco to kick-start the inception of the legal formalities of the Fund which will be headquartered at the "Casablanca Finance City". The Fund aims at mobilising private financing to accelerate the speed of infrastructure delivery in Africa, thereby creating a new platform for Africa's growth.

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