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Monday, January 30, 2023

Marrakech: FCEM President Calls Morocco Africa’s ‘Reference’ in Green Economy

The Kingdom of Morocco is a reference in terms of green economy on the African continent, said Thursday in Marrakech, the world president of Women Entrepreneurs Worldwide (FCEM), Marie-Christine Oghly.

“Through its national charter of sustainable development or its many initiatives to fight against global warming, Morocco cooperates widely with sub-Saharan African countries on issues related to the green economy,” said Oghly in a speech delivered at the 69th World Congress of Women Entrepreneurs (FCEM).

She cited the example of Gabon, where Morocco via its companies export best practices for the economy and development of agricultural water, reducing soil pollution and promoting clean energy in agriculture, but also structuring projects for the processing and development of seafood, especially in a country considered one of the largest consumers of fish in Africa.

Oghly also said that the General Confederation of Moroccan Enterprises (CGEM), following the creation in 2006 of its CSR label, is committed to training the executives of its member companies on the issue of Climate Finance, adding that several associations and think tanks have emerged and aim to raise awareness and the emergence of a culture of Corporate Social Responsibility (CSR) in Morocco.

Green finance has also dominated the activities in Morocco, the European Bank for Reconstruction and Development (EBRD) in 2021, she recalled, noting that green finance represents for the first time more than half of the investments of the said Bank in the Kingdom with 211 million euros devoted to support a dozen projects.

Regarding the 69th Congress of Women Entrepreneurs World (FCEM), Oghly said it is a time for exchange and sharing to advance the collective thinking on the major issues of the moment, but also prospective on the place and role of women entrepreneurship within the economic and social environments of member countries.

“By exchanging our best practices and experiences, we will promote the emergence of new models contributing to a more harmonious development and less impacting the planet,” she said.

She concluded that women entrepreneurs, “by their uniqueness, their practical approach and their determination, will once again be at the forefront of this colossal challenge, undoubtedly the most important that humanity has been facing.”

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