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Income hides inequality at Casablanca's finance hub
The Guardian Weekly
|June 13, 2025
For centuries, Casablanca was a significant trading hub for merchants, given its geographical position between Africa, the Middle East and Europe.
These days, Morocco’s economic hub is merging those historical roots with a modern commercial identity. One such manifestation is the Casablanca Finance City (CFC) district, whose high-rise buildings stand as a symbol of the city’s dream of being a main gateway for international investment into Africa. Since the district launched in December 2010, its attractive tax regime has brought in entities from across the globe, and it now hosts 240 companies, accounting for more than 7,000 jobs.
Over the past decade, Moroccan investment across Africa has sharply risen: from $100m in 2014 to $2.8bn in 2024. As of March 2025, it was ranked fourth in the Middle East and Africa region and 56th out of 119 on the Global Financial Centres Index.
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