Morocco-DRC: Memorandum of understanding on public portfolio management | APAnews

Morocco-DRC: Memorandum of understanding on public portfolio management | APAnews
Morocco-DRC: Memorandum of understanding on public portfolio management | APAnews

The agreement aims to modernize governance and improve the performance of public enterprises through the sharing of expertise between countries.

A high-level delegation from the Ministry of Portfolio of the Democratic Republic of Congo (DRC) stayed in Rabat from December 24 to 26, culminating in the signing of a memorandum of understanding with the National Agency for the Strategic Management of Equity Investments. the State (ANGSPE) of Morocco.

The Congolese delegation, led by the Director of Cabinet Youyou Baende Bofota and accompanied by Bodom Matungulu, President of the think tank “RDC STRATEGIE”, met the Director General of ANGSPE, Abdellatif Zaghnoun to exchange his expertise on the management of the heritage of the State.Moroccan cuisine.

During the inaugural meeting, Mr. Zaghnoun stressed that this visit lays the foundations for future cooperation between ANGSPE and the Ministry of Portfolio of the DRC, thus extending Morocco’s existing partnerships with other African nations.

Baende Bofota noted that the mission aligns with the implementation of the recommendations of the Estates General of the State Portfolio recently held in the DRC.

The three-day visit was marked by technical workshops focusing on the implementation of the reform of the public enterprise sector in Morocco since the creation of ANGSPE, the governance of public enterprises and the objectives of the shareholder policy of the ‘State.

The Congolese delegation discussed with its Moroccan counterparts other crucial subjects, notably the reform of the privatization framework, the transformation of public establishments into public limited companies, the consolidation of the State’s shareholder accounts, the challenges of the shareholder policy of the State and human resources management.Moroccan cuisine

The memorandum of understanding, which will be transmitted to the DRC portfolio minister, describes the intention of both parties to strengthen cooperation by deepening existing areas of exchange and identifying concrete actions to develop lasting relations.

The visit concluded with a presentation of the main recommendations resulting from the various workshops organized by the two parties, thus marking a step towards strengthened collaboration in the management of the public portfolio between the two nations.

The agreement represents a strategic move to modernize governance and improve the performance of public enterprises in both countries through shared expertise and collaborative initiatives.

MK/ac/APA

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