During the Africa Financial Summit (AFIS) 2024, organized in the Moroccan economic capital this Monday, Mohamed El Kettani, CEO of the Attijariwafa bank group, pleaded for a major transformation of the African banking landscape.
During this forum bringing together more than 1,000 financial, political decision-makers and experts, he highlighted the urgency of an integrated cross-border payment system, capable of supporting the continent’s economic and climate ambitions.
Recalling the historical example of SWIFT, El Kettani stressed that “Africa must draw inspiration from proven models while capitalizing on the opportunities offered by fintechs and modern technologies.” This vision is part of the African Continental Free Trade Area (Zlecaf), which he describes as a “powerful lever of integration”. The event, held under the theme “The time of African financial powers has come”, also highlighted the need to overcome the obstacles linked to the monetary and economic fragmentation of the continent.
For El Kettani, “thinking in coherent regional blocks” is an essential step to structure a stable and inclusive macroeconomic framework, thus guaranteeing sustainable development for Africa.
Morocco
