Casablanca Finance City
Casablanca Finance City
القطب المالي للدار البيضاء | |
|---|---|
 Casablanca Finance City (2023) | |
  Casablanca Finance City Location in Greater Casablanca | |
| Coordinates: 33°33′25″N 7°39′38″W / 33.5569°N 7.6606°W | |
| Country |  Morocco |
| Region | Casablanca-Settat |
| City | Casablanca |
| Established | 2010 |
| Government | |
| • Body | Casablanca Finance City Authority |
| Website | casablancafinancecity.com |
Casablanca Finance City (CFC; Arabic: القطب المالي للدار البيضاء) is a financial and business center located in Casablanca, Morocco. It serves as a regional hub for financial institutions, multinational corporations, and professional service firms operating in Africa.[1]
CFC is listed in the Global Financial Centres Index and has consistently ranked as the leading financial center in Africa and among the top financial hubs globally.[2]
Overview
CFC was established by Law No. 44-10 in December 2010. The law introduced the "CFC Status," which grants specific financial and regulatory advantages to companies operating from the center. The Casablanca Finance City Authority (CFCA), a public entity, oversees its management and promotion.[3]
The CFC compound is located on the site of the former Casablanca–Anfa Airport, which has been redeveloped into a modern business district. The area includes office towers, residential units, hotels, and related infrastructure.[4]
Rankings
Casablanca Finance City joined the Global Financial Centres Index (GFCI) in 2014. In the GFCI 19 report (April 2016), CFC was ranked first in Africa and 33rd globally.[5] CFC has consistently maintained its position as the top financial center in Africa. As of 2025, it remained ahead of other regional centers such as Johannesburg, Nairobi, Mauritius, and Kigali.[2]
Membership
By the end of 2015, over 100 companies had obtained CFC Status. As of 2024, this number exceeded 200, including international banks, law firms, multinational headquarters, and investment funds. These companies operate across various African markets using Casablanca as a base for regional coordination.[6]
References
- ^ Egbejule, Eromo (2025-06-03). "High-rise, high expectations: is Casablanca's finance hub a model for African development?". The Guardian. ISSN 0261-3077. Retrieved 2025-08-04.
- ^ a b "The Global Financial Centres Index 37" (PDF). longfinance.net. March 2025.
- ^ "Promulgated Law relating to the Casablanca Finance City Status". UN Trade & Development. 13 Dec 2010.
- ^ Oukerzaz, Hicham (2025-07-30). "CFC : le pari royal d'un hub africain à succès". Hespress Français (in French). Retrieved 2025-08-04.
- ^ "GFCI ranking 2016". Archived from the original on 2016-04-08. Retrieved 2016-04-05.
- ^ "Voluntary Carbon Market: Casablanca Finance City and CDG forge a Strategic Partnership". Archived from the original on 2025-04-27. Retrieved 2025-08-04.
External links
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