© Z/Yen Group 2020

Global Financial Centres 2020

Focus On Casablanca

Financial Centre Futures

4 June 2020

@ZyenLF

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With Thanks To Our Sponsors

© Z/Yen Group 2020

Focus On Casablanca

Professor Michael Mainelli

Executive Chairman

Z/Yen Group

Mr Saïd Ibrahimi

CEO

Casablanca Finance City

Mrs Manal Bernoussi

Director of Strategy, Partnerships &

Communications

Casablanca Finance City

Casablanca Finance CityYour business catalyst in Africa

Africa’s potential

$ 2.35 trillionAfrica’s collective GDP in 2018

Roughly equal to Brazil

$ 29 trillionAfrica’s collective GDP

in 2050

Among the world’s top tenfastest growing economies,

6 are in Africa

24 Countries in Africa willgrow at a CAGR* of 5%

or above by 2030

$ 130-170 billion / year in financingfor energy, water, ICT and

transport by 2025

$ 5.6 trillion in businessopportunities in Africa

by 2025

600 million unique mobile subscribers in Africa

Internet is expected to generate10% of Africa's GDP by 2025

x12

Source: World Bank, 2018 Source: The Fastest Billion,

Charles Robertson

Source: World Economic Forum, 2019 Source: E&Y, Africa 2030:

Realizing the possibilities

Source: AFDB, 2018 Source: Mc Kinsey

Source: GSMA, 2020 Source: McKinsey Global Institute,

Lions on the move II

* Average annual growth rate

Eritrea

Liberia Togo

Somalia

Guinea BissauGambia

Sierra Leone

Namibia

Malawi

Zimbabwe

South Africa

Zambia

Angola

Tunisia

Algeria

Chad

Niger

CAR

DemocraticRepublic

of the Congo

Nigeria

Mali

Cameroon

Guinea

Ivory Coast

Benin

Gabon

Burkina Faso

Ghana

GuineaEquatorial

RwandaBurundi

Sudan

Ethiopia

Uganda

EgyptLibya

Congo

Tanzania

Botswana

Madagascar

Senegal

Mauritania

Kenya

Morocco

Mozambique

South Sudan

Still a complex & fragmented continent

54 countries

Diverse legal & regulatoryframeworks

Small-sized economies and markets

Complicated environment withseveral challenges

(political, doing business…)

Obvious need for entry points / financial centers to accessAfrica’s untapped potential and mitigate complexity & risks

Morocco, a privileged entry point to Africa

Political stability

Privileged geographicallocation

Solid economicfundamentals

Infrastructure

Connectivity

Africa focused

Morocco,the ideal

investmentplatform for

Africa

Casablanca Finance CityAfrica’s leading business and

financial center, which builds on

Morocco’s strategic assets to offer a

privileged framework that helps

catalyse your business in Africa

4

CFC’s value proposition

2Community

3Africa Insights

1Doing Business

4

Doing Business: streamlined processes

Fast-track administrative process

An accelerated administrative procedure for company setup formalities within 48 hours

Simplified procedures for « business » visas, foreign employmentcontracts, and residency permits

Facilitating people flow and exchange control

Facilities for hiring foreign employees

No exchange control on foreign currencies

Unrestricted transfer of management and technical assistance fees within

the group

Casablanca International Mediation & Arbitration Center (CIMAC)

Accelerated procedure

Independent body

Experienced and world renowned members

Operating in 4 languages: English, Arabic, Spanish and French

4

CFC Community

To be eligible, you must justify a regional vocation

Financial institutions

Professional services

Regional headquarters of multinationals

● Investment banking / corporate banking● Asset management / private equity● Private banking● Insurance / reinsurance● Investment services providers

Holdings

● Specialised financial services (financial rating, research, market data provision...)

● Strategic, legal, financial and fiscal consulting services, audit, actuaries, HR services

● Financial offshoring

Investment vehicles into African projects

Centres de décision financiers et non financiers assurant une activité de supervision et de coordination des activités exercées par le groupe dans un ou plusieurs pays étrangers.

BANKING & INSURANCE

CONSULTING & LAW FIRMS

ASSET MANAGEMENT & PRIVATE EQUITY

OTHER MULTINATIONAL CORPORATIONS

~ 200 companies with CFC status

List not complete

4

CFC Community: strong presence in AfricaCFC companies are operating from Casablanca in 48 African countries

4

Africa insights

Through its ‘Africa Insights’ segment, CFC identifies the need for information and shares insights that

benefit its community and helps them comprehend the diversity of Africa.

Key contacts from African investmentpromotion agencies, opportunities to

meet face-to-face

African data throughsectorial reports

African countryfactsheets

Tax incentives

Corporate Tax Personal Income tax

All CFC employees have the choice between:

Option 1 : 20% Flat rate on personal income taxfor employees during the first 10 years after arrival

&

Option 2 : Standard taxation from the 1st year

Exemption from registration fees on:

Company set-up Capital increase

+

Net taxable profits from local and foreign sources:

First 5 years : 0% After 5 years : 15%

Exemption from withholding tax on dividends distributed to residents and non-residents

CFC’s network of international partners

13 Partnerships with international finance

centers

19 South-South partnerships

Togo

Zambia

Niger

Nigeria

Mali

Cameroon

Guinea

Ivory Coast

Gabon

Ghana

Congo

Tanzania

Rwanda

Madagascar

Senegal

Casablanca

Mauritius

Montreal

London

Luxembourg

Frankfurt

ParisAstana

Abu Dhabi

BeijingBusan

Shanghai

Singapore

BurkinaFaso

TorontoBarcelo

na

Building up a green finance

ecosystem

• Setup a dedicated green

finance value proposition

• Attract major players from the

green & sustainable finance

industry (funds, consulting

firms, rating agencies…)

• Massify green investment flows

to Africa’s untapped

opportunities

17

International Partnerships

• International networks for

sustainability

Capacity building & Awareness

• Seminars & conferences

• Technical workshops

• Working groups

1 2 3

CFC’s ambition as a green financial center for Africa

18

Sustainable Finance RoadmapIn partnership with major Moroccan financial

sector’s stakeholders

1 International CooperationPlatform for exchanging expertise & best practices within African financial centers

2

Green Bonds Issuance355 M Dhs to finance the environmentally

friendly real estate program

4

Promotion & AwarenessIn Morocco & internationally

6

Seminars & Working Groups-Green incentives, Assessment Program

-Regional launch of UNEP FI Positive Impact Principles

3

Capacity Building Events & Conferences

5

Africa

Some green finance initiatives

4

Casablanca Finance City in numbers

1ST

CFC labelled companies African countries coveredby CFC companies

South-South partnershipsPartnerships with international

financial centers

Financial center in Africa(GFCI, 2020)

48~200

1ST 13 19Green financial center in Africa

and the Middle East (GGFI, 2020)

Tel : +212 5 20 30 03 80/81

www.casablancafinancecity.com

contact@cfca.ma

Allée des abricotiers, Quartier Hippodrome

Casablanca, Maroc – 20000

Twitter : @CasaFinanceCity

Linkdin : Casablanca Finance City

Tour CFC, Lot 57, Quartier Casa-

Anfa, Hay Hassani

Casablanca – Morocco

+212 529 05 62 34

© Z/Yen Group 2020

Casablanca – An External View

African Centres In The GFCI

♦Consistent improvement in ratings

♦Well-connected with major centres, including Dubai, London, New York

© Z/Yen Group 2020

Casablanca – An External View

African Centres In The GGFI

Green Finance Depth Green Finance Quality

♦Clear leader on green finance in Africa

♦Recognised strength and commitment

© Z/Yen Group 2020

♦Leading financial centre in Africa

♦Leadership through collaboration, e.g., active membership of the WAIFC and FC4S

♦Commitment to and leadership on green finance –high performance on energy sustainability and CO2 emissions and has a sustainable element in its stock exchange

♦Performing well internationally on country risk and inflation

♦Scores high for business process outsourcing – a trusted place to do business

Casablanca Strengths

© Z/Yen Group 2020

Casablanca For The Future

♦Potential to become the recognised gateway to Africa for international investment

♦Building collaboration, partnership and trade finance

♦Recognised centre for mediation and arbitration in Africa

♦Continued emphasis on green finance and green investment

♦Growing market for Islamic finance and Fintech

© Z/Yen Group 2020

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