Kano State Government is set to sign a series of landmark investment Memoranda of Understanding (MoUs) with Morocco, focusing on renewable energy, agriculture, and commerce, as part of its aggressive drive to reposition the state’s economy.
This was contained in a statement issued and signed by the state government’s spokesperson Sunusi Bature Dawakin Tofa. The statement revealed that the state government with the Casablanca Chamber of Commerce which serves as one of Africa’s leading private sector platforms have made a move to collaborate with the State in areas of renewable energy and solid minerals development.
This partnership according to the statement is expected to boost the state’s economy with projections of attracting up to $10 billion in investments over the next five years.
This development follows a high-level investment mission to Morocco led by the Executive Governor of Kano State, Alhaji Abba Kabir Yusuf.
The delegation held strategic meetings with key Moroccan institutions including the Ministry of Energy Transition and Sustainable Development, the Moroccan Agency for Sustainable Energy (MASEN), the Moroccan Agency for Africa (OCP Africa), and the Casablanca Chamber of Commerce.
One of the major outcomes of the visit, as highlighted by the statement, is a proposed partnership with MASEN, which includes technical collaboration to support Kano’s transition to clean energy.
The agreement will also explore areas such as investor identification, financing models, and cutting-edge technologies for energy storage and efficient distribution, particularly for industrial use in Kano.
