Casablanca Finance City (CFC) now occupies the 57th financial position in the world in the latest edition of the Global Financial Centers Index (GFCI), thus losing 3 places compared to 2022. However, the financial center still retains its first position in Africa.
According to the 33rd edition of the Global Financial Centers Index (GFCI 33), an index providing assessments of future competitiveness and rankings for 120 financial centers around the world, Casablanca remains the most attractive financial center on the African continent, positioning itself 57th worldwide, ahead of Johannesburg (69th), Cape Town (73rd), Mauritius (81st), Kigali (98th), Nairobi (103rd) and Lagos (109th).
In the Middle East and North Africa (MENA) region, CFC, which is in the category of “international specialists”, ranks behind Dubai (22nd) and Abu Dhabi (35th) and overtakes Doha (64th). In addition, these financial centers have all lost a few places and a few points compared to the 2022 ranking (GFCI 32).
The American financial centers, meanwhile, dominate the top 10 of the world rankings with New York still maintaining its place at the top of the list, San Francisco (5th), Los Angeles (6th), Chicago (8th) and Boston (9th). . The capital Washington DC, for its part, occupied the 11th position.
Alongside the main GFCI index, a FinTech ranking is made. Casablanca has moved from 91st place in 2022 to 87th this year, thus gaining 4 additional positions, arriving in the MENA region behind Dubai (30th), Abu Dhabi (48th), Johannesburg (63rd), Cape Town (66th) and Doha ( 78th).
This 33rd edition reminds us that Casablanca Finance City is an African financial and business center located at the crossroads of continents. It is recognized as the leading financial center in Africa, and partner of the largest financial centers in the world.
CFC has been able to build a strong and thriving community of members across four main categories including financial companies, regional headquarters of multinational corporations, service providers and holding companies.
It should be noted that the China Development Institute (CDI) in Shenzhen and Z/Yen Partners in London collaborate in the production of the GFCI which is updated and published annually in March and September, and is subject to considerable attention from the global financial community.
The index is based on 153 instrumental factors. These quantitative measures are also provided by third parties, including the World Bank, the Economist Intelligence Unit, the OECD and the United Nations.
In addition, the instrumental factors are combined with financial center ratings provided by respondents to the GFCI online questionnaire which used 61,449 ratings from 10,252 respondents. This index represents a valuable reference for policy makers and investors.