This contribution is part of the support provided by Africa50 to fight against the pandemic, the investment platform said in a release, adding that it has mobilized 8 million DH in order to back the efforts of African countries to curb the spread of the virus and mitigate its impact.

"The Kingdom of Morocco is not only our host country and one of our founding shareholders. It is also an essential partner, since the establishment of our headquarters in Casablanca. It is one of the exemplary African countries in terms of modernizing infrastructure, which is essential for ensuring effective public services, especially in times of crisis,” said Africa50 chief executive Alain Ebobisse, as quoted in the statement.

Ebobisse also commended the measures taken by the Moroccan authorities as part of their proactive management of the crisis in order to stop the spread of the virus and mitigate its social and economic repercussions.

Several public and private companies, national institutions and professions have announced their contributions into the Fund, which is intended to cover the costs of upgrading medical equipment, in terms of suitable infrastructure and additional means to be acquired, urgently, to treat in good conditions people infected with the virus.

It is also dedicated to supporting the national economy through several measures that will be proposed by the government.