Exacerbated by the effects of climate change, the management of water resources represents one of the biggest challenges to guaranteeing food safety. A strategic issue particularly in countries like Morocco, one of the 22 countries with the highest level of water stress in the world, where agriculture accounts for 19% of the national GDP. The medium- to long-term goal is to increase food production while at the same time reducing water consumption.
This is the underlying mission of CMGP, Moroccan leader in the marketing of technologies for irrigation and agricultural management. The company also develops sanitation solutions, pipes for the transportation of water and solar energy systems, bolstering the productivity and sustainability of the sector. Thanks to a wide variety of products and strategic partnerships, also with Italian suppliers, CMGP has strong growth potential.
Its bond with Italy is further strengthened by the presence of CDP among its investors, in this case via the AfricInvest IV private equity fund focused on medium-sized African businesses with excellent development and impact prospects. Since being launched in 2020, AfricInvest IV has raised 411 million dollars with the contribution of numerous Development Finance Institutions.
CDP’s investment of 35 million dollars falls under its international cooperation activities, which include support for governments, multilateral financial institutions, businesses and investment funds.