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Overview

Seeds of success: Increasing efficiency and modernising production
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Although it boasts a comparatively diversified economy, Morocco’s primary sector still plays a significant role in terms of job creation, trade, rural development and overall headline GDP. At present, agriculture contributes around 15% of GDP. In 2013 the sector accounted for 39.4% of total jobs and 72.7% of rural jobs. Agricultural goods represent about 12% of the overall value of exports and…

Overview

An attractive choice: Business process outsourcing and offshoring offer major potential
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Information technology (IT) is one of the sectors with significant growth potential in Morocco’s ongoing economic development. Notwithstanding, recent years have seen both substantial growth in the offshoring industry alongside several challenges for the domestic IT sector related to funding and a limited appetite among Moroccan companies to invest in IT infrastructure. A range of public and…

Overview

Signs of encouragement: Infrastructure upgrades and service expansion aids sector prospects
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According to the National Telecommunications Regulatory Agency (Agence Nationale de Réglementation des Télécommunications, ANRT), which regulates the Moroccan telecoms sector, the number of mobile customers grew by 8.73% in 2013, reaching approximately 42.4m. This far exceeded the target set under the government’s “Digital Morocco 2013” strategy, known in French as Maroc Numérique. BY…

Overview

Building credentials: Reform can nurture talent and enhance technical skills
OBG
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The Emergency Plan 2009-12 was launched five years ago to boost schooling levels in the kingdom, enhance the quality of teaching and infrastructure, and improve higher education and scientific research. Budgeted at Dh35bn (€3.1bn), the initiative has channelled substantial funds into the education sector, allowing better infrastructure to facilitate an increase in school enrolment rates. Nevertheless,…

Overview

More for less: Providing care for an ageing population while reducing costs
OBG
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Significant strides have been made in improving health indicators, particularly in terms of maternal and child mortality rates. The Ministry of Health (Ministère de la Santé, MS) launched its 2012-16 action plan with a focus on maternal and child heath care. Moreover, to help Morocco reach the objectives outlined in the Millennium Development Goals (MDG) by 2015, a new national plan was launched…

Overview

Changing regulations: Key points of the Finance Law of 2014
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One of the main features of the Finance Law of 2014 is that it was adopted in a rather particular political, economic and financial situation marked by the necessity to rebalance public finances through progressive reduction of the budget deficit, consolidation of tax resources and progressive reduction of tax exemptions. The tax measures of the Finance Law of 2014 focus essentially on the progressive…

Overview

Sweet dreams: Morocco hotel listings
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JM SUITES HOTEL 161 Angle Blvd Rachidi & Moulay Hassan 1er,20070 Casablanca T: (0522) 260 666 F: (0522) 209 711 www.jmsuiteshotel.com info@jmsuiteshotel.com Rooms: 22 rooms, including 4 junior suites, 12 executive suites, 2 master suites, 2 master suites deluxe, 1 ambassador suite, 1 presidential suite. 3 non-smoking floors are available. Business & Conference Facilities: 1 meeting…
Interview

OBG talks to Abdellatif Jouahri, Governor, Bank Al Maghrib
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Interview:Abdellatif Jouahri What are the major challenges facing the Moroccan banking sector as it works to implement Basel III, and how can these be overcome? ABDELLATIF JOUAHRI: In August 2013, Bank Al Maghrib published the provisions of the Basel III framework relating to the capital and liquidity coverage ratio requirements. Regarding the capital requirements, the new standards have raised…
Interview

OBG talks to Lahcen Haddad, Minister of Tourism
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Interview:Lahcen Haddad How well has the Moroccan tourism sector weathered the economic downturn in Europe? LAHCEN HADDAD: In terms of indicators, 2013 was satisfactory, with up to Dh19bn (€1.69bn) in investment, 20,000 new jobs and an additional 13,000 trained personnel. Tourism activity maintained a good performance in spite of the turbulent global economy and an unsteady geopolitical context.…
Interview

OBG talks to Jacques Attali, President, PlaNet Finance
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Interview:Jacques Attali What impact have microfinance institutions (MFIs) had on rates of financial inclusion? JAQUES ATTALI: In Morocco, MFI customers are not taken into account for the purposes of calculating the country’s rates of financial inclusion. In fact, solely the act of opening a bank account in the traditional banking sector counts towards those statistics. Barred by regulations…