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Interview

Youssef Fassi Fihri, CEO, Société Centrale de Réassurance (SCR): Interview
OBG
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Interview:Youssef Fassi Fihri How would you evaluate the performance of the Moroccan reinsurance industry? YOUSSEF FASSI FIHRI: While the Moroccan insurance sector has been performing very well, the performance of the reinsurance industry in 2016-17 was rather poor. This is mainly because the vast majority of Moroccan insurers have moved from contract to excess treaties. Consequently, it is…
Interview

Ali Harraj, President, Wafa Assurance: Interview
OBG
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Interview:Ali Harraj How do you evaluate the performance of the Moroccan insurance sector in 2016? ALI HARRAJ: The performance was extraordinary that year. There was an overall growth in the country’s Dh35bn (€3.2bn) insurance market of around 15.5%, which is one of the highest growth rates for the sector in the last 10 years. Compared to an overall GDP growth rate of 1.2% in 2016, no sector…
Interview

Hicham Naciri, Managing Partner, Naciri & Associés with Allen & Overy: Viewpoint
OBG
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Viewpoint:Hicham Naciri The business climate in Morocco has been continuously improving since the early 2000s. This is evidenced by several infrastructure and industrial projects developed recently in Morocco by multinationals and foreign investors. In order to reassure investors the Moroccan legislature has introduced new mechanisms in relation to merger control. On June 5, 2000 the country…
Interview

Hassan Laaziri, Chairman, Association of Moroccan Capital Investors; and CEO, CDG Capital Private Equity: Interview
OBG
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Interview:Hassan Laaziri How would you describe the current state of the private equity market in Morocco? HASSAN LAAZIRI: In the early 1990s the European Investment Bank spearheaded the development of the private equity industry in Morocco through Moussahama. The other funds did not come into existence until 2000, when the Association of Moroccan Capital Investors was created, bringing together…
Interview

Ahmed Lahlimi Alami, High Commissioner, High Commission for Planning (Haut Commissariat au Plan, HCP): Interview
OBG
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Interview:Ahmed Lahlimi Alami How would you describe the ways in which statistical know-how is transferred in Morocco? AHMED LAHLIMI ALAMI: As the national statistics agency, the HCP is the recipient and central source, of micro and macroeconomic information and social data. It is thus the central guarantor and distributor of statistical information standards. The multidimensional poverty map,…
Interview

Mohamed Boussaid, Minister of Economy and Finance: Interview
OBG
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Interview:Mohamed Boussaid What role does infrastructure development play in attracting private investment? MOHAMED BOUSSAID: Morocco, from its independence onwards, has principally made structural choices to liberalise and diversify its economy, and to encourage private initiatives. Since 1999 Morocco has signed free trade agreements with 55 nations, connecting the country to a global market…
Interview

Nawal Chraibi, Acting CEO, Moroccan Foundation for Advanced Science, Innovation and Research: Interview
OBG
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Interview:Nawal Chraibi What can be done to improve the local production chain of renewable energy products? NAWAL CHRAIBI: The strategic orientation of Morocco’s renewable supply chain is essentially defined by industrialists and foreign investors who, at various levels, demand innovative products and services. This demand is cross sectoral. For example, in 2016 the National Agency for the…
Interview

Ayman Cheikh-Lahlou, President, Moroccan Pharmaceutical Industry Association (AMIP); and CEO, Cooper Pharma: Interview
OBG
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Interview:Ayman Cheikh-Lahlou How can bureaucratic processes for new drug authorisations be made more efficient? AYMAN CHEIKH-LAHLOU: The fact that the implementation of quality-compliant, European-style standards and registration processes is putting pressure on local manufacturers and importers is quite normal. As a result, we have experienced some delays. Under the new decree, it is now…
Viewpoint

Viewpoint from His Majesty King Mohammed VI
OBG
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Viewpoint:His Majesty King Mohammed VI We have thought it through carefully, and it is now so obvious: it is time to return home. At a time when the kingdom is among the most developed African nations, and when a majority of member states looks forward to our return, we have decided to join our family again – a family we had not really left. In fact, despite having been absent from AU institutions…
Viewpoint

Fouad Lahgazi, Senior Partner, KPMG: Viewpoint
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Viewpoint:Fouad Lahgazi The Finance Law of 2018 has laid out a number of new procedures that are set to further digitalise and simplify existing provisions, and bring the kingdom’s tax regime up to speed with international regulations. Taxpayers and entities operating in sectors that have yet to be defined by regulations are obliged to adopt a billing software system that meets the technical…