As operators and mobile users adopt new forms of mobile communications, the kingdom’s telecoms market is progressively moving away from the traditional voice-based business model. This is leading to new challenges in terms of regulation and market competition, but is also setting the stage for a new phase, wherein data forms a critical part of telecoms services. Despite slower growth, the industry…
Contributing 8.1% to GDP and accounting for 7.1% of employment in 2016, tourism holds an important place in Morocco’s economy, with 2017 garnering strong results. Despite having faced some challenges, the country has a number of favourable factors to build upon, such as its political stability, new infrastructure developments and multiplying air connections. While the sector is still far from achieving…
In the late 1990s King Mohammed VI chose to use Tangiers as a catalyst for the transformation of the north by turning the historically sidelined region into a motor of the national economy. In the past decade, the region has seen the launch of a new economic development plan, leveraging Tangier’s strategic location at the Strait of Gibraltar. At the confluence of these key maritime routes is the…
Agriculture remains a key contributor to Morocco’s economy, accounting for about 15% of GDP in 2016. The sector generates nearly 40% of employment and over 10% of exports, and the industry’s development plan has benefitted both agricultural productivity and resiliency. Numerous initiatives, such as incentives and measures to ease access to land, improve irrigation systems and contribute to segment-specific…
The need to diversify production capacity and create jobs has been pushing Morocco to invest in its industrial sector. Industrial activities have traditionally focused on agro-industrial production; however, the kingdom is looking to leverage burgeoning segments such as automotive and aeronautics. Outlining the expansion of manufacturing under a series of government-led programmes, a host of emerging…
One of the largest capital markets in Africa, Morocco’s bourse, the Casablanca Stock Exchange, has been slow to develop in recent years, with relatively few new listings, limited liquidity and a mixed performance. While initial public offers have been relatively few and far between since 2012, a wide range of recent reforms and more legislation in the pipeline appear could help boost investor interest.…
Morocco’s banking sector is the most highly developed in North Africa in terms of penetration indicators and is also among the most advanced in the wider MENA region. The industry, which is in the midst of a recovery in lending growth, stands on the verge of another substantial step forward, thanks to the imminent launch of both an Islamic banking sector – backed by the creation of a wider Islamic…
One of the most developed countries in Africa, Morocco is a melting pot of indigenous Berber, African, Arab and European influences. Due to its strategic location and proximity to Europe, the kingdom has been able to accommodate its cultural diversity in a stable and politically inclusive system. The kingdom possesses North Africa’s only constitutional monarchy and has fortified its position as an…
On new infrastructure projects to enhance logistics activity How can supply chain procedures be further optimised in Morocco? DE MIRBECK: The supply chain is a real issue here. In Europe a supply chain has been existing for more than 20 years, and the majority of operators are focusing on forwarding, international transport, authorised service centres and track, Customs clearance activities, cross-docking…
In English Grâce à une croissance plus soutenue du secteur agricole et à une hausse des recettes d’exportation, l’économie marocaine a connu une expansion plus rapide en 2017 et les perspectives sont encourageantes pour 2018. Les estimations de croissance du PIB pour l’année, nationales comme internationales, faisaient preuve d’un même optimisme: pour la banque centrale du…
