In English Face à une consommation électrique en croissance continue, le gouvernement marocain a amendé la Loi relative aux énergies renouvelables afin d’attirer les investissements dans le secteur de l’énergie solaire et éolienne. Réforme de la filière Les objectifs d’efficacité énergétique établis par la Stratégie énergétique nationale de 2008 visent à porter la part…
In English La récente réforme réglementaire lancée par les autorités marocaines pour la création de banques islamiques (ou banques participatives) a été suivie d’une hausse en demandes d’agrément. L’objectif de cette réforme est de renforcer l’inclusion financière. Selon les rapports de la presse internationale en date de septembre, le gouvernement a autorisé le Crédit…
Morocco has had success in its recent efforts to build up export-oriented manufacturing projects, which should take over from more traditional industries in driving growth, as well as provide higher-quality employment over the longer term. If the kingdom can continue to attract major investment in high-growth-potential industries such as automobiles, aeronautics, agri-business and offshoring,…
Company Overview Addoha is Morocco’s largest real estate developer with operations in all the segments, including social, middle-income and high-end. In 2015 the social and middle-income segments accounted for 62% of the developer’s revenue, down from 70% in 2011. Revenue stood at Dh7.1bn (€651m) in 2015 compared to Dh9.5bn (€871m) in 2013 prior to the decision to cut production as a result…
Company Overview Attijariwafa Bank is the leading bank in Morocco in terms of outstanding loans (25% as of December 2015), and number two in terms of deposits behind BCP. The group operates 3265 branches and started its geographical expansion outside Morocco in 2005. The bank now has branches in Tunisia (6% of consolidated net income) and nine French-speaking sub-Saharan countries (13% of consolidated…
Company Overview Maroc Telecom (MT) is the leading telecoms operator in Morocco. In January 2015 MT acquired six additional sub-Saharan subsidiaries. The international portion of the business now contributes more than 40% to company revenue. In Morocco the firm operates in both the mobile and fixed segments, while in sub-Saharan Africa it is only involved in the mobile market. The stock trades on…
Morocco’s large diaspora, estimated to comprise up to 15% of the population, has changed considerably since the Second World War when blue-collar workers moved to Europe to help rebuild. Indeed, today the population of Moroccans living abroad increasingly comprises highly-educated young professionals. Demographics Recent estimates have put Morocco’s diaspora population at between 4m and 5m, or…
One of Africa’s longest-established sovereign states, Morocco has had diplomatic relations with other countries for centuries. It has particularly close ties to the US, as well as to the EU and especially France and Spain. Like many of its neighbours, Morocco is now building stronger trade and investment relations with other emerging markets, including sub-Saharan African nations and giants in Asia.…
Morocco’s relations with its Middle Eastern and North African neighbours have been coloured by territorial and security disputes, but are gradually improving as mutual interests strengthen. Meanwhile, its partnership with the wealthy Gulf states goes from strength to strength, with several Gulf countries major investors in Morocco and the kingdom an important security partner for its allies on the…
Morocco has been perhaps the most stable and peaceful country in North Africa in recent years, while other countries in the region have been afflicted by political turbulence and war. The reforms implemented by King Mohammed VI since coming to the throne in 1999 have played a major role in ensuring Morocco has remained a stable and tolerant country, as well as an increasingly open society politically. The…
