Blog

News: Headlines from the Moroccan Press: Wednesday, June 12, 2019

AUJOURD'HUI LE MAROC
Digital administration: The Court of Auditors' report broken down:
"The digitalisation of public services is the cornerstone of the reform of the administration insofar as this reform cannot be endorsed by ignoring or minimising its digital aspect". The comments were made by the Minister Delegate for Administrative and Civil Service Reform, Mohamed Ben Abdelkader. Opening a study day on digital administration services initiated by the supervisory department with the participation of information systems directors from 80 departments, Mr. Ben Abdelkader recalled that his ministry ensures that all recommendations from the Kingdom's constitutional institutions are taken into account, headed by the Court of Auditors "which, although it talks about significant changes in the ranking of online services in Morocco, points to the failure of certain aspects of digital reform"...

Military service: 133,820 people completed the census form:
At the end of the census operation on military service that took place between April 9 and June 7, 2019, the Minister of the Interior announces that a total of 133,820 people have completed the census form, including 13,614 young women (10.17%) who have done so on a voluntary basis to perform this service...


LE MATIN DU SAHARA
Saâd Eddine El Othmani highlights Morocco's interaction with the international labour standards system in Geneva:
The Head of Government, Saâd Eddine El Othmani, highlighted Morocco's interaction with the international labour standards system on Monday in Geneva at the 108th session of the International Labour Organization (ILO). "In the Kingdom of Morocco, and on the basis of our constitutional authority, we clearly choose to treat the normative system in a positive way in the field of the activities carried out by the International Labour Organisation during its long experience and history of struggle", stressed Mr El Othmani, who was speaking at the high-level section of this conference marking the ILO's centenary...

Details of the sale of 8% of Maroc Telecom's share capital:
The Ministry of Finance revealed more details on the sale of 8% of the State's stake in Maroc Telecom's share capital. It has thus specified that this operation will be carried out in two parts. The first will consist of the sale, before the end of June, of blocks of 52,745,700 shares representing 6% of Maroc Telecom's share capital at a price of MAD 127 to institutional investors under Moroccan law...


LES INSPIRATIONS ÉCO
Agadir/tourism. The fate of the sector in Sajid's hands:
Rehabilitation of the hotel park, establishment of a ministerial committee and consolidation of budgets for promotion: these are the main complaints of Agadir's tourism professionals presented to Mohamed Sajid, Minister of Tourism...

Arrival of OPCIs. The capital market is booming:
A new anniversary date is added to the calendar of the Moroccan financial world. The Undertakings for Collective Investment in Real Estate (OPCI) were celebrated with great pomp and circumstance on Tuesday, June 11, 2019 by the Ministry of Economy and Finance and the Moroccan Capital Market Authority. "The introduction of this new instrument in our country is part of the actions undertaken by the public authorities to mobilize long-term savings and direct them towards financing investment," says Nezha Hayat, President of the AMMC...


L'ECONOMISTE
OPCI: At least 200 billion dirhams at stake:
After the first issue of sukuks, Morocco has just introduced a new financial tool. The Real Estate Investment Trust Funds (REITs) will be operational in a few weeks. This was announced by Mohamed Benchaaboun, Minister of Finance, at the launch conference of this investment vehicle yesterday in Rabat. This new mechanism is in line with the logic of innovation, "essential for the dynamisation of the capital market", as Nezha Hayat, President of the Moroccan Capital Markets Authority (AMMC), pointed out...

Filing of the summary statements: The certification jumps:
The main obstacle to the widespread online filing of summary statements in the commercial register has been removed. The Ministry of Justice will now be responsible for checking the validity of documents downloaded via its electronic platform. The provision applies to public limited companies, which have until August 31 to comply with it. However, the use of the Internet is not mandatory, but it allows companies to avoid traffic jams in the courts...


LIBERATION
Interact positively with the reports of the Court of Auditors and other constitutional institutions:
"By organizing this study day, we want to establish a tradition within the Moroccan administration of interacting positively with the reports of the Court of Auditors and other constitutional institutions, taking into account their recommendations and working to implement them. This is how the Minister Delegate for Administrative and Civil Service Reform, Mohammed Benabdelkader, put it...

House of Representatives: Adoption of a draft organic law defining the process for implementing the official character of Amazigh:
The House of Representatives unanimously adopted, on Monday in plenary session, the draft organic law defining the process of implementation of the official character of Amazigh, as well as the modalities of its integration into education and in the priority areas of public life...