Blog

News: Headlines from the Moroccan Press: Wednesday, May 15, 2019

AUJOURD'HUI LE MAROC
Casablanca and Rabat, two over-indebted cities:
Casablanca continues to live on credit. This is at least what can be seen from the data compiled by the Banking Supervision Directorate of Bank Al-Maghrib. Admittedly, there is no significant change to note in the financial preponderance of the metropolis, but what is to be stressed is that the imbalance still persists between the deposits collected and the loans distributed at the level of this locality. A gap measured at approximately MAD 234.11 billion at the end of December 2018. The figures recorded at the end of December 2018 based on the declarations of all the counters covering the national territory show deposits of a total of MAD 929.34 billion against financing exceeding MAD 894 billion in Morocco...

Central Guarantee Fund: Nearly MAD 7 billion in loans mobilized:
The Central Guarantee Fund (CGC) is starting 2019 on a positive note. Indeed, the company posted remarkable growth in its business at the end of the first quarter. In detail, "the credits mobilized thanks to the intervention of the CGC have recorded a solid dynamic, amounting to nearly MAD 7 billion", the CGC recently unveiled. In this respect, the number of credit transactions in favour of SMEs increased by 218%, or 5,652 in the first quarter of 2019 compared with 1,779 in the first quarter of 2018. Similarly, the CGC's overall activity, both in favour of companies and individuals, recorded a growth of nearly 24% compared to the first quarter of 2018, accumulating more than MAD 4.1 billion in commitments...


LE MATIN DU SAHARA
MAD 7 billion in loans guaranteed by the CCG at the end of March:
The Caisse centrale de garantie (CCG) will have been powered up in the first quarter of the year. Virtually all indicators are green. In concrete terms, the loans mobilized thanks to the Caisse's intervention performed well, with nearly MAD 7 billion. In this table, the number of credit operations in favour of SMEs has exploded, with a 218% growth rate (from 1,779 to 5,652 operations over one year). Over the period, CCG's overall activity, both for companies and individuals, increased by 24%, or more than MAD 4.1 billion in commitments...

Al Baraka Banking Group plans further African expansion:
Al Baraka Banking Group plans to accelerate its development in Africa. The international specialist in participatory finance, present in Morocco through BTI Bank in partnership with BMCE Bank Of Africa, is working on an African-wide expansion plan, particularly in East Africa, with target countries including Kenya, Uganda and Tanzania, where its Moroccan partner, BMCE Bank Of Africa, is already present. This project has just been unveiled by the Bahraini group on the occasion of the presentation of its quarterly results. Al Baraka Banking Group is already present in North and South Africa...


LES INSPIRATIONS ÉCO
The government's record. El Otmani's satisfaction:
Did El Otmani convince, on May 13, by presenting his government's mid-term review to both Houses of Parliament? It will be up to public opinion to decide whether a revival of public confidence can be expected in the coming months. In any case, for the Chief Executive, the period consumed so far by his team's mandate is "rich in achievements and positive indicators" although, he had to admit, the situation was marked by "strong social demands combined with an increase in the ceiling of citizens' expectations". An introduction for El Otmani to mention the recent signing of the tripartite social agreement, which he presented as an important milestone in the process of improving the social conditions of citizens...

The right marketing strategy for a good start:
For a startup, the development of an effective marketing plan is certainly vital but should not be very expensive. All that is required is time, effort and creativity. Not so secret ingredients that will make it easier to launch any project. At the beginning of its activity, each startup has two main objectives: to save funds and market its product. To succeed in the marketing process, it is therefore necessary to think carefully about your marketing strategy, a criterion that seems difficult to meet with a limited budget. Yet the best marketing ideas are simple and inexpensive, but they require innovative and adaptable thinking. It should be noted from the outset that the development of a brand is a continuous process...


L'ECONOMISTE
VAT: The avenues of reform:
The VAT reform will certainly make the government dizzy. According to the recommendations of the 3rd Meeting, it will be necessary to reorganize the rates and clarify the rules for connecting certain products and services to one rate rather than another. It will also be necessary to establish the neutrality of VAT for collectors so that they are no longer in the position of final consumers...

Court: The hunt for crooks is being organized:
Stories of malicious people infiltrating the courts to abuse fragile litigants are legion. These crooks sometimes usurp the identity of robbed, lawyers or clerks to propose to settle cases before the courts. Many citizens fall for it. To put an end to this drift, the responsible minister announces a series of measures...


LIBERATION
Saâd Dine El Otmani's satisfaction: Multiple achievements and positive indicators at stake:
The head of government, Saâd Dine El Otmani, presented on Monday the progress report on government action before both Houses of Parliament at a session jointly chaired by the Speaker of the House of Representatives, Habib El Malki, and the Speaker of the House of Councillors, Hakim Benchemas. "We are faced with a record marked by many achievements, reforms and many positive indicators, although the situation is marked by strong social demands and high expectations of citizens," said Saâd Dine El Otmani...

Mactar Ndoye: Unfortunately, racism infects all continents and regions of the world:
Mactar Ndoye is the Secretary of the Intergovernmental Working Group on the Effective Implementation of the Durban Declaration and Programme of Action at the Office of the United Nations High Commissioner for Human Rights. He gave this interview to Libé following a meeting at UNESCO in Paris on the issue of the fight against discrimination...