The Moroccan Economy in Brief: Saturday, August 10, 2019
Labor market: The HCP temporarily suspends the publication of quarterly indicators:
The High Commissioner for Planning (HCP) has announced the temporary suspension of the publication of regional employment indicators until a more detailed investigation confirms their rigorous compliance with the statistical standards in force and allows the determination of if necessary, any adjustments necessary to safeguard their usual robustness.
The Banker: 4 Moroccan banks in the African Top 25:
4 Moroccan banks are included in the new edition of The Banker ranking of the largest African banks. These include the Banque Populaire Group, Attijariwafa bank (AWB), BMCE Bank of Africa and Crédit Agricole du Maroc (CAM). Banque Populaire Group is ranked 6th at the African scale, AWB 7th, while BMCE BoA and CAM occupy respectively 11th and 22nd place. South Bank banks (Standard Bank, FirstRand, ABSA and Nedbank occupy first 4 places, National Bank of Egypt ranks fifth, South Africa places 7 banks in this wine, more than Egypt (5) and Nigeria (5).
The German giant Phoenix Contact is gaining foothold in Morocco:
The world leader in industrial electrical and electronic technologies has just created a subsidiary in Casablanca. Less than two years after taking part in the 2017 edition of Elec Expo, which is organized annually in Casablanca by the National Federation of Electricity and Electronics (FENELEC), the German giant Phoenix Contact decides to take a permanent footing in Morocco. Indeed, this world leader in electrical and electronic industrial technologies has just established an entity in Sidi Maârouf (Casablanca). Called Phoenix Contact Morocco (PCM), this second African subsidiary (after that of South Africa) will have the mission to commercialize the products and solutions of its parent company for a wide range of economic sectors (infrastructure, energy, water supply). water, rail transport, automobile, food industry...)
A device under study to track tax risks:
The Directorate General of Taxes (DGI) continues its strategic transformation project. It deals with the implementation of an internal control system. Its missions: to ensure the achievement of the strategic objectives of the DGI in particular with regard to the improvement of the performances and the quality of service, as well as the reactivity of the fisc in front of the changes of the environment. It is also a question of controlling the risks brought about by the DGI's operational activities and modernizing the control system through the professionalization of the internal audit.
Local products: A new solidarity market in the pipe in Agadir:
The city of Agadir will be endowed with a new solidarity market of local products. With a total investment of 18 million dirhams, it will ensure optimum radiation for products from this region and bring them closer to the end consumer year-round. The result of a partnership agreement between the Mohammed V Foundation for Solidarity, the Souss-Massa Region and the National Agency for the Development of the Oasis Zones and the Argan (ANDZOA), this new project has been ratified by the Council. of the region at its last regular session held last month.