The Moroccan Economy in Brief: Thursday, November 8, 2018
1. Laayoune: Success of the work of the Morocco-France Business Forum: "The participants in the 3rd edition of the Morocco-France Business Forum, which ended on Sunday after three days of work in Laayoune, "were all pleasantly surprised by the development that the region is experiencing," said the President of the French Chamber of Commerce and Industry of Morocco (CFCIM), Philippe-Edern Klein. After the Casablanca and Paris editions, the Laayoune edition was a "great success", with the participation of 150 companies and more than 300 people, said the CFCIM president on Sunday."
2. Economy: Afreximbank promotes intra-African trade: "The African Import and Export Bank (Afreximbank) is organizing, in collaboration with the Ministry of Finance, for the first time in Morocco, its annual seminar on structured trade finance. Held in Casablanca from November 7 to 9, this event aims to develop intra-African trade and "give financial institutions, bankers and professionals from regulatory bodies, large companies and law firms in Africa the necessary skills to deal with the complexities of financial transactions in an uncertain global economic context," the organizers explain."
3. Official launch in Rabat of a call centre dedicated to MREs: "A call centre dedicated to Moroccans living abroad (MRE), set up by the Ministry of Foreign Affairs and International Cooperation, was officially launched on Monday in Rabat. Also open to foreigners wishing to obtain information on travel and stay in Morocco, this platform, available 12 hours a day (08h-20h), aims to facilitate access for the Moroccan diaspora to consular services and a range of information on the various administrative documents, without having to travel to the consulates."
4. Marita Group accelerates its development in Africa: "The Moroccan group Marita Group Holding is sharpening its weapons. After joining forces in July 2018 with the American Triton Solar for the development of nanotechnology in Africa (www.lematin.ma), a new partnership has been established with the Italian Bertone Design, a historic brand operating in the design and architecture sector. On November 6 in Rabat, the two groups set up Bertone Design Africa, a company to operate on the African market. Under the terms of the agreement, Marita Group will involve Bertone Design Africa in the Holding's current and future projects."
5. Huawei always in front of Apple: "Huawei continues to be the second largest smartphone manufacturer in the world. In the second quarter of 2018, it took this place from Apple, which is content with 3rd place for two consecutive quarters. According to IDC, Samsung is still number one in the 3rd quarter with 72.2 million units sold, or a share of 20.3%. Huawei comes far behind with 52 million devices sold (14.6%), while Apple closes the top three by selling 46.9 million units (13.2%)."