The Moroccan Economy in Brief: Wednesday, March 25, 2020
The TGR sets up the "Online Donation" service:
The General Treasury of the Kingdom (TGR) announced on Monday the availability of an online service for citizens, economic operators and other partners to make their donations to the Special Fund for the management of the coronavirus pandemic (Covid-19), set up on the instructions of HM King Mohammed VI. To make their donations, citizens, economic operators and other partners are invited to visit the website "www.tgr.gov.ma" and click on the icon "online payment: Your donations to the Special Fund for the Management of the Coronavirus Pandemic - Covid 19," says the TGR in a statement.
CDG Prévoyance ensures the continuity of its activities to maintain the protection of its clients:
CDG Prévoyance, in charge of managing the National Pension and Insurance Fund (CNRA) and the Collective Retirement Allowance Scheme (RCAR), has just announced the implementation of a whole arsenal of measures adapted to the circumstances, in order to guarantee the continuity of its activities while ensuring the protection of its clients and employees. Thus, CDG Prévoyance continues to ensure the payment of RCAR pensions, annuities and solidarity fund allocations devolved to it by the CNRA and this, within the usual deadlines, CDG Prévoyance indicates in a press release.
The Exchange Office launches the platform SMART:
Pursuing its digitalization strategy, the Foreign Exchange Office has enriched and improved its remote services and is launching the "Smart" authorization, reporting and processing management system. The platform "Smart" dematerializes the formalities and procedures relating to the submission of authorization requests to the Exchange Office and also allows economic operators to declare their foreign exchange transactions online.
Jumia: An ecosystem at the disposal of the government:
Jumia, an e-commerce platform in Morocco, makes its integrated ecosystem (marketplace, supply chain and online payments) available to the Moroccan government, as part of the coordinated response against COVID-19. Jumia's actions thus facilitate social distancing, allowing consumers to buy online, provide rapid access to essential food and health products, take advantage of Jumia's logistics networks for the distribution of health leaflets and essential products, and encourage online payment via JumiaPay to reduce the risk of transmission through physical currency.
CTM: Net income down 4.2%:
The CTM Group ended fiscal 2019 with earnings down 4.2%. Sales are also down. CTM ended fiscal year 2019 with a net income group share down 4.2% to MAD 63 million (compared to 2018). The top management attributes this performance to the decline in operating income, which declined by 1.2% to MAD 83 million at the end of 2019, despite a control of operating expenses which decreased by MAD 1.5 million.