The Moroccan Economy in Brief: Wednesday, November 7, 2018

Crédit Agricole increases the financing allocated to campaign loans: "The Group Crédit Agricole du Maroc (GCAM) is partnering with the Department of Agriculture in the Boudour operation to plant as many cereal areas as possible. For this 2018/2019 agricultural season, the GCAM is thus mobilizing its specific structures, particularly the traditional bank and Tamwil El Fellah, to increase the financing allocated to campaign credits. The stated objective is to promote the use of selected or improved seeds to significantly increase cereal productivity."

Morocco participates in an international conference on Sino-Arab cooperation in Cairo: "The work of the Sixth International Conference on Sino-Arab Cooperation on Energy started on Monday in Cairo, with the participation of Chinese and Arab experts and officials in the field. Morocco is represented at this conference, which is being held under the theme "Single Track, Single Belt, Promising Investment Opportunities", by the Director of Energy at the Ministry of Energy, Mines, Water and Environment, Mohamed Slimani, and the Head of International Cooperation and Partnerships at the Moroccan Solar Energy Agency (Masen), Jalil Slimani."

Banque Atlantique is donning the colours of the BCP: "Banque Atlantique is adopting a new graphic charter. The subsidiary of the Banque Centrale Populaire (BCP) group made this change as part of the transformation project promoted within its African holding company Atlantic Business International (ABI) and its 16 subsidiaries in 10 countries in the sub-region. The launch ceremony for the new visual identity took place last week in Niamey, at the Bank's headquarters."

Point S unveils its "Essor" strategic plan: "Ambitious strategic plan for Point S Maroc, the automotive maintenance specialist. Called "Essor", the new vision aims, by 2021, to have some 50 centers, compared to 16 currently, a turnover of 180 million dirhams and a 20% operating margin. "It is a three-year plan that aims to mobilize our talents and internal resources to accelerate the company's growth from 2019," said Karim Daifliame, Managing Director of Point S Morocco, during a presentation held on November 2 in Casablanca."

Hyundai Maroc awarded in the "Automotive" category: "For the second year in a row, Hyundai Maroc has been named Customer Service of the Year Morocco 2019 in the "Automotive" category. The award of this label of excellence in two consecutive editions represents the reward for the efforts made in this field by Global Engines (Hyundai Maroc) over several years. According to Hyundai Maroc's management, the brand's Customer Relations Department is equipped with all the necessary tools to implement an innovation and quality control approach, placing customer relations at the heart of the brand's strategy."