The Moroccan Economy in Brief: Saturday, April 11, 2020
Covid-19: Crédit Agricole du Maroc wants to accelerate the pace of distribution of State aid:
Crédit Agricole du Maroc has just announced that it is ready to deploy its mobile branches to facilitate the distribution of State aid to populations located in rural areas, particularly in remote areas.
CDG Capital awarded by Thomson Reuters:
CDG Capital, the corporate and investment bank of the CDG Group, has just been distinguished. It received the prestigious Thomson Reuters Lipper Award "Overall MENA Markets Domestic Funds" 2019 edition. This consecration demonstrates the continuous efforts and the willingness of CDG Capital, as a leader in asset management in Morocco, to deliver to its clients a responsible and regular performance.
As part of the Covid-19 Effects Support Plan, self-entrepreneurs are seeking assistance:
"The Support Plan, set up by the Economic Watch Committee, does not cover self-entrepreneurs." Thus the initiators express themselves on this situation which, as they specify, "impacts almost all the auto-entrepreneurs whose movements remain limited." This is why the union is asking to include self-entrepreneurs, straddling the line between the MSMEs and households, in this Support Plan. In this sense, this structure is thinking strongly of self-entrepreneurs who have made a declaration of turnover in the last half of 2019.
Vegetable production: The market's needs assured until the end of the year:
"The supply of the market with agricultural products, especially those for mass consumption, will continue in a normal and regular way until next December, the Ministry of Agriculture, Maritime Fisheries, Rural Development, and Water and Forestry said Friday. The department, which claims to ensure daily and rigorous monitoring of market supply in all regions, adds that the crop rotation programme is progressing as planned according to the predefined schedule.
Al Alia Immobilier mobilizes MAD 15 million to fight against Covid 19:
AL ALIA IMMOBILIER has decided to support its buyer clients economically affected by the Covid-19 pandemic. The company announced that this initiative will materialize in the form of "AL ALIA MAAK." It is a support program that takes care of one to two months of their bank drafts for an amount of up to MAD 15 million in order to enable all members of its community to secure their rights to a dignified housing.