CNOPS board approves AMO public sector accounts certification and urges reforms
The Board of Directors of the National Fund for Social Security Organizations (CNOPS) has approved the unreserved certification of the AMO Public Sector accounts for 2023. The board emphasized the importance of protecting the...
Key highlights from AMMC’s Q1 2024 report on stock market
The Moroccan Capital Market Authority (AMMC) has released its report on the profile of stock market investors for the first quarter of 2024, revealing several key trends: Collective investment schemes lead the market: Collective...
Bank credit in Morocco reaches 1.096.9 billion dirhams by May 2024
Bank credit in Morocco has climbed to 1.096.9 billion dirhams (MMDH) by the end of May 2024, reflecting an annual increase of 4.6%, as reported by Bank Al-Maghrib (BAM). For private non-financial companies, however, bank...
BANK OF AFRICA crowned Morocco’s most beloved brand in the “Brand Africa 100”
On June 26, 2024, BANK OF AFRICA was honored as the most appreciated Moroccan financial services brand in the prestigious Brand Africa 100 rankings. The fifth Moroccan edition of Brand Africa 100 Morocco’s Best...
Hassan Laaziri takes the helm at AMIC
The Moroccan Private Equity Association (AMIC) has announced the appointment of a new Board of Directors, unanimously electing Hassan Laaziri as the new President. He succeeds Hatim Ben Ahmed. Hassan Laaziri, currently the CEO of...
Key highlights from Bank Al-Maghrib’s weekly indicators (June 20-26, 2024)
1. Dirham appreciation The Moroccan dirham appreciated by 0.9% against the euro and by 0.37% against the US dollar during this period. 2. Foreign exchange market No foreign exchange auction operations were conducted in the...
Morocco’s money supply grows by 4.3% in May
According to Bank Al-Maghrib (BAM), Morocco's money supply, measured by the M3 aggregate, reached 1.779.6 billion dirhams in May, marking a 4.3% year-on-year increase, maintaining the same growth rate as the previous month. Factors influencing...
Moroccan tax audits yield 5.8 billion dirhams in 2023 !
The General Directorate of Taxes (DGI) has announced that on-site tax audits in 2023, covering 5,793 cases, generated a substantial revenue of 5.8 billion dirhams (MMDH). According to DGI’s recently published annual report, the...
Marchica Med and HB Holding NV sign MoU for landmark development
A memorandum of understanding (MoU) has been signed between Marchica Med, a subsidiary of the Agency for the Development of the Marchica Lagoon, and HB Holding NV, a real estate and technology investment firm....
Young entrepreneurs honored at Al Mada foundation awards
The Young Entrepreneurs Awards, organized by the Al Mada Foundation, were presented on June 28, 2024, under the leadership of Mr. Hassan Ouriagli, President of the Al Mada Group, during the 2024 International Africa...