Silver linings can shine in unlikely places. Although the Casablanca Stock Exchange (CSE) has seen a bit of a rebound following improved earnings reports in the fourth quarter of 2013, in recent years it has grappled with liquidity problems, to the point where, two years ago, daily trade volumes reached all-time lows.
COMPANY OVERVIEW: Founded in 1919 and floating on the Casablanca stock market since 1943, Société des Brasseries du Maroc (SBM) is the leading Moroccan brewer with a market share of more than 95%. Its portfolio of activity includes beer (90% of consolidated sales in 2012), wine, bottled water and...
With an increasing focus on value-added export industries in manufacturing, industry in Morocco has transformed in recent years. This is in large part a result of the 2009 strategic plan to bolster six designated segments by investing billions of dirhams and facilitating new investments. The result has led to Morocco becoming one of Africa’s...
The formal retail industry in Morocco remains fairly limited, but it has been gathering steam at an impressive pace over the past three years. A growing middle class and urbanisation rate, as well as a modernisation of consumer shopping habits bode well for the sector’s future potential. While the traditional and largely informal segment of...
The fertiliser sector in Morocco is largely export-oriented, as the high price for the product constrains the potential for increases in domestic demand. Global demand for fertiliser is expected to grow in the coming years due to international population and income growth, which will require an increase in agricultural inputs to ensure...
Mining is a key sector of the Moroccan economy, but for a long time it was synonymous with phosphates. The country possesses the largest phosphate reserves in the world and is one of the three largest global producers. Recently, however, there has been a push to improve performance in the sector, in part by encouraging upstream and downstream...
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