With the crisis in the eurozone on one side of the Mediterranean and ongoing unrest in the Middle East and North Africa on the other, 2012 was another challenging year for the Casablanca Stock Exchange (CSE). Investors were faced with continued volatility in the local markets, as the Morocco All Shares Index (MASI), a value-weighted index made up of...
As the government evaluates the initial results of the Maroc Numeric 2013 plan, improved access is pushing the sector to expand. Benefitting from steady economic growth as well as a countrywide strategy to increase information technology (IT) usage, Morocco’s IT sector has seen stable expansion. Governmental policy has been framed under the Maroc...
THE COMPANY: Disway is the result of the merger of Distrisoft with Matel PC Market in April 2010. The company is the market leader in the distribution of software solutions and computer equipment in Morocco. The firm has genuine activity in North Africa, and may be looking to expand its operations to some...
Islamic finance is set to take root in Morocco after a new banking law is passed by parliament, currently anticipated for spring 2013. The law allows fully fledged Islamic banks, with up to 49% foreign shareholding, and institutes regulations on a number of Islamic finance products. It will also include legislation on securitisation – an amendment...
Against a backdrop of global economic uncertainty, the Moroccan government is making every effort to attract investors to the country. The government’s domestic investment spending increased 2.5% in 2012 to Dh48.5bn (€4.3bn), according to the Ministry of Economy and Finance, despite a deepening budgetary deficit. However, a great emphasis is being...
Working to position its commercial capital, Casablanca, as financial centre for investors eyeing the African continent, Morocco has been drawing support from the City in London, Singapore and Luxembourg. Casablanca is now using its strategic location, near Europe and at the tip of Africa, to try to become a regional financial centre at a time when...
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