Estimated to be the second largest on the African continent after South Africa, Morocco’s pharmaceuticals sector is highly developed relative to many of its African neighbours. Currently, there are 32 pharmaceuticals plants present in the country, producing 293m units of drugs in 2011.
Over the past decade, Morocco’s insurance market has seen rapid growth and now represents the second-largest market on the continent after South Africa, and the third largest in the Arab world after Saudi Arabia and the UAE. The domestic penetration rate, or total premiums as a percentage of GDP, is around 2.8%, up from 2.3% in 2010, and several new...
As seen in many emerging markets around the world, Morocco’s small and medium-sized enterprises (SMEs) play an important role in the national economy. Although they account for nearly half of employment and over 30% of GDP, the country’s SMEs often suffer from poor access to finance; currently receiving just under a third of total credit. SMEs’...
Among many industry players, private equity (PE) has rapidly developed as an alternate source of funding for corporations throughout Africa, especially in the Maghreb region – and Morocco is no exception. Initially dominated by development finance institutions (DFIs), the sector is attracting an increasing number of private funds, both foreign and...
Largely spared from the wave of political unrest that swept parts of the rest of the Middle East and North Africa region in 2011, Morocco did see protests by the February 20 Movement, named after the date of its first major demonstration. However, these were small in comparison to those seen in neighbouring countries such as Tunisia and Egypt....
The growth of Morocco’s 19 banks slowed recently, with some indicators weakening. Overall, though, the sector continued to put in a resilient performance thanks to prudent regulation by the central bank, Bank Al Maghrib. The pressures brought about by exogenous slowdowns reduced liquidity, as domestic activity and trade volumes dipped, but a...
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