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Significant advances have been made in improving health care in Morocco in recent years, including the extension of medical coverage and a substantial reduction in infant mortality rates. As the expansion of state-funded medical coverage boosts access to health care for a growing number of people, health facilities are increasingly under...

Despite the difficult global economic environment, sub-Saharan Africa achieved strong growth of more than 5% in 2014, mainly supported by private and public investments of more than 23% of global GDP. This was accompanied by the expansion of trade, communications and other services. Morocco could not remain unmoved by the strong economic...

The Finance Law of 2015 has put measures in place to reform the Moroccan tax system. These measures are aligned with the government’s General Tax Direction for the period 2012-17. Here, we present the key measures included in the Finance Law of 2015. 1. CORPORATE INCOME TAX (CIT) A. Extension of Casablanca Finance City (CFC) status to...

Morocco hosts one of the most developed insurance industries in Africa. The sector is dominated by nonlife lines, and in particular compulsory car insurance. Plans are in place to make several other forms of insurance compulsory but these have yet to be implemented. Market share is concentrated in the hands of a small number of mostly locally...

The Moroccan insurance industry is one of the kingdom’s largest sectors of institutional investors. It is heavily invested in local equities, which has given rise to concerns that this is exposing it to high levels of risk. However, plans to gradually introduce new solvency regulations should mitigate this by making insurers choose between...