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Finance & Economy

Mr Jeff settles in Morocco

Spanish startup Mr Jeff has announced its entry into the Moroccan market, offering a lucrative franchise model in the area of ​​laundry and dry cleaning for local entrepreneurs. After launching the successful concept in 40 countries, Morocco is now one of the most important regional startup markets with the opening …

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Fitch lowers OCP rating to BB+/negative outlook

The financial rating agency has just lowered the OCP rating from BBB-/stable outlook to BB+/negative outlook. This change of opinion reflects the deterioration of Morocco’s prospects from stable to negative under the effect of the crisis caused by the Covid-19 pandemic. In addition, the rating agency justifies the downgrade by …

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No dividends this year for banks in Morocco

Bank Al-Maghrib (BAM) has called on credit institutions to suspend all dividend distributions for the 2019 fiscal year until further notice, BAM said in a statement. In the context of the pandemic Covid-19 crisis, credit institutions are called upon to strengthen their role in financing the economy, notes the press …

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