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Finance & Economy

Morocco: The argan tree occupies an area of 830 000 ha

The argan tree biosphere reserve (RBA) in Morocco covers an area of ​​about 2.5 million hectares (all forest species combined) and the argan tree occupies the largest share with an area of ​​830,000 hectares. This reserve, recognized by UNESCO in 1998, is characterized by its socio-economic multifunctionality and its unique …

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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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BMCI and EBRD support women’s entrepreneurship

BMCI presented its program of financial and technical support for women entrepreneurs, during a meeting organized around the theme “Financing the economy and promoting female entrepreneurship”, in partnership with the EBRD in the framework of the Women In Business program. The program benefited from European Union funding granted under the …

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WEC Lines liquid its Moroccan subsidiary

While he strengthened his ties with his Moroccan partner, in this case the TRANSMAR group, the Dutch shipowner Wec Lines decided to put an end to his direct presence in Morocco. The specialist in container transport convened for January 2020, an Extraordinary General Meeting of its wholly-owned subsidiary WEC Lines …

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Morocco: Thousands of companies threatened with bankruptcy

Despite efforts made to postpone payment deadlines, the late payment of dues threatens thousands of Moroccan companies with bankruptcy. The reason behind the late payment of dues, which could lead to the liquidation of companies, is the difficulties relating to financing. Credit insurance company, Euler Hermes, lowered the risk level …

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Crowdfunding to boost the real estate sector

Real estate in Morocco will revive thanks to crowdfunding, an alternative financial ecosystem, whose legislative framework was approved in parliament. While the real estate sector is going through cyclical downturns marked by a slowdown in sales and large unsold inventories, new financing mechanisms (crowdfunding, REIT…) are coming. From 2020, the …

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Engie wants to strengthen its action in Morocco

The Engie group wants to support its customers in the production of their own electricity and support the state and local authorities to install sustainable energy solutions. The group has been active in Morocco since the 1980s. Its activities consist mainly of electricity generation, electric mobility and the supply of …

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CCPI: Morocco 1st in Africa, 2nd in The World

Based on 14 indicators in four categories “Greenhouse gas emissions”, “Renewable energy”, “Energy consumption” and “Climate policy”, the 2019 Climate Change Performance Index has given Morocco a score of 70.48 behind Sweden which scored a score of 76.28 and which leads in a total of 56 countries. “Morocco wins a …

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BMCE Capital retains 2 solutions for its “Cap’Tech”

Convinced that digital is a strategic differentiating factor, BMCE Capital launched last September the first open innovation program in investment banking Cap’Tech in collaboration with “Factory by Screendy”. An initiative aimed at shaping solutions with the ecosystem of pan-African start-ups that can improve the customer experience, strengthen internal collaboration and …

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