Attijariwafa bank offered itself in 2008, 51% of the International Bank of Mali
In 2008, Attijariwafa bank acquired 51% of the capital of the International Bank for Mali (BIM-SA) for an envelope of 40 billion CFA francs, or approximately 60 million euros. The deed was signed by Mohamed El Kettani, the President and CEO of Attijariwafa bank.
Attijariwafa Bank to transfer the acquisition of Barclays Egypt in a few days
Attijariwafa Bank is in the process of finalizing the acquisition of Barclays Egypt. The payment was delayed since Attijariwafa awaited regulatory approvals in Morocco.
Participatory finance: Benkirane praises the Moroccan model
The Head of Government was present at the opening of the 1st International Exhibition of Participatory Finance (IEPF), held in Casablanca. It had become discreet lately. It is thus by a forest of microphones, a dense crowd of photographers and in the crush that Abdelilah Benkirane, head of designated government, was welcomed at the opening yesterday in Casablanca, the 1st International Fair of Ethical Finance and Participatory (IFEFP). The General Secretary of the CEO did not comment on the blocking of the forming of the government, despite the names of the journalists. The air deteundudu and smiling, Benkirane contented himself with expressing himself on the launch of Islamic finance in Morocco. Welcoming the progress made by Morocco on the institutionalization of participatory finance, he said that this result was made possible thanks to the serene debate between the different parties, one of the qualities that makes Morocco a model Under the enlightened leadership of His Majesty the King Mohammed VI.
Oxford Business Group believes in the Moroccan Economy
After Moody's and the International Monetary Fund, it is the turn of the scientific publication Oxford Business Group to praise the Moroccan economy. According to the Oxford Business Group, the publication said that"the Moroccan economy shows resilience". The economic downturn "should be short-lived,". Obviously, while many countries in the region have experienced a drop in Foreign Direct Investment, FDI, over the past five years, Morocco has increased FDI by 11% between 2010 and 2015, reaching 39 billion Dirhams (3.6 billion Euros). The government is also looking to take advantage of FDI and attract new ones with the new Investment Charter adopted in July. Oxford Business Group writes that "The incentives recently were put in place to encourage investments, financial reforms, efforts to improve infrastructure and paid attention to renewable energies should give a boost to the economic development of the kingdom,". The British publication takes as an example the new investment charter, the establishment of the Moroccan Market Authority, openness to participating banks or energy efficiency strategies.
Morocco companies to reform its bilateral treaties
Morocco companies to reform its bilateral investment agreements. It is currently working on an in-depth analysis of the content of its agreements, including those initialed in the 1990s, with a view to introducing new provisions that ensure flexibility for the state to regulate investment in its territory. "It should be said that the system of international investment agreements is not balanced. In reality, the provisions in these agreements, mostly signed in the 1990s and more than 3,300 in the world, protect the investor much more than the state hosting the investment. The meeting on "Reform of International Investment Agreements" brought together 60 experts from more than 30 member countries of the Islamic Development Bank, organizer alongside UNCTAD.
These Moroccan SMCs exporting to Africa
Between 2008 and 2015, Moroccan companies invested some 2.2 billion Dollar in Africa, particularly in sub-Saharan Africa. The involvement of big names in public and private Moroccan capitalism served as an anchor for a host of Small medium Companies in search of new outlets. The Attijariwafa bank group, a strong African ambition and assumed. Between 2008 and 2015, Moroccan companies invested 2.2 billion Dollar in Africa, particularly in sub-Saharan Africa, thanks to the involvement of big names in public and private Moroccan capitalism, such as BMCE, OCP, Maroc Telecom, ONEE, Douja -Promotion, Holmarcom, the People's Bank, Attijariwafa bank, Managem and others. All these leading groups have served as an anchor for other SMEs looking for new opportunities and wanting to succeed quickly Their location or find local partners.
AU Summit: The finish in Addis Ababa
By moving to Addis Ababa on the occasion of the 28th AU Summit, the Sovereign engages his whole aura for the return of Morocco within the Pan-African organization. Besides, the reintegration of Morocco into the pan-African organization is a crucial choice. It also dominated the work of the Commission of Foreign Ministers last week in Addis Ababa. The request of Rabat is conditioned by the correction of the past anomalies, that which allowed the entry of the "Rasd" in the OAU. An awkwardness that had pushed Rabat to slam the door of this organization in 1984. Morocco negotiates its return on two fronts. First of all, an institutional dimension, which consisted in starting the process last July in Kigali, Rwanda, through a royal message handed over to the current President of the AU, Chadian President Idriss Deby Itno. The document recalls the attachment of Morocco to Africa. Morocco's arguments are not lacking. To take only the economic part, Morocco is the first African investor in West Africa, with 24 billion DH. It is also the second largest investor in the continent with a willingness to become the first. Especially since the policy initiated by HM the King in West Africa, which has recently extended to Central and Eastern Africa, is beginning to bear fruit. Difficult for the AU not to admit it. In this rapprochement with the other countries of the continent, Moroccan public and private companies, led by major champions such as OCP, banks and telecom have played a key role. Moreover, for Cherkaoui Roudani, an expert in geostrategy, this offensive could be reinforced since "the arrival of Morocco within the AU will promote another type of relationship between the regional economic groupings on the continent".
Protection of personal data: Morocco needed to better credibilize its system
As a major issue in the digital transition of our society, the protection of the personal data of natural persons has evolved considerably since the establishment of the National Commission for the Protection of Personal Data, NCPPD, on 18th February 2009 ). 2016 was also a turning point since, on the one hand, the complaints registered are clearly increasing (the number has increased by 20%, to 1,000 complaints). On the other hand, this was the year of Morocco's full accession to Convention 108, the first binding international instrument on the subject. The 2016 report of the French authorities responsible for the protection of personal data provides a clear solution, recalling that "the legal arsenal is only a first step to the effectiveness of the system", and that the real indicators remain " On the one hand, the application of the rules by the operators and, on the other, the coercive power of the national authorities ". These are the two weak points of the Moroccan system, since even the organs of the State are still outside the law. It should be borne in mind that, apart from treatments implemented in the interests of national defense or the internal and external security of the State, all other treatments implemented by the public administration are subject to the law N° 09-08. "It should be noted that several players in the public sector have complied, including Bank Al-Maghrib, ANRT, OMPIC ... Others have sparked the process, such as the Ministry of Education, The CNSS ... However, the NCPPD is continuing its efforts to bring other departments and public bodies into compliance with the provisions of the law on the protection of personal data, "said Said Ihrai, President of the CNSS. NCPPD. This latter also states that "more and more public administrations are submitting requests for opinions to the NCPPD. This is the case of the Ministry of Economy and Finance, the Ministry of National Education, the CNSS, etc. This reflects a growing awareness AOIng public sector decision-makers of the value of aligning with international standards for the protection of personal data ".
Crédit : IMPERIUM MEDIA
