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  • The Moroccan Economy in Brief of 11/02/2017: The BMCE Bank of Africa, Top Performer CSR for the 4th year in a row

The Moroccan Economy in Brief of 11/02/2017: The BMCE Bank of Africa, Top Performer CSR for the 4th year in a row

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1. The BMCE Bank of Africa, Top Performer CSR for the 4th consecutive year: "the BMCE Bank of Africa, under the leadership of its President, Mr. Othman Benjelloun, confirms its position as a leading international partner in climate finance and has a positive impact, and maintains its leadership of "Top Performer CSR Emerging Countries" in the area of the environment, as a Bank Group, once again proves its commitment to Social Responsibility and at the end of the rating Extra financial contribution made to 47 listed banks in the 2017 ranking of VIGEO / EIRIS in the "Emerging Countries", the highest scores in the Environment sector, for the fourth consecutive year.


2. Tests for the high-speed trains started this week: "After a successfully passing, the test phases of the infrastructures of the first 40 km of LGV without circulation to check and validate the behavior of new high speed trains on conventional rails, the ONCF is entering a very important new stage. This involves conducting "all tests to verify the compatibility of all components of the high-speed system for traffic at 320 km per hour, including the high-speed train running on a track equipped with its catenary, Its signaling and telecommunications system and its power supply system " According to the ONCF".


3. The works of Chaïbia currently exhibited in Casablanca: "This exhibition, organized by the Attijariwafa bank Foundation, brings together for the first time in Morocco the two artists in "a game of mirror where mingle between the mother and the son, a boundless mutual affection and a passionate artistic vocation, "the Foundation said in a statement. Twelve years after the death of the illustrious Moroccan painter Chaïbia Tallal in 2004, The Attijariwafa bank founded a singular homage to the one who, is a living legend of Moroccan art, makes the heart of the Moroccans and the lovers of art around the world vibrate. "At his side, Hossein Tallal was, at a very young age, illustrated by a painting off the beaten track, as he devoted his whole life to his mother's work and to the construction of his fame around the world ", According to a release".

 

4. Participating Banks: Three important circulars are to be published: "In the next few days BAMis expected to publish three new circulars in the Official Bulletin concerning the technical functioning of the products to be offered by the participating banks and the conditions of participatory window exercises, reports La Vie Eco in its edition of this week. These three circulars were validated by the Conseil Supérieur des Oulémas (CSO) on 27th January.
5. Cosumar: Export activity is good: "Exports of white sugar reached a turnover of 1.7 billion Dirhams in 2016, an increase of 116% compared to 2015 With a volume of 800 MAD last year, with higher exports driven by higher prices than volumes exported, with volumes of 328 KT compared to 191 KT in 2015, while the average selling price Has risen from 4,059 Dirham / T in 2015 to 5,199 Dirham / T in 2016, in parallel with the rise in international prices ".
6. Participating banks: three circulars soon to be published in the Official Bulletin: "According to the weekly magazine La Vie Eco, which reviews this issue in its publication of Friday 10 February, three circulars prepared by Bank Al-Maghrib detailing the technical Products to be proposed by these banks, as well as the conditions for the exercise of participatory windows, were validated by the Upper Council of Ulemas (CSO) on January 27. The newspaper emphasizes that these circulars should soon be published in the Official Bulletin (BO) ".


7. The MNTO inaugurates its first African headquarters: "The Moroccan National Tourist Office, MNTO, has chosen Dakar to open its first African headquarters, the first delegation of the MNTO of the African continent inaugurated its headquarters on the 8th February 2017 in the presence of the Senegalese Minister of Tourism and Air Transport, Maimouna Ndoye Seck, the Director General of the MNTO and the Ambassador of Morocco to Senegal and several personalities. Economic and Political Guidelines for the Kingdom of Morocco in Africa, which will reinforce cooperation, promote closer relations between private sector actors in the two countries, improve training and communication, share experiences and enable a common Tourist events ".


8. Wafa Assurance is targeting acquisitions in Anglophone Africa: "In the midst of development on the African continent, Wafa Assurance is aiming for acquisitions in English-speaking countries." So far, the insurance company, a subsidiary of Attijariwafa bank, has achieved its presence in French-speaking countries, and Wafa Assurance is present in Senegal through Wafa Assurance Vie SA and Wafa Assurance SA. The Moroccan insurer is also present in Cameroon and Ivory Coast.

 

 

Crédit : IMPERIUM MEDIA

 

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