The 10 richest families in Morocco:
Names in which everyone has echoed. They are sorted on the shutter and their wealth upsets the estimates. These known families have in fact become mastodons of finance and business and for most of these financiers, the wealth goes hand in hand with power and influence. Indeed, their names become a logo and their wealth is transmitted from father to son. A circuit that becomes positively sprawling. With no more waiting, discover the x richest families in the country.
1. The Benjelloune family, the CEO of the BMCE Bank and the Financecom holding, Othman Benjelloun, remains one of the biggest fortunes of the kingdom with a sum estimated at 1.9 billion Dollar.
2. The Chraibi family, the self-taught businessman, was ranked by Forbes to be the 34th richest Arab personality in the world.
3. The Akhannouch family, in addition to being the RNI General Secretary, Akhnnouch is a businessman who has proved his worth. Owner of Akwa Group, he was for some time the Minister of Agriculture. The famous Forbes magazine estimates his fortune at 1.7 billion Dollar.
4. The Lamrani Family, former politician, Mohammed Karim Lamrani is a business ace. He is the President of Safari Group. He was, in the past, thePrime Minister of six governments in Morocco.
5. The Zniber Family, a self-taught and Moroccan farmer, Brahim Zniber is the owner of the Celleries de Meknes. Also the founder of the group Diana Holding, it has become the first producer of wine in Morocco.
6. The Kettani family companies: Wafabank and subsidiaries, the Economist, Agroplus, Tisbrod and Manar.
7. The BenSalah family companies: Olmarcom, Atlanta Insurance, Metallurgical Comptoir, Otis Morocco, Oulmes, Sanad, Smdc and Orbonor.
8. The El Alami family companies: Jacob Delafon, Snr, Aluminum of Morocco, Structal, Industube and Afric Industries.
9. The Amhal family companies: Omafu, Somepi, Tissir PrimaGaz and Jorfgaz.
10. The Sekkat family Companies: Ingelec, 10 Rajeb and Maghreb Steel.
The Attijariwafa Bank group launches a new reality TV show :
The Attijariwafa Bank group, AWB, lunches a new reality TV show "Ana maâk", broadcasted on the 2M channel each Tuesday evening and rebroadcast the next morning, with the aim of supporting and promoting entrepreneurship and the development of Very Small Companies, VSCs. "It is a new concept of reality TV that celebrates every week a VSC (craftsman, merchant, self-entrepreneur, etc.) with a problem to be overcome or a project to develop," the banking group said in a statement. "To help them achieve their development goals, each VSC participant benefits from the personalized accompaniment of the experts of Attijariwafa Bank (Dar Al Moukawil), proximity coaching and customized by a specialized coach in the support of companies," said the statement. "Aware of the important role of VSCs in boosting the Moroccan economy and their strong contribution to job creation and country value, the AWB group once again affirms its support in favor of this companies category," adds the same source, adding also that the program was "a great success" since its circulation and the number of hearing has evolved reaching to the last episode close to 3 million viewers.
The Attijariwafa bank Group, a major player on the African soil :
The reinforcing of South-South economic relations contributes to better the political momentum with new trading partners. Internationalization is an orientation that allows them to establish economic relations with new commercial actors. The main goal is to alleviate the slowdown experienced by the crisis-affected North countries, but above all to have new sources of profitability and growth. Attijariwafa bank, one of the champions of the Moroccan banking sector, has resolutely opted for an internationalization strategy for more than 10 years. Back on a decade of African expansion of the AWB Group, the Attijariwafa bank group was born from the merger of the Commercial Bank of Morocco and Wafabank in 2004. One year later, the group obtained the first banking license in Senegal, an acquisition of 54% of the Southern Bank in Tunisia. And this, in consortium with Attijariwafa bank and Grupo Santander, giving birth to Attijaribank Tunisia. In 2007 the group acquired a 67% of the Tunisian Senegalese bank, followed by the merger with Attijariwafa bank Senegal. In addition, 2008 was marked by three main transactions, first the acquisition of a 79% of CBAO Senegal by Attijariwafa bank, followed by a 51% acquisition of the International Bank of Mali and finally merger between Attijariwafa bank Senegal and CBAO. The development of Attijariwafa bank internationally is therefore continuous. In 2009, the AWB acquired the Crédit du Congo and the Union Gabonaise de Banque as well as the acquisition of the Société Ivoirienne de Banque and Crédit du Sénégal. December 2010 is the date of the actual launch of the activities in Burkina Faso and the following year, the Attijariwafa bank group acquires a 51% of the Commercial Company of Bank Cameroon. In 2013, the banking group acquires a 55% of the capital of BIA Congo while opening the branch CBAO Niger.
Wafasalaf promotes sustainable urban mobility :
Wafasalaf, in partnership with Casa Transport, organized an "Eco-Responsible Rally" in Casablanca, attended by many students from major universities and schools in the metropolis. This first edition brought together a dozen teams around challenges and riddles along a route of connecting historic sites and mythical places of the city. "We want to convey a strong image around the human and societal values, which are the real keys to development. Promoting sustainable urban mobility particularly is at the heart of our societal approach and we are proud to do so today a vector of communication to the young people of our country, "said Laila Mamou, the President of the Wafasalaf Executive Board.
Unemployment insurance: Employers and Syndicates at the time of choice :
Labor contracts short: patronage and trade unions at the time of the crucial appointment choice for the unemployment insurance: eight months after the failure of the negotiations, trade unions and employers will meet on Wednesday to decide whether to reopen this thorny file Suspended on the issue of taxation of short contracts. Their choice will depend on the Medef, which is expected to decide Monday on an executive board between the two currents that oppose it on this taxation, a condition not posed by unions to achieve to an agreement. It was the employer's refusal of any form of modulation of contributions on short contracts (temporary contracts, interims) which had caused the negotiations to collapse in June 2016, in a climate then parasitized by Labor Law.
The supporting sectors of the royal vision :
In a decade, Morocco has succeeded, at a dazzling speed, in making its major companies shine on the continent. These "national champions" mainly operate in the financial sectors, notably bancassurance, but also in the real estate, energy and telecoms. Thanks to their rapid expansion, Moroccan companies are now among the leading African multinationals. With Morocco returning to the AU, the Moroccan economic circles hope that this rapid pace will accelerate further so that they can open the doors that were previously closed to them. The banking sector is the spearhead of Moroccan expansion on the continent. Its presence in Africa was initiated in the 1990s, especially in Mali. Moreover, it was not until the 2000s that the pace accelerated at the rates of acquisitions and capital inflows of the most flourishing African banking companies. Today, the three major Moroccan banks, namely the Attijariwafa bank, the BMCE Bank of Africa and the BCP have consolidated their presence virtually in all regions of Africa. The Royal Tour in late 2016 in East Africa and Madagascar enabled them to sign partnerships with local key players. Particularly, the BCP will develop its microfinance experience through the launch of activities under its subsidiary Atlantic Microfinance for Africa (AMIFA). The Attijariwafa bank, AWB, has successfully completed two main operations in 2016. The biggest and biggest ever by the group is undoubtedly the 100% acquisition of the Egyptian subsidiary of British bank Barclays Bank. Similarly, the AWB entered for the first time into the East African market via Rwanda, thanks to its entry into the capital of Cogebanque. The Moroccan bank now holds the majority of shares and plans to make Rwanda its gateway to the region.
Money transfer : Transpay broadens its offer to include direct-to-bank deposits in Morocco :
"Western Union and MoneyGram will soon have a new competitor. B2B / B2P cross-border payment platform (Bank to Bank and Bank to Private) Transpay announced on Monday that its services offer has been extended to include direct to-bank deposits in Morocco. Transpay customers will now be able to send payments in local currency to personal or business bank accounts in Moroccan Dirham," said the company in a statement.
Wafa Assurance reveals its results :
Wafa Assurance is ready to unveil its annual results in the 17th February with the presentation of its indicators. In the first half of the year, the subsidiary of Attijariwafa bank, which is also the country's largest insurer, posted sales of 3.763 billion Dirhams, an increase of a 9.9% compared with the end of June 2015. This performance was attributed to a sustained pace of business activity in the Life and Non-Life segments, including bancassurance. Net profit amounted to 513 million Dirham, up 7.1%.
The evolution of financial trades, dependent on bank digitalization :
The evolution of the financial professions is dependent on the digitization of the banking sector, said industry experts and finance in Casablanca on Tuesday the 14th February at a conference on "The role of digitization in evolution of the financial professions ".
Morocco participates in the 2nd Forum of Public Finance in the Arab States in Dubai :
The work of the second Public Finance Forum in the Arab States began in Dubai on Sunday , with the participation of ministers and governors of the central banks of several Arab countries, including Morocco. The Kingdom takes part in this forum with an important delegation led by the Minister of Economy and Finance, Mr. Mohamed Boussaid. The work of this second edition, organized by the Arab Monetary Fund, FMA, in collaboration with the International Monetary Fund, IMF, under the theme "Perspectives and Challenges of Income Diversification in the Arab Countries", is also marked by the IMF Managing Director Christine Lagarde, heads of the Arab monetary institutions and the presidents of several regional and international financial institutions.
Training workshop for the national media on the exchange rate regime :
BAM organized, jointly with the Treasury and External Finance Department of the Ministry of Economy, Finance and the Exchange Office, on the 13th and 14th of February in Casablanca, workshops on the exchange rate regime to the attention of fifty journalists representing some forty written, electronic and audiovisual media.
Closure of three representations in Europe :
Crédit du Maroc has had to close 3 representations abroad in 2016: two in France and one in Italy. According to the bank top management, this decision was made because of the "very low activity level observed for several years, which made these representations deficit". These offices were mainly used for the money transfer from the Moroccan Living Abroad, MLA. "Crédit du Maroc has retained its clientele despite of the closure, by proposing, as an alternative, solutions through the digital bank," said the bank's management.
Monetics: Morocco the Maghreb leader :
Morocco is widely ranked ahead of the Maghreb on the electronic banking sector. This was revealed by the statistics of the sector, which devoted the kingdom, the first economic and customer place of its new means of payment. According to figures reported by a French-speaking medium of the place, more than 59% of the bank cards issued in North Africa, are Moroccan, or 2.07 million bank cards. Tunisia is second with 31% of the bank cards in the Maghreb, ie 1.1 million. Algeria trails unexpectedly far behind with only 273,000 bank cards for 36 million inhabitants. According to the same source, the top 3 banks leading in the field of electronic banking in the Maghreb is composed exclusively of Moroccan banks: Attijariwafa Bank, BCP and the BMCE Bank.
Valyans Consulting: The MCMA aims to update the commercial paper program annually :
The Moroccan Capital Markets Authority, MCMA, recently targeted the annual update of the information package relating to the commercial paper issuance program by the Moroccan strategy and organization consulting firm Valyans Consulting . According to a press release from the MCMA, the ceiling for the issuance program amounts to 100 million Dirhams, with a nominal unit value of 100,000 Dirhams and a maturity of 10 days to 1 year. The interest rate is determined for each issue according to market conditions, the same source said, noting that La Société Générale Marocaine des Banques is the body responsible for the placement.
Moroccan golden boys: what studies did they follow? :
Mr. Rachid Kettani - The central hyper-bankable. At only 34 years old, Rachid Kettani has assumed particularly the sensitive positions within Attijariwafa bank and ranks the 69th in the rankings of Choiseul 100 Africa 2016 and being identified as one of the 100 young African economic leaders of tomorrow. Graduated in 2004 from the prestigious Ecole Centrale Paris, this young engineer takes, starting from 2008, the responsibility of the strategy and development department of banking mastodon, participating actively in the implementation of Attijariwafa bank's growth strategy in sub-Saharan Africa. His remarkable passage to the Group's strategy will allow him, starting from 2012, to join the Executive Committee as Executive Manager in charge of the Finance Department.
The rating of the professional customers will be available soon :
Several banks are setting up or improving their internal rating systems dedicated to professionals. They want to control risks in this increasingly dominant segment of their business. The first rating reports, which are available on request, are expected by the end of the year.
E-commerce: APEBI proposes an exemption of the VAT :
For the Moroccan Federation of Information Technology, Telecommunications and Offshoring (APEBI), 90% of transactions related to E-commerce are actually made by cash on delivery. To boost the sector, the federation proposes in particular an exemption from VAT. The ICT federation also works on the question of the reliability of digital means of payment by examining ways to combat the high rate of card rejection. "We have studied your causes of oerejet and have provided a report in this sense to the GPMB and the MIC," says Raffi. The National Telecommunications Regulatory Agency, NTRA, would also floor on the establishment of a mobile payment platform which should improve the use of electronic payment. In addition, the GCMC continues to study grant files of the E-tick label to several major players in E-commerce.
The new instruments of the expected financial risks coverage :
Expected changes in the coverage of financial risks, including those related to fluctuations in exchange rates. The general instruction of exchange operations (IGOC) 2017, developed by the Exchange Office, in consultation with other actors, including BAM and the Ministry of Finance, brings new measures to the benefit of operators.
Crédit : IMPERIUM MEDIA
