Banking services: A new generation of consumers is born:
A new breed of banking consumers is emerging. This is one of the major conclusions to be drawn from the annual AWB results conference presented by Mohamed El Kettani, CEO. This new breed consumes this service between 10pm and midnight and weekend. This is the target of today's Bankalik offer from the group, which is what the CEO says "the first real digital bank in Morocco". This remote bank obviously seems to be a real success since the number of creations of accounts on top exceeds all expectations.
"The Attijariwafa bank is at the forefront of Pan-African banking groups":
Mr. Jamal Ahizoune, the Deputy General Manager of the Attijariwafa bank Group in charge of the international retail banking reports that the African operations already account for a 30% of the group's consolidated balance sheet and contribute a 25% to its results, whose growth is more widely supported by those of the BDI subsidiaries. "The regional development path of the Attijariwafa bank is remarkable. Its strategy has so far enabled it to virtually cover all the markets in the Maghreb, in the West and Central Africa. The outlook is still promising. After entering the Egyptian and Rwandan markets, the group is in prospecting in other African markets," including the Anglophones and Portuguese. The Group pursues its international development policy, by regularly exploring new opportunities for growth and geographical location.
Attijari Intermédiation recommends HPS on sale:
Attijari Intermediation recommends selling HPS for a target price of 760 Dirham, a potential downside of a 15%. Analysts also point out that in a context marked by sustained commercial and financial efforts on the part of the management, HPS still managed to improve its profitability levels. However, a relatively small size effect in the new technologies sector does not allow the operators to ensure a certain regularity regarding the growth of their results.
Attijari Intermediation: The Cobalt should boost the Managem's performances:
In a recent note, the analysts at the Attijari Intermediation review the price of the cobalt in the international market and its impact on Managem. With an annual output of 1,700 metric Ton, they note that for each additional Dollar at the level of the cobalt price, the Managgem GNP is estimated to be around 30 MDH in 2017. The group profits could easily reach 650 million Dirham in 2017.
Dar Assafaa becomes Bank Assafaa:
"The Attijariwafa bank will launch its participatory bank Bank Assafaa as a 100% subsidiary of the group," said its CEO Mohamed El Kettani. When the Attijariwafa bank announced the approval of Bank Al-Maghrib to create a participatory bank, it was nevertheless mentioned that "this bank is still under discussion for a future partnership". According to El Kettani, the group remains open to this eventuality, but only if the future partner brings real added value for the bank and the activity. As a reminder, the Central Bank issued in the the last January its approval at the Attijariwafa bank for the financial year of a participatory bank activity, adding that "the bank is still in discussion for a future partnership". It must be believed that the bank did not find the right partner: "We receive requests which are open to offers but prefer value-creating partnerships ", said El Kettani. Assafaa Bank will therefore be the only fully Moroccan bank to practice in this field.
East Africa: How to position the label Morocco?:
In the same logic, the thorny problem of the logistics must be solved. A source of a significant delays and obstacles in the exchanges between Morocco and its neighbors close to West Africa, the poor logistical connectivity could condemn any Moroccan ambition to break through these distant regions. It would thereby be urgent to take off the air ways between Casablanca and the main economic capitals of these new partner countries, especially air freight. About that, the Moroccan Association of exporters (ASMEX) recalls that it has an agreement with RAM, which offers its members reductions up to a 40% of the normal tariff.
Barid Al-Maghrib launches an electronic submission service for public tenders:
The Barid Al-Maghrib Group organized a meeting in Casablanca in the 14th of March to communicate information and telecommunication actors in the new service of the portal of electronic submission to public tenders Managed by the General Treasury of the Kingdom and using the electronic certificates of Poste Maroc. Initiated in collaboration with the Moroccan Federation of Information Technology, Telecommunications and Offshoring, MFITTO, under the theme "Barid eSign and the electronic submission to tenders", this new service sets a new brick in the Construction of the digital system of the national economy and constitutes a new step in the total dematerialisation of the processes of public procurement.
How the Moroccan companies succeed in their development in Africa:
The companies are essential to the development of the Morocco's African policy. According to L'Economiste, they have "played a fundamental role in the deployment of the new paradigm of the Moroccan-African relations". They must take advantage of the positive capital image in different African countries, where "Made in Morocco enjoys a good perception. The rate reaches a 76% in the francophone zone," explains Youssef Amrani, the former Minister for the Foreign Affairs. The same observation for the perception of the services provided by the Moroccan companies in these countries." Moreover, the Attijariwafa Bank is internationally more regarded as an African bank than a Moroccan. It has the largest banking network in the continent. Other operators, such as Maroc Telecom, have participated in the technological leap of certain states. "In Gabon, consumers were able to directly switch from the traditional mobile telephony to 4G, thanks to the involvement of a Moroccan operator."
Should we be afraid of the fisc?:
If the tax incomes are able to positively evolve in spite of an unfavorable economic context, this means that the evolution of these receipts does not automatically depend on the economic growth, which is closely linked to the companies activity. The explanation of the positive development of tax incomes only sought through the important deposit of the tax evasion. And the real strategic goal of the fiscal control is to transform this deposit into spontaneous tax incomes through the transformation of the taxpayer's tax behavior, which is often negative at the moment. The general guideline of the General Directorate of Taxes, GDT, for the year 2017, published in the 2nd of February 2017, contains among its four main goals, the framework of the fiscal control system. If the big companies such as the OCP, BMCE Bank... have been tax-adjusted and invited to switch to the fund, it's because the real problem lies not only in taxation. The tax aspect is only an indicator that should prompt the big companies to revise their management mode and to integrate tax risk into their internal control system and to perceive it as a risk among others, to master , in an environment known to undergo the important changes not only of a technological nature, but also, and above all, of a political and economic nature. The tax adjustments are not always the result of fraudulent acts.
Morocco well represented at AFRICA CEO FORUM AWARDS 2017:
The continent's managers and companies will, once again, be put into orbit at the AFRICA CEO FORUM 2017, which will be held in Geneva in the 20th and the 21st of March. For the fifth consecutive year, the economic performance of leaders and companies in Africa will indeed be distinguished. In Morocco, of course, this event is followed with a special attention, especially by the financial sector, especially since Moroccan banking groups and bosses are accustomed to being awarded on this occasion. For this edition, in the popular category of "African Bank of the Year", two Moroccan banking mastodons will cross the iron by far: these are the Attijariwafa bank and the BCP, finalists alongside Ecobank , Mauritius Commercial Bank, Standard Bank Group and United Bank For Africa. For this 2017 vintage, it should also be noted that Morocco is fairly well represented, especially in the category of "Young African Manager of the Year", nominated Mr. Mohamed Ben Ouda, the General Manager of the National Transport and Logistics and Ms. Lamia Tazi, the CEO of Sothema, while Label'Vie and the OCP Group compete for the title "African Enterprise of the Year". Verdict in the 20th of March.
The Union of Young Contractors of the Rabat-Salé-Kénitra Region organizes its first forum:
The association of the Union of Young Contractors of the Rabat-Salé-Kénitra region recently organized its first forum under the theme "Government policies to support SMC between reality and constraints". The forum was an opportunity to bring together various economic players and young entrepreneurs wishing to join the association, to highlight investment opportunities and promote SMC in the region, the association said in a statement. "The event was attended by about 180 participants and was attended by numerous public administrations including BAM, the CNSS and the ANAPEC , confirmed the willingness of the state and its financial partners to support entrepreneurs, "said the president of the Association of Young Contractors, Mr. Hicham Abil.
Bank Al Maghrib: Between the supervision and the financing of banks:
The banks, these institutions which have imposed themselves for several centuries, as an irreplaceable economic actor have often led to several economic crises. The last, triggered by the "financial players" multiplying the risks in many sectors especially in the real estate, continues to this day despite the massive use of the Central Bank interventions in Europe and the United States.
The Ulemas make their first Fatwas:
A big event which should not pass unobserved; the High Council of the Ulemas, made its first steps in the world of the business by declaring the correspondent to Shariah, the first circulars of Bank Al-Maghrib, relating to the participatory bank. The last concerns the definition of the technical characteristics of the five products (on six envisaging by the banking law) and the conditions of their presentation to the customers (Mourabaha. Moucharaka, Moudaraba. Ijara and Salam), on conditions and modalities of collection and allocation of the investment stores, and finally on the conditions of the financial year of the participatory bank activities by the conventional banks.
Crédit du Maroc brings its support with the INSAF association:
Faithful to its solidarity commitment in favor of the most fragile populations, Crédit du Maroc enriches its RSE program with collaboration with the INSAF association to ensure that mothers and children in precarious situations have a decent access to the health care. This initiative was launched by the Crédit du Maroc's women on the sidelines of the celebration of the World Day for the Women's Rights and reflects a genuine desire to inscribe societal commitment in the corporate culture of the Crédit du Maroc Group. The partnership between the two entities perfectly fits into the bank's RSE strategic vision. Its goal is to provide the association with a grant of 100,000 Dirham to reinforce its medical support system for the disadvantaged women and children (care, surgical operations, medical analyzes and radios).
Africa in the Capital: Bank Al-Maghrib Museum hosts the exhibition 'Gold of Africa: Journeys and destiny' from the 28th of March to the 28th of April:
"The Museum of Bank Al-Maghrib will host the exhibition "Gold of Africa: Journeys and destinies", within the framework of the cultural activities linked to the event "Africa in Capital" planned from the 28th of March to the 28th of April in Rabat, putting contemporary art and expressions of Africa in the spotlight. This exhibition traces the long and rich history of the cultural and commercial relations between Morocco and the sub-Saharan Africa through exchanges based on gold," indicates Bank Al Maghrib in a statement.
The BCP Group finances the reinforcement of the road infrastructure in Ivory Coast:
"The BCP Group, BCPG, today signed an agreement with the Ivorian government in Abidjan to finance 66.7 billion CFAF (1.09 billion Dirham) aimed at upgrading the road infrastructure in Ivory Coast," said the banking group in a statement. The same source said that the fund of the International Development Partners, IDP, has joined the International Atlantic Business, IAB. This British investor will inject 100 million Dollar into the capital of the ABI.
The contracts in the participatory finance in Morocco at the center of a meeting in Rabat:
A scientific symposium will be organized in Rabat in the 8th of April under the theme ''Contracts in the Participatory Finance in Morocco: Legal ways in the light of the Malikite rite," at the initiative of the National Forum of Adouls of Morocco. "The purpose of this symposium is to define the types of contracts from the juridical and legal point of view, the contractualization measures, the rights and obligations relating thereto, in the Islam light of the middle ground and its openness on the tolerance values," said a statement of the Forum.
Crédit: IMPERIUM MEDIA
