1. An Investment of 2.6 Million Dirhams in Laayoune-Sakia El Hamra: "2.6 billion dirhams have been devoted to 92 agricultural projects over the period 2016-2020 in Laâyoune-Sakia El Hamra region, according to statistics from the General Directorate of Agriculture of Laâyoune. These 92 projects are divided into two pillars. The first pillar, comprising 49 projects, aims to develop high value-added agricultural products with the support of the local private sector. These projects total 440 million dirhams of investment, according to the MAP."
2. CIH Bank Expects a 30% Decline in Its Net Income Attributable in the First Half of 2017: "The listed bank has just published a Profit Warning relating to its half-yearly results announcing a 30% decline in Net Income Attributable compared to the first half of 2016, which is expected to rise to nearly 126.4 million dirhams, indicate financial analysts. This situation is attributable to the outcome of a tax audit covering the years 2013 to 2015, whose financial impact was fully incorporated into the bank's results on June 30, 2017, the same source added."
3. Morocco Is Participating in Addis Ababa Efforts to Strengthen the Financial Independence of the African Union: "The finance ministers of the African Union (AU), meeting at the headquarters of the African Union in Addis Ababa on Tuesday and Wednesday, were addressing a crucial issue for the future of the Pan-African organization: the new mechanisms for financing the AU budget. A major issue, the financial independence of the AU has been the subject of intense negotiations since Kigali summit where the countries of the Union had agreed to levy 0.2% on imports from the continent. As a reminder, the budget of the Pan-African organization still depends on 73% of the foreign donors."
4. BMCE Bank of Africa Multiplies Actions for Sustainable Finance: "BMCE Bank of Africa is committed to sustainable finance in Morocco and internationally. For all projects of the bank exceeding $10 million, the group applies the principles of Ecuador. This internationally recognized benchmark is based on the 8 performance standards of the International Finance Corporation (IFC) and the general and specific environmental, health, and safety guidelines of the World Bank, underlines the Moroccan group in its 2016 report on sustainable Development. In 2016, BMCE Bank of Africa trained 74% of its business and corporate account employees in the Environmental and Social Management System (SEMS) program. The objective is to manage social and environmental risks in the framework of the projects set up by the bank."
5. ONSSA Reassures Moroccan Consumers: "No products based on Fipronil are registered in Morocco in agriculture or in domestic animals whose products are destined to human consumption, inter alia in poultry, underlines the National Office for Food Safety, which notes that this molecule is only allowed in dogs and cats as a veterinary medicinal product for the treatment of external parasites. On Wednesday, ONSSA ensures a close follow-up of the file concerning the withdrawal in some European countries of the marketing circuit of contaminated eggs, following the presence of an insecticide (Fipronil), reassuring the consumer of the quality and safety of eggs placed on the national market."
Crédit : IMPERIUM MEDIA
