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  • The Moroccan Economy in Brief: Wednesday, August 9, 2017: Sound Energy Shows Its Ambitions in Morocco

The Moroccan Economy in Brief: Wednesday, August 9, 2017: Sound Energy Shows Its Ambitions in Morocco

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1. BMCE Bank Stops off in Saïdia: "After the success of 2015 and 2016 editions, BMCE Bank is renewing its program of regional investment seminars at the national level in favor of MRE (Moroccans residing abroad) investors. Indeed, the organization of the cycle of meetings for the investor MREs constitutes the last 3 years an inescapable rendezvous during the deployment of summer campaigns."


2. Ingram Micro Distributes Dell EMC Products in Morocco and Accesses Its Portfolio: "Ingram Micro North Africa announced on Friday, July 28, 2017, having been selected as a strategic distributor partner by Dell EMC in Morocco. The expanded relationship builds on Ingram Micro North Africa's current partnership with Dell EMC and further strengthens Ingram Micro's relationship with one of the world's largest providers of IT solutions. As the largest value-added distributor in the Middle East, Turkey, and Africa (META), Ingram Micro's rich provider solutions offerings in Morocco now offer access to the full Dell EMC product portfolio, including advanced cloud computing infrastructure, converged systems, server/storage solutions, and client systems."


3. Sound Energy Shows Its Ambitions in Morocco: "The British company Sound Energy shows its ambitions for the Moroccan market. Within a week, the gas explorer issued two major announcements relating to its activities in the Oriental. The group declared that it has received written confirmation from the Wilaya of the Oriental Region for the construction of a pipeline for the export of the gas discovered at TE-5 well of Tendrara deposit. Contacted by us, the Wilaya of Oriental has neither confirmed nor denied the information."


4. Africapital Management Awarded in Dubai: "Africapital Management announced that its Africapital Cash Fund was elected the best CT bond fund (Bond Morocco Dirham-Short Term) of the place during Lipper Fund Award 2017, organized by Thomson Reuters in Dubai. For the management company, this award crowns its new management approach and its solid expertise."


5. Unemployment Rate Rose from 9.1% to 9.3% in the Second Quarter: "The unemployment rate is rising again. In the second quarter of 2016, it rose from 9.1 to 9.3% in the second quarter of 2017, a rise of 0.2 percentage points. This is reflected in the information note from the High Commission for Planning (HCP) on key labor market indicators in the second quarter of 2017. In urban areas, this rate is 14% compared with 13.4% a year earlier, while in rural areas, the unemployment rate decreased from 3.5% to 3.2%. The number of the unemployed has thus increased by 33,000 at the national level, bringing the total number of unemployed to 1,123,000."

 

 

Crédit : IMPERIUM MEDIA

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