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  • The Moroccan Economy in Brief of 25/01/2017: Pan-African Agreement between Vivo Energy and Orange

The Moroccan Economy in Brief of 25/01/2017: Pan-African Agreement between Vivo Energy and Orange

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1. The RIC of Fes-Meknes adopts 168 projects of more than 2,8 MMDH in 2016: "The Regional Investment Center (RIC) of the Fez-Meknes region approved, in 2016, some 168 projects with a global investment of 2.87 billion Dirhams (MMDH) ".


2. The deficit reduced to 41.6 billion DH in 2016, optimistic forecasts for 2017: "Pressure on public finances is expected to ease further this year, with all forecasts pointing to continue the easing of state finances in 2013, in particularl as a result of the reforms that have affected public subsidies Imported products, especially the petroleum products. For instance, in its forecasts for this year, the government plans to reduce the budget deficit to 3% of Gross Domestic Product, GDP, given that it peaked at 7.2% in 2012 before beginning to decline. To 4.3% in 2014 and then to 4.3% in the following year. "


3. Agadir is hosting the 3rd edition of its "Gastronomic Encounters" next March: "The 3rd edition of the" Gastronomic Encounters "of Agadir will take place from 16th to 19th March with the participation of thirty Moroccan and French chefs ".


4. Eurozone kicks off on the right foot in 2017: "Growth remained strong at the start of the year in the Euro area. Reuters believes that the Euro's decline has boosted demand for manufactured exports while services continued to grow in spite of rising prices. According to the same source, the IHS Markit composite index is considered as a good indicator of growth, edged down to 54.3 in January after reaching a five-year high at 54.4. Reuters said that it was 54.5, but remains firmly above the threshold of 50 from which it reports growth. Several signs show particularly encouraging signs ".


5. Al Omrane wins ISO 9001 version 2015: " Al Omrane Holding wins the ISO 9001 version 2015 of the quality management system certification. The Holding Al Omrane is certified ISO 9001 VERSION 2015. It has passed the challenge of certification of its Quality Management System (QMS) according to the requirements of the ISO 9001 version 2015 standard. This reinforces the Group's commitment to modernizing its management activities and practices. "


6. Morocco represented at the Aerospace Meetings and Plastics Meetings: "Morocco will participate in the Aerospace Meetings and Plastics Meetings, two international business conventions scheduled in Lisbon for 1st and 2nd February. Meetings will be organized by Maroc Export in collaboration with the Moroccan Aeronautics and Space Industries Group and the Moroccan Plastics Federation.


7. The African Development Bank, AfDB, has approved a 200 million Dollar loan to the Meridian Group to finance its activities at Malawi, Mozambique and Zimbabwe, where Meridian mainly operates in agricultural commodity trading, which, according to the African institution, this loan was designed to provide pre- and post-shipment financing, at each stage of the Meridian Group's agricultural value chain in these three countries. "


8. Pan-African agreement between Vivo Energy and Orange: "Vivo Energy, holder of the Shell franchise in Africa and Orange, today announced the signing of a partnership for pan-African collaboration. The implementation of this partnership allows Orange Money customers to depay, deposit and withdraw money from their Orange Money account at Shell-operated service stations and stores operated by Vivo Energy. Already available in Mali, Ivory Coast and Madagascar, the service will be extended in the second half of 2017 to other countries in which both partners are present. "


9. The Renault Maroc Group maintains its leadership: "Through its two brands, Renault and Dacia, the Group sold 2,985 vehicles in August, as a result recording a market share of 36.6%, while the VU segment recorded an increase of 184.8% In the single month, thanks in particular to the excellent performance of Master. At the end of August, the Group achieved a market share of 37.1% and marketed 30,371 units.

 

 

Crédit : IMPERIUM MEDIA

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