MuO – Casablanca Stock Exchange- Capital Market Authority (AMMC)- Professional Association of Brokerage Companies (APSB)- Maroclear

Morocco’s special earthquake reconstruction fund hits $2 bln milestone

The special fund launched to finance reconstruction efforts in quake-hit areas is about to hit the $2 billion milestone or 20 billion dirhams, central bank governor said. The earthquake that hit on September 8 claimed 3000 lives and shattered many villages in the western High Atlas. Up to Dec 15, the fund had 19 billion […]

Republican Don Bacon adds weight to congressional push to designate Polisario terrorist group

Republican Congressman Don Bacon has joined the growing list of lawmakers backing a bill that would require the U.S. administration to designate the Algeria-backed Polisario separatist militias as a Foreign Terrorist Organization (FTO). His endorsement is seen as a significant development because of his seniority and long background in US national security, le360 reported. Bacon, […]

French Veolia to divest its stake in Morocco’s Lydec

French Veolia plans to sell its stake in utilities company Lydec, a Casablanca-listed company that manages water supply, electricity distribution, and sewage. Veolia will sell its stakes to Société Régionale Multiservices Casablanca-Settat, in line with authorities’ plan to put utilities under the authority of regional companies owned by the state. Lydec oversees the delegated management […]