Moroccan employers happy with interest rate cuts

Head of Moroccan employers association (CGEM) Chakib Alj said the key interest rate and reserve requirement cut to 1.5% and 0% respectively are conducive for an economic recovery from the repercussions of the coronavirus. These cuts give banks more flexibility in financing enterprises during this crisis notably SMEs, he told local media. The government has […]

The Guardian: Casablanca Finance City, gateway for international investment into Africa

The Casablanca Finance City impressive growth and its rapidly mushrooming new high-rise buildings stand as a model for African development and a gateway for international investment into Africa, said the Guardian daily. The attractive tax regime of Morocco’s financial center has brought in entities from across the globe. It now hosts 240 companies, including Huawei […]

Aeronautics: Big U.S. companies set up in Morocco plant specialized in passenger-to-freighter conversion

American companies Kansas Modification Center (KMC), Stratos Industries, and Integrated Aerospace Alliance (IAA) have chosen Casablanca to install their plant specialized in the conversion of Boeing passenger planes into cargo aircraft. The announcement was made lately by the three partners in a joint press release. They chose the North African Kingdom for its political stability, […]