First Independent Mena Newspaper
Morocco’s informal sector has grown to approximately 2.03 million informal production units (IPUs) in 2023, an increase of 353,000 units since 2014, according to the National Survey on Informal Production Units published Wednesday by the High Commission for Planning (HCP). The expansion has been predominantly urban, with 77.3% of IPUs located in cities. The Casablanca-Settat […]
Morocco plans to introduce subsidies to help small companies leave the informal sector, employment minister Younes Sekkouri said. The aid consists of 10000 dirhams to subsidize rent payments of small companies to help them integrate the formal sector, Sekkouri said. Sekkouri deplored that 70% of Moroccan entrepreneurs are operating in the underground economy. He also […]
Morocco’s lower house adopted a draft bill on tax reform that aims at achieving tax equity and boosting state tax revenues to fund development projects. The new text also aims at curbing the tax evasion and reduce the size of the informal sector, while making tax incentives more rational in case of the absence of […]
The scale of the informal sector in the Moroccan economy amounts to 30% of GDP said a new study conducted by the Central Bank. The informal economy leaves workers in vulnerability without pension or health insurance and undermines the economy due to tax and anti-competitive practices. In the MENA region the average part of the […]
The informal sector makes up 20% of Morocco’s GDP said a study conducted by the association of Morocco’s employers (CGEM). The study shows that the textile sector remains the most affected with the informal economy rising up to 54% followed by road transport 32%, construction 31% and agri-food industry 26%. The informal sector employs 2.4 […]
Morocco which has already become, thanks to its economic openness policy, an international trade hub can rightfully aspire to join the club of emerging nations but further efforts are needed to address some malfunctions and improve the business environment. The remarks were made on Wednesday by Morocco’s King Mohammed VI who pointed out that catching […]