1. BMCI Treasury: Fitch Ratings confirms 'AAAmmf (mar)' rating for the 7th consecutive year: "Fitch Ratings has confirmed the national rating of the" AAmmf (mar) "monetary fund of the SICAV" BMCI Trésorerie "managed by BMCI Asset Management for the 7th consecutive year. "This is the highest rating that can be attributed to a money market fund in the Moroccan market. It indicates the extremely strong capacity to preserve capital and maintain liquidity by limiting credit, market and liquidity risks in relation to other short-term investments in Morocco, "BMCI said.
2. The Crédit du Maroc subordinated bond subscribes 40 times: "Successful operation for the Crédit du Maroc Group. The Group's subordinated bond issue was a great success. The loan has been subscribed 40 times. "Thereby, for the 500 million dirhams issued, the amount requested reached 19.7 billion dirhams. This success testifies to the confidence of investors and financial markets in the fundamentals and strategy of Crédit du Maroc, "says Crédit du Maroc. The Group reports that this exercise is a part of a 2 billion DH bond issuance program that runs for a period of five years. "
3. Saham Assurance: 2016 results impacted by a tax audit: "Saham Assurance's annual net income for 2016 will be impacted by the exceptional tax burden of Dh130 million, Announced on Tuesday Group Insurance Saham. "Saham Assurance has been subject to a tax audit for corporation tax, income tax, value added tax and registration and stamp duties for fiscal years 2012-2013-2014 and 2015, "the insurer said in a statement".
4. Label'Vie updates its commercial paper program: "The retail specialist, Label'Vie, has updated its information package on the issuance of commercial paper for the financial year 2014. According to a note dated 22 December by the Ethics Council for Securities (CDVM), the program covers a ceiling of 800 million dirhams for a nominal unit value of 100,000 DH. The program is maturing from 10 days to 12 months with an interest rate determined for each issue depending on market conditions. CDG Capital is the agency responsible for the placement ".
5. The Municipal Capital Fund negotiates EUR 100 million with the EIB: "Negotiations are continuing between the Municipal Equipment Fund (MEF) and the European Investment Bank (EIB) for a new loan. According to a source close to the file, the amount of this financing has been revised downwards. It was divided by two. Instead of 200 million euros, about 2 billion DH originally envisaged, as we announced in exclusivity last October, the two parties therefore negotiate only 100 million euros. Always according to our sources, the board of directors of the EIB, the financial institution of the European Union, is due to meet during the first half of 2017 for the review and approval of this loan at a reduced cost " .
6. Hilton partners with Group Sadiki for a hotel in Casablanca: "The international hotel company Hilton has just signed a management agreement with Group Sadiki, a Moroccan multi-sector company, in order to open its first hotel in Casablanca. Arrives after a landmark year for Hilton in Morocco, which re-established its presence in the country in March 2016 with the opening of the Hilton Garden Inn Tangier City Center.The mid-range Hilton Garden brand will soon be represented in the largest city Of Morocco, "said the top management of the channel in a statement distributed by APO. Hilton Garden Inn Casablanca in Sidi Maârouf will initially have 118 rooms and a space available for its expansion.
7. The Label CSR awarded to Total Morocco and TMPA: " The President of the General Confederation of Moroccan Companies (CCMC), Miriem Bensalah-Chaqroun, awarded the CCMC Label for Corporate Social Responsibility (CSR) to four companies, on the advice of the Award Committee. These are Total Maroc and Tanger Med Port Authority "TMPA" for the first award and HPS Maroc and the Casablanca Stock Exchange for its renewal.
8. Microsoft Morocco and Silatech complete the 2nd edition of the «Ta3mal Camp»: "Improving Employability and Promoting Entrepreneurship and Community Engagement" was the objective of the second edition of the «Ta3mal Camp» initiative Launched by Microsoft Maroc and the ONG Silatech, held from 30 December 2016 to 1 January 2017 at the Mehdia Red Crescent Center. "This second meeting was a real success and joined our efforts With Microsoft in Morocco to support young people in the realization of their career plans through training offers, advice and employment opportunities, "said Mariam Tyabji-Guyer, representative of Silatech in Morocco.
9. Air France is increasing its frequencies in Morocco: "Motivated by the positive results for 2016, Air France is increasing its frequencies to and from Morocco. According to the general manager of Air France-KLM for North Africa, Denis Hasdenteufel, despite a difficult international environment, marked by the terrorist attacks in Paris, which had a significant impact on the Tourism sector, Air France Is relatively well out overall ".
10. LafargeHolcim Maroc completes the absorption of Lafarge Cementos: "After the exchange of shares on January 4, LafargeHolcim Maroc increased its capital by 702.1 million DH to 702.9 million DH For this merger The cement group was advised by Attijari Finances Corp and CFG Bank.
Crédit : IMPERIUM MEDIA
