1. Consumer Credit: Personal Loans Decline by 4.5%: "Personal loans have recorded a decrease in the first quarter of 2017. Aujourd’hui Le Maroc, in its delivery of this June 15, nonetheless points out that consumer credit and leasing have continued at a steady pace at the end of March, with a consolidated production. Thereby, the gross outstanding amount of consumer loans is estimated at 46.45 billion Dirhams, an increase of 8.9% over the same period last year, an increase that can be explained by the rise in auto credit."
2. The Charaka Fund Launched in Casablanca: "The call for projects of the "Charaka" fund of vocational training, as part of the implementation of the 2nd "Compact II" cooperation program between the Government of Morocco and the Millennium Challenge Corporation (MCC), was officially launched in Casablanca on Wednesday, in the presence of the Secretary of State in charge of Vocational Training, Larbi Bencheikh, and the Chargé d'affaires of the US Embassy in Rabat, Stephanie Miley."
3. Promotion of Employment: ANAPEC and CNSS Mobilize Their Skills: "A framework agreement between ANAPEC and CNSS was signed on June 13 to promote jointly-managed employment incentives. In addition to TAHFIZ, the newly created companies, the Enhanced Insertion Contract (CIA), the Employment Integration Contract (CIP), and the Compensation Scheme for Job Loss (PEI) are concerned."
4. Ciment d’Afrique Inaugurates a Cement Factory in Chad: "The Moroccan group Ciment d’Afrique (Cimaf) is expanding its activity in Chad. The subsidiary of the Sefrioui group has just inaugurated a cement factory in this African country, with a production capacity of 500,000 tons per year. "The inauguration of the site was chaired by the President of Chad, Idriss Deby Itno, in N'Djamena last Monday," reports the MAP. The Cimaf-Tchad plant, located at the northern exit of the capital, requires an investment of about 23 billion CFA Francs (approximately 39 million Dollars), fruit of cooperation between Chad and Morocco."
5. Fitch Expects an Increase in Deposits in Participatory Banks in Morocco: "The deposits that will be collected by the participatory banks in Morocco could experience a decrease from 5 to 10%, according to forecasts from the global rating agency Fitch Ratings. "The prospects for growth of participatory banks look positive in Morocco because deposits represent about 70% of the financing of the banking sector," specifies Agence Fitch."
Crédit : IMPERIUM MEDIA
