1. Exchange Rate Regime: Boussaid Affirms That the Reform Aims to Reinforce Moroccan Competitiveness: ""The reform of the exchange rate regime aims to accompany the opening up of Morocco to the world economy and the structural transformations in the national economy, as well as its integration into global value chains," underlined, in Rabat, on Tuesday, the Minister of Economy and Finance, Mohamed Boussaid. In response to a question before the House of Councilors, Boussaid has affirmed that this reform aims to preserve and strengthen the Moroccan economic competitiveness, to improve the rate of growth and employment, to consolidate the capacity of the national economy to cope with the possibility of an external shock, and to reduce pressure on the currency reserves."
2. LafargeHolcim Maroc Afrique Launches Six New Cement Plants Projects in Africa: "LafargeHolcim Maroc Afrique is developing six new cement plants projects in Africa and accelerating the deployment of its "Binastore" distribution network. "At the end of their strategic study launched 6 months ago, LafargeHolcim and SNI have decided to launch via their joint subsidiary LafargeHolcim Maroc Afrique (LHMA) six new cement plants projects in the next 24 months," announces a statement of LHMA."
3. Faurecia: A Third Site in the Pipe: "As announced, the French Faurecia has just inaugurated its factory in Salé to strengthen its Seating business. The new site, which extends over 12,800 m2, required an investment of 170 million Dirhams. It will create more than 1,300 jobs, with the prospect of eventually hosting 1,800 employees."
4. The Cameroon Branch of BCP Raises Its Capital to 28 Billion CFA Francs: "Banque Atlantique Cameroun, a subsidiary of the Moroccan group, Banque Centrale Populaire (BCP), has decided to increase its share capital by 28 billion CFA Francs. This recapitalization corresponds to "a whole new vision and many changes", underlines the Cameroonian subsidiary. It added, "Banque Atlantique is more than ever at the heart of investment in Cameroon.""
5. OCP Denounces "Serious Political Interference" in the Case of the Ship Boarded in South Africa: ""In deciding to refer the case of the ship "Cherry Blossom" to the merits, the South African court makes an eminently political decision and commits a serious abuse of power," esteem OCP group in a statement, denouncing "serious political interference." "Not only does it (the court) assume jurisdiction to act which contravenes the basic principles of international law but, moreover, its decision constitutes political interference in the process conducted under the auspices of the United Nations Security Council," deplores OCP."
Crédit : IMPERIUM MEDIA
