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  • The Moroccan Economy in Brief of 23/01/2017: Attijariwafa Bank Launches in Congo its Club Africa Development

The Moroccan Economy in Brief of 23/01/2017: Attijariwafa Bank Launches in Congo its Club Africa Development

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1. Attijariwafa bank launches its Club Africa Development in Congo: "The banking group of Mohamed Kettani continues its implantation in Africa. On Friday, 20th January Attijariwafa bank formalized the creation of its Club Africa Development,CAD, in Congo-Brazzaville. A partnership was sealed with Crédit du Congo, a Congolese subsidiary of Attijariwafa bank, and the CAD to create the "Club in Congo". Aims: to facilitate regional exchanges and discussions on South-South cooperation ".


2. Tetouan Park is ready to welcome its first investors: "The new industrial and logistics zone of Tetouan aims, by its purpose, to become a place of choice for the most diverse investments. Aujourd'hui le Maroc tells in its 23rd January issue this project, intended to complete the offer of the large industrial platform Tanger Med, is also being prepared to welcome its first investors. It is also for the launch of a construction sites for the units during the current year on the first 24 Hectares".


3. 4.8 billion Euros granted including 1 billion for Morocco: EBRD confirms its position among the main donors in Morocco. Since the besinning of its activities in the Kingdom in September 2012 and until the end of 2016 , Investments by the European Bank for Reconstruction and Development (EBRD) amounted to 1.076 billion Euros, representing a share of more than 22% in the total funding allocated to the SEMED region (South and East of the Mediterranean) which covers 4 countries: Morocco, Egypt, Jordan and Tunisia ".


4. The 3rd edition of the International Solar Pumping Exhibition in Agadir next July: "The city of Agadir will host from 11th to 14th July the 3rd edition of the International Solar Pumping Exhibition, announced the organizers of this event, a press conference held on Saturday. "After two successful editions, the show continues to gain notoriety and scope, so we decided to organize the 3rd edition in Agadir instead of Oulad Teïma," said the the Salon Manager, Aissam El Feryati ".


5. A good Chinese GDP, but the debt problem remains: "China's economy grew by 6.8% in the fourth quarter, higher than expected and fueled by public spending and a record bank loan , However, the state's decision to actively support the economy poses the problem of an exploding debt. This is the first time in two years that the second world economy shows a growth acceleration but the year began to be both economically and politically difficult. "


6. Sound Energy expands its tentacles: "Sound Energy's presence in the Moroccan gas landscape is taking on a new dimension. The European company specializing in gas exploration in the Mediterranean region will acquire additional shares of the interests of Oil & Gas Investment Fund (OGIF) in the licenses of Tendrara and Meridja in the Oriental. The two entities have signed an agreement for this purpose.. Under this latter, Sound Energy sTATES in a statement "the company will purchase an additional 20% stake in Tendrara and a 75% stake in Meridja".


7. The ADA wants to evaluate its development program in Sefrou and Azilal: "The Agricultural Development Agency, ADA, intends to evaluate the draft Rural Development Program for mountain areas in the Sefrou and Azilal regions. The institution will call on 8th February for a technical assistance to accompany it in the evaluation process. The Service Cost: 2 million Dirhams. Under the supervision of the central coordination unit of the Program and in collaboration with the management units of the two provinces of Azilal and Séfrou (MUPP) and the National Office of the Agricultural Council, activities of the program in the field and the assessment of its effects and impacts in coordination with the MUPP ".


8.The Mitsubishi Aircraft, a subsidiary of Mitsubishi Heavy Industries, will postpone the first delivery of its regional MRJ aircraft by about two years compared to the expected mid-2018 date. According to Reuters, which cites two sources, this postponement is the fifth since the announcement of the launch of the device. This new postponement of the first delivery of Mitsubishi Regional Jet, the first Japanese civil aircraft in more than half a century, risks hampering the builder's chances of winning new orders in the regional aircraft market dominated by the Canadian Bombardier And the Brazilian Embraer, always indicates Reuters. This new 100-seater aircraft was originally intended to be supplied to the Japanese airline ANA in 2013 ".

 

 

Crédit:IMPERIUM MEDIA

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