While almost all sectors of activity are only grinding black due to the health crisis, the Moroccan leader in sugar displays great satisfaction. In seven years, the tonnage shipped has been multiplied by about 100. Cosumar paid an "exceptional dividend" of 7 dirhams, or 0.63 euros, to its shareholders last September.
The greatest uncertainty of Moroccan households at the moment is the resumption of employment. In addition to the crisis that will continue to affect their consumption, 85% of households fear an increase in unemployment.
Good news for the Moroccan cereal sector. By the end of November, more than four million hectares had been sown, putting the cereal campaign indicator in the green. The irrigated sector accounts for 10% of the sown areas.
The Delegate Ministry in charge of Moroccans Living Abroad and the General Confederation of Moroccan Enterprises (CGEM) held a meeting last Wednesday as part of the development of a national strategy for the benefit of Moroccans abroad (MREs).
The Moroccan National Tourist Office (ONMT) is exploring new high-potential markets for the revival of the sector. Countries like Israel, Portugal and even Africa are to be conquered as a matter of urgency.
The Moroccan economy should experience growth of 0.5% in the first quarter "in annual variation, after four consecutive quarters of decline", according to the High Commission for Planning (HCP) .
At the end of October, Moroccan participatory banks showed an increase in outstanding financing and deposits. This is proof of the sector’s resilience to the health crisis.
The coronavirus pandemic has not finished ravaging the world of employment in Morocco . A recent report by the Economic and Social Commission for Western Asia (ESCWA) revealed that unemployment could reach 15% in Morocco in 2021.
The Directorate of Ports and the Maritime Public Domain of the Moroccan Ministry of Equipment has just launched the call for tenders, with pre-selection, for the construction work of the strategic Atlantique Dakhla port. The opening of the bids is scheduled for January 21, 2021 at 10 a.m. in Rabat.
The American agency Fitch Ratings has just lowered Morocco’s rating from BBB- to BB+. This rating has caused the Kingdom to lose its "Investment grade".
The Maroc Telecom Group’s customer base reached 70.5 million at the end of September 2020. The group, which represents one of Morocco’s flagship companies, is showing, despite the health crisis, an increase of 4.3% compared to last year.
While all projections of Morocco’s economic growth for the year 2020 agree on rather optimistic prospects, the International Monetary Fund (IMF), for its part, has gone against the current. The institution made its opinion known in a document entitled "World Economic Outlook, October 2020" which has just been published.