The regional office of the National Office of Electricity and Water (ONEE) in Oualidia was shaken by a case of fraud and embezzlement. An employee of the agency is suspected of having embezzled 500,000 dirhams, intended for the payment of invoices.
According to the High Commission for Planning (HCP), in its third survey related to the impacts of Covid-19 on business activities, conducted from December 22 to 30, 40% of Moroccan companies have indicated that they no longer have cash reserves for the second half of 2020.
A $100 million fund dedicated to Moroccan small businesses has been created by the United States. The initiative comes from the International Development Finance Corporation (DFC) in collaboration with SEAF Global.
The treasurer of the municipality of Meknès has just been indicted for his alleged involvement in a case of embezzlement of tax revenues, forgery and use of forgeries. The individual is suspected of having embezzled more than 2 million dirhams.
The Minister of Economy, Finance and Administration Reform, Mohamed Benchaâboun , met on Tuesday with the European Commissioner for Neighborhood and Enlargement, Oliver Varhelyi. A meeting during which the national finance minister requested the participation of the European Union (EU) in the Mohammed VI Fund for Investment.
The criminal chamber of the Fès Court of Appeal annulled the judgment rendered at first instance against a couple of entrepreneurs, accused of misappropriation of public funds, forgery and use of forgery. The spouses had benefited from funding from the National Agency for the Promotion of Employment and Skills ANAPEC.
The Alternative Movement for Individual Freedoms (MALI) has set up a fund that will allow women to avoid clandestine abortions with serious consequences. This is the means found by the movement to help women despite the restrictions imposed by Covid-19.
Between April 2019 and April 2020, the General Secretariat of the Government received more than 900 declarations from 218 associations regarding the subsidies they received from foreign countries or associations or international organizations.
As part of the "Relance TPE" and "Damane Relance" mechanisms, 22.4 billion dirhams in guaranteed loans have been granted to 15,183 companies. The objective of these two mechanisms is to enable Very Small Enterprises and Large Enterprises to finance the gradual return to normal activity in Morocco.
The European Investment Bank (EIB) is granting 100 million euros to Morocco to help it cope with certain urgent needs arising from the Covid-19 pandemic. The Moroccan Minister of Finance, Mohamed Benchaâboun, and Emma Navarro, Vice-President of the EIB, announced the signing on Monday, August 31.
Moroccan experts and analysts are looking at the financial structure of the strategic investment fund that will be endowed with an envelope of 45 billion dirhams (MMDH). This fund was created on the orders of King Mohammed VI in order to mitigate the impact of Covid-19 on the country’s economy.
The General Treasury of the Kingdom (TGR) announced that the fund set up to help fight Covid-19 in Morocco has received numerous contributions estimated at 33.7 billion dirhams at the end of July.