MorocCÔnnected
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This Saturday, February 22, French Prime Minister François Bayrou will host his Moroccan counterpart, Aziz Akhannouch, at the Hôtel de Matignon for a bilateral meeting followed by a working lunch. Their discussions are expected to focus on key areas such as economic relations, agricultural cooperation, and bilateral investments, reinforcing the strategic partnership between the two nations. The meeting coincides with the opening of the International Agricultural Show in Paris, where Morocco has been designated as the guest of honor. @MorocCÔnnected
Operation Global Services (OGS), a subsidiary of BANK OF AFRICA and a key player in banking services, particularly in electronic payments, has successfully obtained the PCI DSS (Payment Card Industry Data Security Standard) certification, an international benchmark for securing cardholder data. Granted after an independent and rigorous audit, this certification underscores OGS's unwavering commitment to maintaining a payment environment that meets the highest security standards, ensuring that all transactions processed through BANK OF AFRICA are safeguarded against cyber threats, data breaches, and fraud attempts. By adopting these global security protocols, OGS reinforces its mission to provide its clients and partners with reliable and secure payment solutions, demonstrating its dedication to placing data protection at the core of its financial services. @MorocCÔnnected
The Federation of African National Insurance Companies (FANAF) is inaugurating its 49th General Assembly on February 24 in Marrakech, bringing together key stakeholders from the insurance and financial sectors across the continent. This annual event serves as a crucial platform for industry leaders to discuss emerging trends, regulatory developments, and strategies to enhance the resilience and growth of the African insurance market. With a focus on innovation and adaptation to evolving economic and environmental challenges, the assembly aims to foster collaboration and drive forward sustainable solutions for the industry. @MorocCÔnnected
The Casablanca Stock Exchange saw a dynamic week from February 17 to 21, with trading volume soaring past 2.65 billion MAD. SODEP-Marsa Maroc took the lead, driving 13.02% of transactions, ahead of Attijariwafa Bank (10.07%) and Alliances (8.48%), shaping the market’s momentum. With a total market capitalization hitting 861.96 billion MAD, the exchange continues to affirm its strength in Morocco’s financial landscape. @MorocCÔnnected
The UK Foreign, Commonwealth and Development Office (FCDO) announced the appointment of Alex Pinfield as the new British ambassador to Morocco, succeeding Simon Martin. According to the FCDO, Pinfield will officially assume his duties in August 2025, bringing with him over two decades of diplomatic experience. Having joined the FCDO in 1999, he has held several senior positions, making him well-equipped to strengthen UK-Morocco relations in trade, security, and cultural cooperation. @MorocCÔnnected
The Mohammed V Stadium in Casablanca is set to reopen soon, following extensive rehabilitation and renovation work aimed at modernizing the iconic sports venue. The renovations included infrastructure upgrades, seating improvements, and the installation of a brand-new pitch, which was officially completed on Saturday, February 22, 2025. With these enhancements, the stadium is now ready to host major sporting events and offer an improved experience for both players and spectators. @MorocCÔnnected
An international trade fair and exhibition center is set to be built in Marrakech, covering an area of approximately 50,000 square meters. The facility will feature a state-of-the-art auditorium, a showroom, and a spacious exhibition hall, positioning Marrakech as a key hub for international business events and cultural exchanges. This ambitious project, spearheaded by the Marrakech-Safi Chamber of Industry and Services in collaboration with the National Agency for Public Equipment (ANEP), aims to boost the region's economic appeal and attract global exhibitors and investors. @MorocCÔnnected
Finland has decided to shut down the representation of the "Polisario Front" in the country, marking a significant shift in its stance on the Sahara issue. This decision also includes a restriction preventing the group from organizing any events or activities without prior authorization, reinforcing Finland's commitment to a more regulated approach to diplomatic and political engagements. By taking this step, Finland aligns itself with international efforts to maintain stability and clarity in the handling of territorial disputes, signaling a potential shift in European policies towards the region. @MorocCÔnnected
For the first time, the prestigious ESTA Awards, often referred to as the Oscars of the industry, have recognized a Moroccan company among their finalists. Somalev, a national leader in heavy lifting engineering and industrial transport, has been selected for its expertise in a sector traditionally dominated by European giants. Specializing in wind farm installations and port handling operations, particularly at Tanger Med, Somalev’s nomination highlights Morocco’s growing influence in the global industrial logistics sector. If successful, the company could become the first African enterprise to win an ESTA Award, with winners set to be announced on April 10, 2025, in Munich. @MorocCÔnnected
Morocco is preparing to re-enter the international sovereign debt market with a euro-denominated bond issuance, marking its first such move since 2020. According to Bloomberg, the Treasury aims to secure funds for costly reforms linked to the country's co-organization of the FIFA World Cup, a priority highlighted by Economy and Finance Minister Nadia Fettah during her participation in the Emerging Markets Conference in Riyadh. This strategic issuance, following a dollar-denominated bond in 2023, reflects Morocco’s efforts to diversify its financing sources while sustaining large-scale economic and infrastructure projects. @MorocCÔnnected
