News

For this edition of the AGR House View, we focus on the virtuous circle of resilience on which Morocco will rely to achieve its  strategic objectives. In fact, the post-Covid experience reveals that resilience can also trigger virtuous cycles to the benefit of some countries.

The release of listed companies¡¦ 2023 annual results took place within a context marked by the visible decline in inflation, an economic growth of almost 3.0% and the confirmation of the end of the tightening monetary cycle through an unchanged key rate at 3% since June 2023. 

Attijariwafa bank confirms the resilience of its ¡§business model¡¨ through both a solid and a sustainable growth since the Covid crisis. With its strong positioning, the Group would be at the heart of the new investment dynamic in Morocco over the 2024-2030 period . 

Managem Group, a leading mining player, is launching a new capital increase operation for a total amount of MAD 3.0 Bn. The main aim is to accelerate the deployment of its 2023-2025E investment program while ensuring the solidity of its balance sheet.

For the 4th consecutive time, Bank Al-Maghrib decides to keep its Key Rate unchanged at 3% during its first monetary policy committee in 2024. The institution had abandoned its restrictive monetary policy, after three cumulativeincreases of +150 BPS of its Key Rate since September 2022.  

During our recent survey, we identified investors' expectations regarding the evolution of the Moroccan Central Bank Key rate during its first monetary policy meeting scheduled for March 19th, 2024

In 2023, listed companies operated in an economic context marked by an average inflation rate of 6.1%, compared with 6.6% a year earlier. This easing of inflationary pressures was reflected in the growth in the market’s revenue, which broke with the high levels observed during the 2021-2022 period.

In 2023, Attijariwafa Egypt has reached a notable milestone with a remarkable market share, far exceeding its usual market share.

Through its Trading room, Attijariwafa bank operates in the various segments of the Debt Capital Market