Morocco
Morocco Braces for Coffee Price Hike in Cafes After Eid al-Fitr
Moroccans could expect a price increase in cafes after the celebration of Eid al-Fitr .
Topic
Competition Council
Morocco
Morocco Ends Service Fees for Online Bill Payments, Competition Council Reports
Economic operators who continued to charge service fees to their customers when paying bills electronically have stopped this practice, the Competition Council announced on Tuesday.
Morocco
Ramadan Approaches as Fish Prices Surge in Morocco, Sparking Political Action
A few days before the start of the holy month of Ramadan, fish prices are soaring to the dismay of Moroccan consumers. Concerned about the situation, the parliamentary group of the Party of Justice and Development (PJD) is seizing the Competition Council.
Morocco
Morocco Imposes $183 Million Fine on Oil Companies for Antitrust Violations
Following the referral on June 23, 2023 by the general rapporteur, the Competition Council imposed a large fine on the nine companies supplying, storing and distributing diesel and gasoline, involved in anti-competitive practices in the hydrocarbons market.
Morocco
Morocco Bans Unjustified Online Payment Fees to Boost Digital Economy
The Competition Council has issued a warning: service fees added to online payments in several economic sectors have no justification. These additional costs, according to the Council, hinder the digitalization of the economy and weigh heavily on the budget of consumers.
Morocco
Moroccan Firm Akwa Africa to Acquire TotalEnergies' Mauritanian Subsidiary for $185 Million
The acquisition by Akwa Africa, a subsidiary of the Akwa group, the holding company of the Moroccan head of government, of the Mauritanian subsidiary of the French energy group TotalEnergies will soon be official. In Morocco, the Competition Council has given the green light to Aziz Akhannouch’s company.
Morocco
Moroccan Investor Acquires Afia Cooking Oil Brand Amid Rising Production Costs
"Savola Morocco SA", manufacturer of the Afia cooking oil brand and a subsidiary of the eponymous Saudi group, is now part of the portfolio of the Moroccan Zine Capital Invest SA. Through this acquisition, subject to obtaining the authorization of the Competition Council, the group is diversifying its activities in Morocco.
Morocco
Morocco Fuel Prices Drop: Diesel and Gasoline Set for Significant Decrease
The price of diesel and gasoline should record a decrease this Saturday, October 1st, due to a decrease in the price of a barrel internationally.
Morocco
Morocco Considers Windfall Tax on Oil Distributors' Profits
On the recommendation of the Competition Council, the government is considering including in the 2023 finance bill the introduction of an exceptional tax on the super-profits of oil distributors.
Morocco
Morocco's Competition Council Urges Fuel Market Reforms Amid Soaring Prices
Faced with the surge in the prices of inputs and raw materials worldwide, which is negatively impacting the competitive functioning of domestic markets (fuels) in Morocco, the Competition Council recommends in particular to urgently and as a priority review the framework and mode of regulation of the diesel and gasoline markets.
Morocco
French Retailer Celio Set for New Ownership in Morocco, $10 Million Deal Pending
The management of Celio, the French ready-to-wear brand exclusively for men and which has a multitude of stores in Morocco, will be entrusted to another holding company. The procedure for this change of hands has started and could soon lead to a final agreement.
Morocco
Morocco's Accountant Association Fined $300,000 for Anti-Competitive Practices
The Order of Chartered Accountants of Morocco has just been ordered by the Competition Council to pay the sum of 3 million dirhams for anti-competitive practices.