A few hours before the start of the month of Ramadan in Morocco, King Mohammed VI instructed the officials of the Mohammed V Foundation to launch the 22nd edition of the food distribution operation for the benefit of three million people.
Hemp oil and other cannabis-based cosmetic products, previously rare, are now gaining ground in Morocco. However, the legal gray areas around cannabis production are slowing down any possibility of development.
The draft law on self-production of electrical energy filed with the General Secretariat of the Moroccan government is causing waves in the business community. Renewable energy professionals are not ready to pay triple to benefit from the national electricity ecosystem, distribution services and network use.
Mired in a deep crisis, the former giant of computer equipment and IT solutions distribution in Morocco, Diffazur, has been placed in receivership.
Calls to boycott French products do not seem to be heard in Morocco. For now, this mobilization is limited to social networks and no action has been observed on the ground.
The closure of Morocco’s borders has exposed the role of the black market in the north of the country. It is a provider of unsuspected jobs and fortunes.
The prices of hydroalcoholic gels will remain unchanged for the next six months in the Kingdom. This is a decision of the Ministry of Economy, Finance and Administration Reform, after consultation with the Competition Council.
The Moroccan dirham appreciated by 0.29% against the dollar and depreciated by 0.11% against the euro, during the period from August 27 to September 2, 2020.
The Moroccan police are putting pressure on smuggled alcohol sellers. Several operations were carried out simultaneously in several cities.
A new case is shaking the computer and electronic equipment distribution sector. The semi-wholesaler PC d’Or based in Témara owes tens of millions of dirhams to its creditors.
The investigation into the alleged cartel of fuel distributors has been completed, and the Competition Council has sent its final grievances to the Groupement des Pétroliers du Maroc (GPM) and the 9 operators concerned.
The Turkish specialist in low-cost fashion, LC Waikiki, has released 100 million dirhams to finance its subsidiary LC WAIKIKI Retail MA in these times of covid-19.