
U Express Supermarket Chain Expands in Morocco with Four New Locations
After two years of activity in Morocco, the French giant in food distribution, U Express, is preparing to launch very soon four new points of sale.

After two years of activity in Morocco, the French giant in food distribution, U Express, is preparing to launch very soon four new points of sale.

The economic recovery of Morocco is unanimous among global economic data analysis agencies. The kingdom would record the highest growth rate in Africa this year.

In 2020, sight deposits recorded by the participatory banking sector in Morocco reached an outstanding amount of 3.8 billion dirhams (MMDH), an increase of 49% compared to the previous year.

The place and role of the Moroccan diaspora are of great importance in the new development model (NMD) of the kingdom. The subject that concerns the Special Commission on the Development Model (CSMD) was at the heart of a meeting on Wednesday in Rabat, in coordination with the delegate ministry in charge of Moroccans residing abroad .

The upturn continues for the Moroccan economy. Presenting the general framework for the preparation of the 2022 Finance Act, the Minister of Economy, Finance and Administration Reform, Mohamed Benchaâboun, stated that the [growth rate] should be around 3.2% next year.

The regional accounts for 2019 are now available. Greater Casablanca, Rabat-Salé-Kénitra and Tanger-Tétouan-Al Hoceima are the three regions that contribute more than half of the Moroccan GDP .

Conjunctural indicators suggest a good recovery of economic activity in the coming months. The announcement was made by the Directorate of Studies and Financial Forecasts (DEPF) in its recent economic note.

The High Commission for Planning (HCP) forecasts economic activity growth of 7.2% for the third quarter of 2021.

Morocco has been able to take advantage of the Covid-19 crisis to turn it into an opportunity and launch an ambitious program of transformative reforms capable of boosting GDP growth to 4.6% in 2021. This is what a World Bank report on the evolution of the economic situation indicates.

In line with the expected rebound in economic growth in 2021 and 2022, remittances from Moroccans living abroad (MRE) to Morocco are expected to increase by 7.6%, reaching 73 billion dirhams in 2021 and an increase of 2.8% to reach 75.4 billion in 2022.

Bank Al Maghrib (BAM) is forecasting economic growth of 5.3%. However, this forecast is surrounded by a high level of uncertainty due to the new variant of the virus and disparities on the epidemiological map worldwide.

For a good resumption of flights, the National Federation of Tourist Transport (FNTT) lists some recommendations. It wants, among other things, to participate in the decision-making concerning the sector.