Council of Ministers: New investment dynamics
A new casting is in place to support the investment development system in Morocco. In addition to the legislative and regulatory work, marked in particular by the recent adoption in the Government Council of the decree relating to support for SMEs, the implementation of strategic orientations has been entrusted to experienced profiles.
Following the departure, a few weeks ago, of Mohamed Benchaâboun , appointed head of Maroc Telecom, it is Nezha Hayat, former president of the Moroccan Capital Markets Authority (AMMC) , which takes over the Mohammed VI Investment Fund. She was appointed to this position by HM the King, during the last meeting of the Council of Ministers. It is the centerpiece of the reformed institutional framework for investment development, alongside the reform of the Regional Investment Centers (CRI). Nezha Hayat is expected in particular to accelerate the deployment of the measures provided for in the Investment Charter. One of the first projects concerns the activation of the special support regime for VSMEs.
This particularly concerns the implementation of the support measures provided for by this decree, in application of the Charter, including assistance for the creation of permanent jobs, territorial allocation to reduce regional disparities and the special subsidy for priority sectors. Other projects , launched by Mohamed Benchaâboun, will have to be continued by his successor. In addition to the mechanisms provided for by the Charter, it is also a question of activating a series of strategic levers, including that linked to supporting the emergence of a more robust private equity industry, with a more tangible impact on the economy. The Mohammed VI Fund plans in particular to contribute to the realization of 120 to 150 billion dirhams of investments. (USD 12 to 15 billion) over the next 5 years, according to the commitments made by its former director. Another strategic project is the continued implementation of thematic or sectoral sub-funds. These funds will help companies develop, access new markets, and strengthen their governance. Calls for expressions of interest have already been launched under Benchaâboun ‘s mandate for the selection of management companies. In any case, the missions of the Mohammed VI Fund are clear, particularly in terms of promoting productive investment and optimizing the capacities of companies to achieve their full potential. In addition, missions relating to the contribution to the financing of infrastructure projects, within the framework of public-private partnerships, in strategic sectors such as water and energy.
New pilot for Tamwilcom
Another strategic mechanism in the strategy of developing the entrepreneurial fabric and investment dynamics, Tamwilcom , now has a new boss. Said Jabrani succeeds Hicham Zanati. Serghini heads the National Company for Guarantee and Corporate Financing. This former banker, who has worked at Bank of Africa , BMCI, and Crédit du Maroc, is a graduate of the Ecole Centrale de Paris. He will now lead this body responsible for public financing guarantees. Tamwilcom is a public financial institution governed by banking law. It works with its partners in the financial sector to meet the needs of businesses through financing mechanisms adapted to the different stages of their life cycle. It should also be noted that the guarantee fund specifically intended for public institutions and companies has been transferred to Tamwilcom.
Boosting digital development
Following the arrival of a new minister in charge of the Digital Transition, it is now the turn of the Digital Development Agency (ADD) to change its boss, in a logic of rejuvenating public leaders. Mohamed Drissi Melyani thus cedes this post to Amine El Mezouaghi. He will have to give a new boost to this central entity of the digital transition strategy, directly involved with the ministry in a series of projects, particularly in terms of digitalization of the administration and supporting the emergence of a technological ecosystem. The ADD is also the linchpin in the organization of certain flagship events such as Gitex Africa Marrakech.
M.A.M.
