AFRICA The Future for Your Business
2- Stable Macroeconomic Drivers
Maintaining macroeconomic balance is a priority for Moroccan public authorities.
Various structural actions and reforms have been undertaken to commit the country to strong, stable, and durable growth.
Thus, despite a challenging international climate, the Moroccan economy has continued to grow: positive GDP growth rate, sustainable budget deficit, decreasing foreign debt, and fully controlled inflation.
Competitive Export Costs:
Reduced tax rates the total amount of taxes paid by businesses in Morocco is equivalent to 49.6% of their profits, a competitive rate when compared to Tunisia’s rate of 62.9%
Why Moving to Morocco Makes Sense
1 – Competitive Costs
Thanks to its qualified and competitive labor force, reduced tax rates, and attractive exporting costs, Morocco has become a competitive exporting platform. The average salary in Morocco is 327 USD/month, nearly four times less than the average salary in South Africa.
3 - Access to a Market of over One Billion Consumers
Morocco's policy to be an open place for investment is a key strategy, thanks to the intelligence of the King Muhammad VI and his government. They want stimulate the country’s economic growth and attract foreign investors, who will generate technology transfers, know-how, and jobs.
Morocco has signed a number of bilateral and multilateral agreements which grant tax reductions and advocate preferential trade arrangements by making a market of 55 countries – representing over a billion consumers and 60% of global GDP – available to investors.
A founding member of the WTO, Morocco also strengthened its regional integration in 1996 by signing an association agreement with the European Union, and thus benefiting from an advanced status. Additionally, Morocco has signed various free-trade agreements with its main trading partners, namely the Greater Arab Free Trade Area (1998), Tunisia, Jordan, and Egypt (Agadir Agreement, 2004), the United States (2005), Turkey (2005), and EFTA countries (Iceland, Norway, Switzerland, and Liechtenstein, 1997). Other free-trade agreements are currently under negotiation with the West African Economic and Monetary Union, with the Economic and Monetary Community of Central Africa, and with Canada. Furthermore, Chile has been consulted about undertaking negotiations.
4 - Worldclass Infrastructure
Morocco has invested significantly in the development of its infrastructure. It now enjoys world-class installations; roads, motorways, railroads, and airports. They have efficently linked all regions of the country with the rest of the world. Thanks to the Open Sky Agreement signed by Morocco in 2006, 15 international airports now link Morocco to the world’s main economic capitals and business platforms. Morocco’s airport network serves many international companies. The Casablanca Airport has become an important air hub between America, Europe, and Africa.
5 - Qualified Labour Force
Morocco’s labour force is a major asset to competitive investment and to the creation of added value: education level, cultural openness, knowledge of languages, new technologies, corporate attitude, adaptability, and competitive salary costs.
A Young and Active Population:
• A population of 32 million
• 64% of the population aged below 34 years.
:Active population of 12 million
. Top Language Abilities
• Nearly 10 million French-speakers
• Nearly 5 million Spanish-speakers
• Widespread English knowledge (mainly young people and executives)
.Quality Higher Education,Moroccan higher education is comprised of a large university network and schools, ensuring quality training in various professions.
• 15 public universities
• 1 privately managed public university
• 2 private universities
• 103 university establishments
• 63 executive training establishments
• 197 private establishments
• 40 000 university graduates
6 – Ambitious Sectorial Strategies & Plans
To increase its visibility and attractiveness to investors and ensure strong economic growth, the Government has implemented a number of sectorial strategies:
MAROCCO (Direct Presence)
Thanks to its geostrategic position, Morocco – sitting only 14km from the European coast and at the crossroads of the main trade routes linking America, Africa, Europe, and the Middle East – it has truly become the region’s exporting hub. By optimizing the logistical channel of your business, this undeniable geostrategic advantage can be a determining factor in the decision to incorporate your investment into important international trade flows and to increase your competitiveness .
Thanks to our local partners, MCCG and Financial Group, we have several years of experience in offering a turn- key service in these areas: commercial business ,real estate, marketing strategy, search for partners, public procurement and tenders, tax law, accounting and general commercial law.
• Offshoring
• Automobile
• Aeronautics and Space
• Electronics
• Textile and Leather
• Agribusiness
Objectives
• Economically: to transform farming into an intensive, modern industry
• Socially: to modernise small-scale farming and increase the revenues of small Fellahin
• Tools: aggregation, infrastructure development, training, technical assistance
• Increased GDP
• Job creation
• Ensured food supply
• The preservation of natural resources in all regions
• The integration of Moroccan farming into the national and international markets
Impact
• 220,000 direct jobs created and reduced unemployment
• 50 billion MAD (4,4 billion EURO ) GDP increase
• 95 billion MAD (8,4 billion EURO ) in additional exports
• 50 billion MAD (4,4 billion EURO) in additional private investments
Impact
• Nearly 150 billion MAD (13,2 billion EURO ) to be invested by 2020
• An added value to be multiplied by 2.5 (jumping from 38 to 99 billion MAD / 3,4 to 8,7 billion EURO)
• Additional agricultural GDP of 70 to 100 billion MAD / 6,2 to 8,8 billion EURO
• Additional 1.5 million jobs created
• This plan aims to encourage a new wave of investments across the country, with a yearly objective of 1,000 to 1,500 projects translating into 10 billion MAD/ 0,9 billion EURO.
• Growth of exports from 8 to 44 billion MAD/ 0,7 to 3,9 billion EURO for competitive Moroccan fields (citrus, olives, fruits and vegetables)
• Two- to three-fold improvement in agricultural revenue for 3 million people living in rural areas
INDUSTRY – EMERGENCE PACT: http://www.emergence.gov.ma/
This agreement between the State and the private sector targets the following 6 priority sectors, labelled “World Crafts of Morocco” and offering
competitive advantages in:
AGRICULTURE – GREEN MOROCCO PLAN: http://www.agriculture.gov.ma/ & http://www.ada.gov.ma/
Impact
• GDP : 21,9 billion MAD (1,9 billion EURO) by 2020
• Jobs : an increase from 61 650 to 115 000
• Indirect jobs : 510 200
• Size of informal sector reduced by half, to 15 % of sector’s turnover
• Seafood exports of over 3 billion MAD (0,3 billion EURO)
• Over 1,6million tonnes of fishing production.
Fishing - Halieutis Plan:
Tourism vision 2020: http://www.smit.gov.ma/en/morocco/vision-2020
Impact
• 20 million tourists by 2020
• 8 new destinations
• 200 000 hotel beds
• 1 million tourists from targeted emerging markets
• 470 000 direct jobs created
• 140 billion MAD (12,4 billion EURO) in tourism income
• 150 billion MAD (13,3 billion EURO) in tourism GDP
Moroccan Solar Plan
• Total electric production capacity of 2 000 MW by 2020
• 5 locations (Ouarzazate, Ain Bni Mathar, Foum Al Oued, Boujdour, and Sebkhat Tah)
• 2 technologies: Concentrated Solar Power and Photovoltaics
• Increase of solar energy to 14% of total electric capacity
• Fuel savings of 1 million Tonnes of Oil Equivalent (TOE) and 3.7 million tonnes of avoided CO2 emissions per year
Moroccan Wind Plan
• Increased installed electric capacity, from 280 MW in 2010 to 2 000 MW in 2020 (38% of current installed electric capacity)
• Annual energy production estimated at 6 600 GWh (26% of current national production)
• 5 new locations: Sendouk (Tangier), Koudia Baida II (Tetouan), Taza (Taza), Tiskrad (El-Aaiún), Boujdour
• Yearly fuel savings of 1.5 million TOE and 5.6 million tonnes of avoided CO2 emissions per year.
RENEWABLE ENERGY WIND PLAN AND SOLAR PLAN
Trade and Distribution - Rawaj Plan
Impact
• To triple the current trade GDP
• To increase the participation of trade to the national GDP to 15% (compared to 11% in 2006)
• To create more than 450,000 jobs
Impact
• Logistical costs reduced from 20% to 15% of GDP by 2015
• 70 logistical areas (2,080 ha) by 2015 • 20 billion MAD (1,8 billion EURO) in direct capital gain
• 36 000 jobs created
• CO2 emissions resulting from the transportation of goods reduced by 35%
Logistics - National Strategy for the Development of Logistical Competitiveness
MOROCCO THE KEY DOOR FOR YOUR INVESTMENT IN AFRICA
Morocco can be also your platform and the gate to the African market in trading and investment thanks to the excellent relationships with the differents african gorverments. Morocco has sbscribied different bilateral treaties to develop investments and business such as Mali, Mauritania, Senegal, Guinea... .All this imply benefits in different sectors such as tax relief for more then 10 years in investments in real estate,agriculture,training,fishing, industry,... .
Morocco can be a gate for a market of 800 Milion people in all Africa.
Just an example, with special agreements with Senegal and Others countries, companies based in Morocco can obtaion special benefits, line of credits with local banks,tax exemption for 10 years and others benefits.
WEST AFRICA: IVORY COAST ( direct presence)
Ivory Coast lauched its second Eurobond on July 2014 and was a sucess.
A new Code of Investment is in force since 2012 and is attracting more and more international firms. Africa is the future and Abidjan has all to respond to your demand: infrastructures, good hotels, skilled labour force, banks institutions, stability, judicial system as the french language. It's easy to set up a local company and get the necessary permits. Protection of your investment is higher and you can send your profits. It is easy to acess to local credit. Easy to find a local partner and protect your intelectual property, easy to find a location for your business and in few days you can operate.
The Sub-Saharan Africa is a part of Africa with a high improving environment business and have a high business opportunities.
We are present in Abidjan,( Ivory Coast), Ghana and Nigeria and we can assist you in all the closed countries as Mali, Burkina Fasso, Niger,Guinea , Camerou, RDCongo, Angola and others in your private investments, trading , public procurement and tenders .
In Ivory Coast, after the recent civil war (2011) the ivorian economy is getting back as before and the GDP is increasing : in 2012 at 8,5 %; in 2013 at 8,7% and this in the public and private sector. Also many reforms are in force that will give interessing opportunities for your business. Abidjan and its port is the gate for all the french countries in the area a market of 250 Milions of persons !
The National Development Plan ( 211-2015) supported by the International Monetary Fund is helping Ivory Coast as an emerging economy where to invest. This is the moment to be present.
SOME SECTORS ARE MORE INTERESTING AS OTHERS SUCH : Infrasctructures, residential construction, social houses, agriculture sector (palm oil), oil and gas, fruit processing industry, rubber production, wood, water equipment, construction of hospitals and related equipment, schools and universities, alternative energy (solar), waste management industry, social houses for public servants... .
Of course all business related with cacaoa and coffee. But also treatment of water, fishing industry, hotels,gold, oil and gas,raw materials and agriculture products
Ivory Coast is the first country of the Union Monetary of West Africa and represent 40 % of all the economy members of the FCA (local money of this moneteray union). Population is increasing and also their education.
This country offer great opportunities for small and medium companies in sector such as:
fishing industry, commercial fishing, import and exports of froozen products, transformation of products, construction and equipment and materials related to it, infrastructures, water treatment, energy and altermative energy as solar energy, residential and commercial buildings, agriculture, telecomunication.
Dakar and its port is an open market for more then 50 Milions of persons and can serve countries as Gambia, Mauritania, Mali.
It has a stable and democratic system since many decades with a 4% of increase of GDP and with a legislation very attractive about foreign investment.
Higher demand in the sector of machinery equipment, mines industriesm plastic industry and automobile sector.
SENEGAL
Nigeria has emerged as Africa’s largest economy with 2013 GDP estimated at US $ 502 bilion. Nigeria can be defined as mixed economy emerging market.
Oil and gas of course is predominant. Economy is increasing at 6-8% per year. Nigeria has a well developed financial, legal, comunication, tran sport scorto and iso ne of the major partner of the USA and Europe.
Nigeria will get the highest average GDP growth in the next years and even if a part of country is in trouble it is one of the most interesting place inthe world for business with a population over one hundred million.
We can hel you to enter intothis market even with local serious partner.
Some important economic reforms are in course and put Nigeria on track.
IT’s THE LARGEST ECONOMY IN AFRICA.
NIGERIA
Ghana is one of the most stable countries of West Africa and one of the fastest growing country in the world.
Important are the oil and gas business but Ghana is one of the wolrd’s largest gold and diamond producers.
It’s an emerging digital economy with a mixed economy industry and agricolture.
Ghana has one nuclear power plant!
In the industry sector, we mention the automobile sector, shipping industry, industrial minerals, agricultural products as cocao and industries such as information and comunication tecnology.
Real estate and housing market offer a great opportunità and is a strategic sector (residential house and commercial center) and the public works as road, infrasytucture is also a sector interesting.
Our partners are strong compagnie in the sector and are looking for International partners in different business.
We can assist you and your business in introduce your company in the Ghana local business.
GHANA
OTHERS COUNTRIES IN WEST AFRICA:
We have strong experience and have strong business relationship with countries such as Burkina Fasso, Guinea, Mali and Niger and from our office in Abidjan all these countries are very close to assist you on your business. we are vey well introduce with local entrepreneurs and public authorities and financial institutions.
MOROCCO THE GATE AND PLATFORM FOR MAGHREB
Thanks to the economic and stability of Moroco and also to our network of partners in Algeria, Tunisia,Mauritania and Libia, the entrepeneurs can access to various investments opportunities in trading , services and industrial sectors including the assistance to obtain public tenders.
OTHERS COUNTRIES IN AFRICA
NIGER: Construction of soical houses and public works, cponstructions of hospitals, civil and commercial residences,agricultural products...
We have also developed with our partners contacts in Cameroun, Republique Democratique du Congo and Angola.
Thanks to our partners we can assist you also in South Africa.
WE CAN ASSIST YOU ON ALL THESE ISSUES and also give you all the information on customs duties, tax payment and mandatory contributions.
Nigeria has one of the fastest growing telecomunication markets and has a highly developed financial services sector( important banls,private equity funds,investments banks). We can assist you for all your business.
Nigeria has a manufacturing industry which includes leather, machinary equipment but also importanti are the mineral resources as natural gas, bauxite,zinc.. .
Nigeria has also an important sector in agricolture and is looking important foreign investors in equipment and agriculture machinary, transformation ofthe agricultural products. Sectors are palm oil, fruits, corns and others crops. Coacao is important and rubber too.
Nigeria is offering many opportunities in the sector of infrastructure, residential and social houses and related equipment and materials , hotels and malls, health care business, education and others.