Expert commentary on ELITE Morocco
Karim Hajji, CEO, Casablanca Stock Exchange
Casablanca Stock Exchange is putting business development at the top of its priorities. While Morocco is positioning itself as a major regional player, the Casablanca Stock Exchange has resolved to expand its mission to go beyond the role of market management and merely financing businesses, with a view to becoming the driving force for the promotion of the market and the growth of Moroccan businesses – and hence the country’s economy.
To this end, the Casablanca Stock Exchange is devoting a significant portion of its development strategy to the promotion of the market, by organising several events at regional, national and international levels. These events aim to promote the capital market and all of the Moroccan financial market. They also bring Moroccan companies and potential international investors, partners and issuers together, thus offering new business opportunities.
“The Casablanca Stock Exchange is devoting a significant portion of its development strategy to the promotion of the market”
To support Morocco’s economy through setting up a network of companies with international standards – and that are competitive and willing to finance their development – the Casablanca Stock Exchange is making serious efforts to help companies grow their businesses.
For this purpose, the Casablanca Stock Exchange has increased partnerships with institutions that support companies and particularly small and medium-sized enterprises (SMEs). In this regard, it has joined forces with ‘Maroc PME’ (an agency for the promotion of SMEs) to conduct joint actions aimed at supporting these enterprises in the process of opening up capital and sharing information, experience and knowhow.
- 24 companies have joined the ELITE Morocco programme
These efforts of promotion and partnerships have been complemented by several tools intended to enhance the growth of companies. To that end, the Casablanca Stock Exchange partnered with London Stock Exchange Group to launch the ELITE programme in Morocco.
- 22 renowned partners and investors are supporting ELITE Morocco
As soon as it was launched in Morocco in April 2016, ELITE achieved great success – 24 companies have joined the programme and 22 renowned partners and investors are supporting it. Our goal is to continue to develop ELITE in Morocco and across the region in order to help inspiring companies to enter new stages of their growth.