The Moroccan Office for Industrial and Commercial Property (OMPIC) revealed that the number of companies that were launched in Morocco during the past year reached a total of 83,806 companies.

The OMPIC stated that these companies are divided between legal persons (54,691) and private persons (29,115).

The same source indicated that for companies of legal persons, which totaled 697,400 in 2020, the sectoral division shows the dominance of trade at 32.51%, followed by construction and public works and real estate activities (24.37%) and various services (17.07%).

With regard to the companies of self-persons, which numbered one million, 179 thousand and 576 during the past year, 57.31% of them concern the trade sector, 10.43% for industries and 7.55% of various services.

At the regional level, the Casablanca-Settat region embraces 276 thousand and 175 corporate entities, followed by Rabat-Salé-Kenitra region (101 thousand and 668) and Tangier-Tetouan-Al Hoceima (75 thousand and 246).

With regard to self-persons, these entities also come in the first ranks, respectively, with 279 thousand and 901, 146 thousand and 699, and 141 thousand and 907.

The post OMPIC: 84,000 Companies Launched in 2020 in Morocco appeared first on Morocco Telegraph.

The High Commission for Planning (HCP) stated, this Wednesday February 17th, that 54% of active workers during 2020 do not have any degrees, indicating that 30.5% of the employees have a basic education diploma, and 15.2% have a higher degree.

In a note regarding the basic features of active population working during the year 2020, the HCP stated that 80.8% of active workers in the sector of agriculture, forestry and fisheries do not have any degrees, with 59.2% in the sector of construction and public works, 45.2% in the industrial sector and traditional industry, and finally 37.4% in the sector of services.

According to the same source, the working active population living in rural areas during 2020 constituted 41.8% (21.5% of which were females), while youth between 15 and 34 years old accounted for 35.1 % of the total number. As for young people between 15 and 24 years old, they represented 9%, while people between 25 and 34 years old represented 26.1%.

With regard to the employment rate, the HCP highlighted, in the same note, that it fell by 0.3 points during the last three years 2017-2019, to record a decrease of 2.2 points between 2019 and 2020, noting that this decrease was important in rural areas, “as it moved from 50.3% to 47%, which is equivalent to 3.3 points in rural areas, while in urban areas, this rate moved from 36.9% to 35.3% (1.6 points).” The decrease in this rate, according to the HCP, is more noticeable among men (2.6 points) than among women (1.9 points).

By distributing labor force according to the sector of activity, it is clear that the sector of services employs 4,820,000 people (45.7%), followed by agriculture, forestry and fisheries sector with 3,295,000 people, (31.3%), and then industrial sector and traditional industry with 1,280,000 people, (12.1%), and lastly construction and public works with 1,139,000 people (equivalent to 10.8%).

As concerns rural areas, 68% of the employed labour force works in the sector of farming, forestry and fisheries, while 17.9% work in the sector of services.

The post Morocco: 54% of Employed Labour Force in Morocco Has No Degree appeared first on Morocco Telegraph.

Morocco’s Minister of Culture, Youth and Sport had given an overview of the year 2020 and described it as a rough year for professionals and small entrepreneurs in domains of Culture, Cinema, Youth and Sport, and Media.

He further explained that in order to scaffold these professionals and alleviate the budget of corporate treasury, the economic Vigilance Committee has approved four project contracts in favor of cultural and creative industries, sport halls, Nurseries and written media.

He further added that employees within these four industries who are declared in the National Social Security Fund and who are temporarily out of work will benefit from a financial aid. Concerning the corporate treasury, the minister said that the aids will be in the form of forfeiting payments, postponing it or delaying deadlines as well as delaying the payments of bank loans.

Concerning written media, the minister stressed that it’s worth mentioning that this program contract is an added value to the press support strategy which is going to replace the exceptional aid initiative of 2021 that constitutes of 235M MAD in the year 2020.

Concerning Cultural and Creative industries, the minister announced that a cell will be established for assisting entrepreneurs in creating applications to contribute in the “Intilaqa” program (start-up) in addition to creating tools for investments to cope with certain projects.

According to the recommendations of 2019 debate, a workshop for statistical qualifications has been set up. The opening of the requests of proposals of this strategic study will hold place on February, 18^th; on its part, the private sector will also contribute in the works of the strategic study.

The Economic, Social and Environmental Council has recommended the development of a national cultural and digital proposal. Thus, a digital platform for intangible heritage, performing arts and festivals will be established. Furthermore, a program for supporting music album distribution services over social platforms such as Spotify will be created.

Concerning sport, the ministry picked up the idea proposed by Mustapha Rachid among 168 ideas proposed last August #fikraryadia (sport idea). The idea consists of establishing an electronic platform for the benefit of sport academies. GIZ association has endorsed the project for financing and follow up.

The four program contracts are characterized by the new digital mode which is the base of the Ministry’s yearly strategic plan.

The post Othman El Ferdaous, Morocco 2021: Resilience and Digitization appeared first on Morocco Telegraph.