The Minister of Industry and Trade, Ryad Mezzour, emphasized on Friday in Rabat that stock market financing plays a key role in the development of new industries by promoting the creation of value and jobs. At a conference on the food industry and the stock market, he insisted on the importance of a diversified financing strategy to strengthen the country’s industrial and food sovereignty.
This conference, which was organized in cooperation with the Casablanca Stock Exchange and the National Federation of the Agrifood (Fenagri), made it possible to examine the options for the stock exchange for industrial companies. Nezha Hayat, President of the Moroccan Capital Market Authority (AMMC), recalled that the food industry is a strategic sector, but was faced with several challenges, including climate change and competitiveness.
During this event, two partnership protocols were signed to support industrial companies in their access to stock market financing. The first to involve the CMEM, the Casablanca Stock Exchange and the AMMC is aimed at promoting the IPO of industrial actors. The second, which was signed by Fenagri and Fenip, aims to support agricultural and fishing companies in this process.
Testimonials from listed companies such as MUSTISIS, COSUMAR and DARI COUSEPATE showed the advantages of access to the stock market to collect donations, to speed up the innovation and to strengthen governance. Minister Mezzour concluded with the existence of a public-private cooperation in order to make the scholarship into a real industrial and economic growth in Morocco.
M.Ba.
