Morocco announces creation of fund to list enterprises on stock market

Morocco's Industry, Trade and Handicraft Ministry is planning to create a capital development fund with a capital of $10 million to help industrial enterprises be listed on the stock market.

According to economic daily "L'Economiste," a study found out that 42% of a sample of firms have plans on the mid-term to be listed on the stock market but need between one to five years to restructure and modernize their production tools.

The study recommends new finance and support tools, lower stock market listing fees, reducing the capital ceiling and easing conditions required for being listed on the stock market.

The ministry will be asking a committee comprising various actors to carry out the recommendations, evaluate their impact and propose new ideas.