Morocco weathering the global financial meltdown, the Casablanca stalk exchange is stepping up to financing the Moroccan economy. In the next years, Africa's third largest bourse is going to double it's companies and quadruple the investors' number.
The CSE head said that the goal of Moroccan economy was have 75 new companies by the end of 2015. It also was said that the bourse eyed 500 companies for listing. This corresponds to the government's drive to modernize the financial market and establish Morocco to be a financial hub for Africa.
Now, there are only 77 companies listed on the CSE. Market depth presents a challenge because of only 20 companies trading daily. Small and medium sized companies 95% of the economy are underrepresented on the stock market. Despite Morocco's strong ties to francophone Africa, no foreign companies are listed.
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