The Stock Exchange of Casablanca and London signed a partnership agreement last week to launch the Elite Programme of assistance to SMEs in Morocco, according to a communiqué dated 3 July. «We are pleased to sign this agreement which strengthens our cooperation with our strategic partner, LSEG» explained Karim Hajji, CEO of the Moroccan Stock Exchange.

The Elite Programme consists of supporting Moroccan SMEs with strong growth potential with the necessary tools to access various sources of funding offered by financial markets in general, and capital markets in particular. For the Casablanca Stock Exchange it is the continuity of a set of measures aimed at making it easier for SMEs to access the system of financial markets.

“We are convinced that the Elite programme, which has already been well-tried in Italy and in the UK, will contribute to an effective system of SME financing and, at the same time, to the economy of our country and beyond, to the region of North Africa and the West that we also hope to serve”, M. Hajji added.