OOrganized by Finances News Hebdo, the 2024 Savings Fair will be held from November 20 to 23 in Anfa Park, Casablanca. This pioneering event in Morocco brings together finance experts, financial institutions and the general public around the same objective: to share knowledge, explore new opportunities and respond to growing savings needs. For this second edition, the central theme will be popular savings.
The idea is to continue to work for greater penetration of savings and investment products among the general public, with the support of committed partners and exhibitors who share these same values. For four days, visitors will have the opportunity to discover the latest trends in investments. Whether they are experienced investors or simply curious to learn how to better manage their finances, the Show offers solutions adapted to all saver profiles.
Various themes will be in the spotlight, notably UCITS and the stock market, insurance savings as well as the tax aspects linked to investments. But major new developments are also expected this year, including the opening of the Show to the theme of participatory finance or the participation of listed companies whose management teams will come to meet the public to present their activities and perspectives. No less than 25 exhibitors are expected from all sides during the 4 days of the event.
Savings at the service of the economy
With a savings rate representing on average 30% of GDP, Morocco has one of the best ratios in the region. But this remains insufficient to finance the Kingdom’s ambitious investment program over the next 10 years. Rebuilding and consolidating the gains made after the earthquake, completing the work relating to the generalization of social protection and preparing for the 2030 World Cup are some of the most visible projects. And to finance them, it is important to preserve our financial sovereignty and depend marginally on external financing. Our institutional investors cannot carry all the financing. We must drain popular savings.
And to do this, the tools are clear. Increasing the number of IPOs, broadening the scope of the stock savings plan and bringing its taxation closer to that of life insurance, are the first elements capable, in the short term, of mobilizing funds on the stock market. This, coupled with the increase in SME IPOs, can significantly popularize the stock market.
The UCITS segment also has arguments to put forward. Offering diversification and accessibility, it can be a magnificent tool for draining savings and their efficient redistribution in the service of the economy and structuring projects. This instrument would gain in democratization thanks to financial education and the simplification of its distribution to the public. The newborn of long-term savings, unit-linked contracts in life insurance, is also experiencing dazzling success and can, among a public with assets, reduce annuity savings, particularly real estate, in favor of financing of the economy.
This Show is an opportunity to dissect, in the space of 4 days, all of these questions to convince individuals, just a little, to save in the long term. During these days, several financial products and instruments will be presented, examined and compared through several conferences and meetings. Through this Show, the organizers’ objective is to allow investors and the general public to better understand the investment products available on the Moroccan market and the keys to better grow their financial assets.
