Fitch: Moroccan Banks show resilience despite Macro-economic challenges

Moroccan banks continue to show resilience despite challenging global and domestic macro-economic conditions, Fitch Ratings says in a new report focusing on the country’s seven largest banks. Banks have built up healthy provisions buffers since 2020 and are well-placed for a continued recovery in profitability in 2024 amid rising interest rates, says the rating agency. […]

India looks to Morocco as strategic fertilizer supplier

India is stepping up efforts to secure long-term fertilizer supplies from Morocco, as global markets reel from geopolitical tensions and export restrictions. According to The Economic Times, New Delhi views the North African kingdom- home to the world’s largest phosphate reserves- as a critical partner for its food security strategy. A high-level Indian delegation led […]

Climate Commission for Sahel Commends Moroccan King’s “Pioneering” Role

The Heads of State and Government of the Sahel Climate Commission have commended the pioneering role of King Mohammed VI and his vision for a “strong and resilient” Africa. In the final communiqué issued at the end of the first Summit Conference of the Climate Commission for the Sahel, held Monday in Niamey, Niger, the […]