Fitch agency: Moroccan Banks Net Income Reaches Record Levels 2023

Moroccan banks’ profitability continued to recover strongly in 1st half of 2023, with aggregate net income reaching record levels, says Fitch rating agency, noting that the positive trend should continue in 2nd semester due to higher interest rates and loan book growth. The seven largest banks’ aggregate net income increased by 28% yoy in 1st […]

Morocco-COVID-19: State of health emergency extended until Nov. 30

The Council of Government, convened Thursday in Rabat, decided to extend the state of health emergency throughout the country until November 30, 2021, as part of efforts to stem the spread of the Covid-19 pandemic.   The state of health emergency has been extended for one month instead of two, as was previously the case, […]

Trump’s Africa pivot: trade over aid as U.S. unveils commercial diplomacy strategy

The Trump administration has launched a bold new strategy to reshape U.S.-Africa relations, shifting focus from aid to aggressive commercial engagement. Announced in Abidjan on 14 May, the U.S. Commercial Diplomacy Strategy repositions diplomacy to prioritize trade, private investment, and strategic deal-making, aiming to counter China’s dominant economic presence across the continent. “From Washington we […]