IMF Hails Morocco’s Improving Business Environment

The International Monetary Fund has praised Morocco’s business environment, which continues to improve, particularly with the activation of the Competition Council and the implementation of a new financial inclusion strategy that will help promote competition and support the development of SMEs. Improved fiscal management and economic diversification have strengthened the resilience of Morocco’s economy, said […]

AfDB highlights Africa’s critical minerals potential

Africa is poised to play a leading role in energy transition as it continues to attract prime investors thanks to its large deposits of critical minerals, African Development Bank chief Akinwumi Adesina said. Speaking at the opening of the African Investment Forum in Rabat, Adesina said Africa holds 95% of chromium, 90% of Platinum Group […]

Morocco’s central bank pushes mobile payments to reduce cash prevalence

Morocco’s central bank detailed in a recent report its efforts to reduce reliance on cash- which has been dominating the economy- and promoting mobile payments to boost financial inclusion. In its 2024 annual report on financial market infrastructure and payment systems, Bank Al-Maghrib outlined regulatory and operational measures aimed to address entrenched habits relying on […]