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Morocco to cut budget deficit to 3% in 2026

The Moroccan government expects to cut its budget deficit to 3% of GDP in 2026, from 3.5% this year, as it continues to pursue fiscal consolidation and structural reforms, finance minister Nadia Fettah Alaoui said. The government expects to narrow the deficit thanks to tax reforms, while maintaining support for strategic investments and social programs, […]

Morocco Approves Five Percent Minimum Wage Increase for 2026

Morocco’s government has approved a five percent minimum wage increase effective January 1, 2026, for non-agricultural sectors, establishing new legal remuneration thresholds businesses must observe. The Government Council approved the related decree this December, continuing multi-year wage enhancement dynamics. According to the Employment Ministry, the minimum interprofessional guaranteed wage will have progressed 20 percent during […]

Int. airlines promised to receive some of their funds trapped in Nigeria

The Central Bank of Nigeria said (26 August) it has made US$ 265 million available for release to international airlines shortly after the Dubai-based Emirates airline announced that it has put a hold on flight operations in and out of Nigeria due to its inability to repatriate funds from the West African country. The money […]