World bank Morocco

Côte d’Ivoire: Alassane Ouattara reverses his decision, enters presidential race

The outgoing Ivorian president Alassane Ouattara announced on Thursday his candidacy for a third term in the presidential election to be held next October. He had initially said he would not stand for re-election, leaving his runner-up Amadou Gon Coulibaly to wear the colors of the ruling Rally of Houphouëtists for Democracy and Peace (RHDP). […]

Lockheed Martin interested in developing Morocco’s defense industry cluster

U.S. defense manufacturer Lockheed Martin has shown interest in Morocco’s investment opportunities offered in the defense industry which has attracted several companies including India’s Tata Advanced Systems, Turkish Baykar, Bluebird Company… A senior Lockheed Martin delegation led by Brig. Gen. Joseph Rank (Ret.), CEO for Africa & Saudi Arabia, visited lately Rabat and Casablanca to […]

Fitch downgrades three Moroccan banks

Fitch Ratings has revised its outlook on Moroccan banks Attijariwafa Bank, Bank of Africa, and Credit Immobilier et Hotelier (CIH) to Negative from Stable, while affirming the three banks’ Long-Term Foreign-and Local-Currency Issuer Default Ratings (IDRs) at ‘BB+’. This comes after Fitch’s revision of the outlook on Morocco’s sovereign rating to Negative from Stable on […]