Morocco’s budget deficit widened to 22.9 billion dirhams ($2.3 billion) at the end of May 2025, up from 11.2 billion dirhams a year earlier, the treasury said. The deficit was however offset by a positive balance of 14.1 billion dirhams from special treasury accounts and autonomously managed state services. Total ordinary revenues rose 19.6% year-on-year […]
King Mohammed VI launched, on Wednesday in Casablanca region the construction works of a regional facility devoted to psychosocial rehabilitation of people suffering from mental and psychological disorders. The $33 million facility will be built by the Mohammed V Foundation for Solidarity. This project shows the importance the Sovereign grants to the health sector, in […]
Morocco’s competition council approved the acquisition by Morocco’s Akwa Africa, a subsidiary of Akwa group, of Total Energies fuel distribution subsidiary in Mauritania. The council did not offer details on the transaction but earlier in November, Financial Afrik said it would amount to 185 million dollars. Akwa Africa was established to help the group expand […]
