Moody’s hails resilience of Moroccan economy, maintains Morocco’s Ba1 rating

The American rating agency Moody’s confirmed, during its periodic review in March, the Ba1 rating assigned to Morocco, with a stable outlook. This decision highlights the Kingdom’s ability to maintain its macroeconomic stability despite ongoing challenges, such as slowed economic growth and increasing public debt, writes the magazine Challenge. In its report, Moody’s emphasizes the […]

Egypt’s al-Sisi in Paris amid human rights deterioration

Rights groups have alerted French President Emmanuel Macron over hosting Egyptian President Fattah al-Sisi who has rolled back human rights in the North African country since he seized power in 2013. President al-Sisi is paying as of this Tuesday (October 24) a two-day visit to France, with discussions to touch on bilateral cooperation, including arms […]

French Société Générale confirms sale of its Morocco bank to Saham for €747 million

French Société General plans to sell its majority stake in its Moroccan branches to Saham group for 745 million euros, as it continues its divestment from the African continent. The transaction which includes Société Générale Marocaine de Banques and La Marocaine Vie is expected to be completed by end of 2024. The French group owns […]