ecowas

Moroccan banks control 21% of the west African market

Thanks to decades of investments, Moroccan major banks increased their market share in the 8 countries of the West African economic community (ECOWAS) to 21%. A recent ECOWAS report highlighted the expansion of Morocco’s Attijari Wafabank, BCP and Bank of Africa, whose activities dominate some countries such as Mali. In Mali, the three banks have […]

Morocco needs to have its own refining capacity

Morocco’s only refinery has been idle since 2015 over unpaid taxes and legal hurdles, leaving the country prey to dependence on refined oil imports and fluctuations in the international markets. Calls for reactivating the idle Samir refinery in Mohammedia become more acute as fuel prices more than doubled compared to last year, due to a […]

Morocco Raises 2026 Growth Forecast to 5.3%, Eyes 3% Deficit Target

Morocco’s Minister of Economy and Finance, Nadia Fettah, presented parliament with an update on the execution of the 2026 budget law and the government’s fiscal roadmap for 2027-2029, built around three themes: the economic outlook, the state of public finances at mid-year, and budget priorities for the next three years. The government now expects growth […]