Morocco’s central bank pushes mobile payments to reduce cash prevalence

Morocco’s central bank detailed in a recent report its efforts to reduce reliance on cash- which has been dominating the economy- and promoting mobile payments to boost financial inclusion. In its 2024 annual report on financial market infrastructure and payment systems, Bank Al-Maghrib outlined regulatory and operational measures aimed to address entrenched habits relying on […]

Morocco strengthens air defense with Thales Ground Master 400 Radar

Morocco has reinforced further its airspace defense with the acquisition of Thales Ground Master 400 radar, offering the Royal Armed forces tactical advantage as the mobile radar system can easily deploy and detect all types of aerial threats.   The delivery of the long-range radar was made end July 2021 under a contract signed in […]

Morocco resorts to foreign debt to boost forex reserves

The Moroccan parliament has adopted a decree allowing the government to resort to unlimited foreign borrowing in order to ensure enough international reserves to fuel the economy. Morocco’s trade balance has been chronically suffering from a trade deficit that has deepened in the first quarter this year due to falling exports as a consequence of […]