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Fitch: Moroccan Banks show resilience despite Macro-economic challenges

Moroccan banks continue to show resilience despite challenging global and domestic macro-economic conditions, Fitch Ratings says in a new report focusing on the country’s seven largest banks. Banks have built up healthy provisions buffers since 2020 and are well-placed for a continued recovery in profitability in 2024 amid rising interest rates, says the rating agency. […]

Algerian Authorities Fear Morocco’s Return to African Union

As the next African summit scheduled in Addis Ababa (Ethiopia) in January 2017 draws closer, a summit during which Morocco is expected to rejoin the African Union, Algerian authorities are getting more and more nervous. They are already feeling the heat, knowing that they have no more room to play alone in the African court. […]

Morocco Gets $ 200 Mln WB Loan to Upgrade Urban Transport

The World Bank has lent Morocco $ 200 million to support the North African country’s efforts to modernize its urban public transport to meet the demand of its growing urban population. The loan will also serve to improve urban mobility in Morocco, and in particular the quality and management of public transport. According to the […]