Hirak in Algeria

Morocco’s three main telecom operators granted licenses to deploy 5G across the country

Following a public tender launched by the National Telecommunications Regulatory Agency (ANRT), Morocco’s three main telecom operators, Maroc Telecom (Itissalat Al-Maghrib), Orange (Médi Telecom), and Wana Corporate (INWI) have been awarded 5G licenses, the agency announced in a statement. Morocco’s Head of Government, Aziz Akhannouch, approved the decision after a meeting of the ANRT Board […]

Morocco could tap into IMF credit line if oil prices soar

Morocco may activate its $4.5 billion IMF Flexible Credit Line (FCL) if global oil prices surge beyond $120 per barrel, Morocco’s central bank governor Abdellatif Jouahri said, highlighting that the country maintains powerful liquidity backstops and solid macro-economic fundamentals in the face of rising geopolitical uncertainty. Speaking at a press conference in Rabat following the […]

World Bank expects Morocco’s economy to grow by 3.1% in 2023

Morocco’s economic growth is expected to grow 3.1% in 2023 thanks to a rebound of the primary sector, says the World Bank’s in its latest report “Responding to Supply Shocks”. After a strong post-COVID-19 rebound last year, Morocco’s economy came under mounting pressure from overlapping supply shocks: a severe drought and a surge in commodity […]