RAM flight in Dakhla

Senegal: Macky Sall calls for “calm & serenity” as Ousmane Sonko is released under judicial supervision

An appeal for “calm and serenity” was launched Monday evening by President Macky Sall. The head of state expressed himself in a message to the nation, after several days of violent demonstrations that left at least five people dead, according to an official report and eight according to Amnesty International. There were disruptions in the […]

Corporate Insolvencies Fall in Morocco as Global Failures Hit a Five-Year High

Morocco is bucking a global trend on corporate insolvencies, recording a decline in business failures at a time when the rest of the world is heading into a fifth consecutive year of rising defaults. According to a report published on April 22 by trade credit insurer Allianz Trade, Morocco’s corporate insolvencies fell two percent in […]

Fitch Ratings highlights resilience of Moroccan banks

Credit fundamentals of major Moroccan banks are recovering slowly from the negative impacts generated by the covid-19 pandemic, says Fitch Ratings. The global health crisis caused a 6.3 pc Moroccan GDP contraction in 2020, the worst contraction in 25 years. “The banks’ asset quality and profitability weakened noticeably in 2020. Nonetheless, their credit profiles were […]