First Independent Mena Newspaper
Facing a continuous rise in non-performing loans on Moroccan bank balance sheets, the International Finance Corporation (IFC) and German group EOS Holding are preparing an investment vehicle worth up to 60 million euros. The operation aims to create new capacity for buying and managing distressed assets while helping a secondary market for bad debt emerge […]
Morocco’s budget deficit stood at 50.5 billion dirhams at the end of July 2026, down from 54.7 billion dirhams a year earlier, as revenue growth of 28.2 billion dirhams outpaced a 23.9 billion dirham rise in spending. The figures come from the latest bulletin on the Treasury’s charges and resources situation, produced by the Ministry […]
Morocco’s consumer price index fell 0.6 percent in July 2026 compared with a year earlier, according to the latest data from the High Commission for Planning (HCP). The decline was driven mainly by a 3.7 percent drop in food prices, which more than offset a 1.9 percent rise in non-food prices, where changes ranged from […]
Morocco’s foreign exchange reserves reached a record $48.6 billion in 2025, placing the kingdom fifth among African countries, according to a report by the African Export-Import Bank (Afreximbank). The reserves jumped 30.8% in one year, Morocco’s strongest annual increase since 2021, strengthening its buffer against external shocks and improving its capacity to finance imports. Morocco […]
Tunisia’s trade deficit widened to 14.96 billion Tunisian dinars by the end of July 2026, compared with 11.90 billion dinars during the same period in 2025, according to the National Institute of Statistics. The increase was largely driven by the energy trade deficit, which rose to 7.95 billion dinars from 6.04 billion dinars a year […]
Morocco’s Exchange Office has published a Circular, introducing new vigilance and internal monitoring obligations for offshore holding companies operating within the kingdom’s offshore financial center framework. Economy and Finance Minister Nadia Fettah signed the circular on July 23, and it took effect immediately, applying under the law on combating money laundering and the law governing […]
Sudan is accelerating public financial reforms and efforts to revive key productive sectors as the country seeks to rebuild State institutions and stabilize its economy amid the ongoing war. Minister of State for Finance Mohamed Nour Abdeldaim said on August 09, after briefing Prime Minister Kamel Idris in Khartoum, that the Government was implementing measures […]
Morocco’s government is targeting economic growth of 4.1% and a budget deficit of 3% of gross domestic product in 2027 as it seeks to balance major infrastructure and social spending programs with fiscal discipline ahead of legislative elections, according to budget guidelines issued by Prime Minister Aziz Akhannouch. The assumptions are outlined in a circular, […]
Libya’s House of Representatives Speaker Aguila Saleh received the country’s final state accounts from the Head of the Administrative Control Authority, Abdullah Qaderbouh. The meeting, held in Al-Qubbah on Wednesday, August 5, focused on strengthening oversight mechanisms, improving institutional performance and enhancing transparency in the management of public resources. According to the Speaker’s Media Centre, […]
Morocco’s national water and electricity utility, ONEE, has approved a 2026-2030 equipment plan worth 177 billion dirhams for electricity and 42.1 billion dirhams for drinking water, with 72 percent of the total to be financed directly by the private sector, the utility’s board decided at a session in Rabat. The electricity component centers on accelerating […]