First Independent Mena Newspaper
British digital bank Revolut has signaled interest in entering Morocco’s fast-growing financial services market, but authorities say the timing is not favorable for a near-term launch. Governor of Morocco’s central bank Abdellatif Jouahri said that he met Revolut executives earlier this month in Rabat, where the fintech company outlined its ambitions but stopped short of […]
The Casablanca Finance City (CFC) and Istanbul Financial Center (IFC) have agreed to strengthen financial connectivity, promote regional trade, and enhance economic engagement across regional and international markets. The agreement was inked Tuesday by Said Ibrahimi, CEO of Casablanca Finance City Authority and Ahmet İhsan Erdem, CEO of IFC. The two financial hubs pledge to […]
Morocco’s Central Bank has decided to keep the key rate unchanged at 2.25 pc as inflation is expected to remain moderate at 1.5 % in 2026, while the country’s growth is projected to increase from 4.9 % in 2025 to 5.2 % in 2026, before slowing to 3.1 % in 2027. These projections were made […]
Six African countries remain on the Financial Action Task Force (FATF) list of jurisdictions under increased monitoring following the watchdog’s latest update, highlighting continued weaknesses in tackling money laundering and terrorism financing. The global body, which oversees efforts to combat illicit financial flows, kept Angola, Cameroon, Côte d’Ivoire, Democratic Republic of Congo, Kenya and South […]
Morocco’s consumer price index fell 0.9 percent in May 2026 compared with April, driven by a 2.1 percent decline in food prices and a stable non-food index, according to the latest note published by the High Commission for Planning (HCP). The core inflation indicator, which excludes volatile and regulated products, stood 0.1 percent below its […]
Bank Al-Maghrib’s Council is scheduled to meet on Tuesday 23 June to set its monetary policy stance for the third quarter of 2026. A review of the latest available macroeconomic indicators points toward a hold on the key rate at its current level of 2.25 percent, with neither an increase nor a cut appearing well-supported […]
Morocco’s GDP growth will continue to exceed 4.0% in both 2026 and 2027, despite negative spillovers from the US-Iran conflict, according to the forecast of Fitch Solutions, which provides credit, economic, financial data, research and analytics used by financial institutions, corporations and governments. “We forecast growth of 4.1% each year, broadly in line with consensus. […]
The Central Bank of Sudan has announced the accreditation of Electronic Banking Services (EBS) as a SWIFT global financial messaging and wire transfer service bureau, marking a significant step toward reintegrating the country’s banking system into the global financial network. The announcement positions EBS as the first approved SWIFT service bureau in the country and […]
The World Bank has approved two loans totaling $650 million that will enable Morocco advance digital transformation and strengthen resilience against climate, disaster, and cyber risks. The first loan valued at $250 million will support the national Digital Morocco 2030 strategy. It will help speed up the deployment and adoption of user-centric public digital services […]
Morocco’s capital market reached a turning point in 2025, with growth increasingly driven by domestic savings rather than foreign capital, according to a new report by bourse regulator, the Moroccan Capital Markets Authority (AMMC). The report, Capital Markets in Figures 2025, shows that local investors dominated trading activity on the Casablanca Stock Exchange, accounting for […]