First Independent Mena Newspaper
Economy and Finance Minister Fouzi Lekjaa confirmed that the planned increase in Morocco’s minimum retirement pension will be entirely financed by the state budget, without placing any additional burden on the country’s pension funds. Speaking on the 2M TV Channel, Lekjaa said the progressive rise of the minimum pension to 3,000 dirhams per month by […]
Morocco’s 2027 draft budget (PLF 2027) introduces a new national affordable rental housing program aimed at students, young professionals, newly formed households, and workers relocating for employment, according to details presented by Minister of Economy, Finance and Public Sector Performance Fouzi Lekjaa. The initiative seeks to address longstanding difficulties faced by young Moroccans in accessing […]
Libya’s Planning Minister, Mohammed Al-Zaidani, has held talks with the World Bank Group on expanding cooperation to support infrastructure development, renewable energy and economic diversification. The meeting took place at the Ministry of Planning’s headquarters in Tripoli on Tuesday, October 27, 2026, with the head of the World Bank Group mission to Libya, Samih Ismail. […]
Moroccan smokers and vapers face new price increases from January 1, 2027, under the 2027 Finance Bill. The draft budget proposes reforming the domestic consumption tax (TIC) on traditional cigarettes for 2027–2031. This continues the multi-year plan launched in 2022. The government aims to raise state revenues, reduce price gaps between brands, and support public […]
Morocco’s government presented its 2027 draft Finance Bill, providing for a series of measures to boost purchasing power, chief among which exempting 87% of employees who earn monthly salaries less than 10,000 dirhams from the income tax. The draft budget is the first under Head of Government Fatima Ezzahra El Mansouri, whose government coalition focuses […]
The African Development Bank Group has approved $ 487 million funding for Morocco to help the country advance economic reforms, strengthen climate resilience and support more inclusive growth. “Our ambition is to help cushion exogenous shocks, whether economic, energy-related or climate-related. It is also to consolidate the structural reforms necessary to sustainably strengthen the resilience […]
Morocco’s blue economy is a significant national asset of the country, with a diversified structure. The sector contributed 3.8 percent of GDP and supports about 495,000 full-time equivalent jobs, or 4.6 percent of national employment, says the World Bank in a report on the Kingdom’s blue economy contribution to growth and jobs. Aquaculture is Morocco’s […]
Morocco’s new government has set ambitious yet realistic macroeconomic targets for the 2026–2031 legislative term, aiming to finance its social and sovereign priorities through sustained growth and disciplined public finances. Presenting the program to both houses of Parliament, the Prime Minister outlined an average annual GDP growth rate of 5% for the period 2027–2031, with […]
The Doha-based Green Sky Capital will invest $239 million a Sustainable Aviation Fuel (SAF) production plant to be built in Morocco’s Nador West Med port complex, according to press reports. The projected facility is designed to process used cooking oil, fats, and regional residues into green jet fuel using French Axens’ licensed Vegan HEFA technology. […]
Morocco has called on the World Bank to expand financial guarantees, reduce investment risks and improve access to financing for small businesses, arguing that developing economies need greater access to private capital to support growth and job creation. Speaking on behalf of eight countries at the 114th Development Committee meeting in Bangkok on October 15, […]