First Independent Mena Newspaper
Morocco’s BCP Group has obtained ISO 37001-2025 certification for its Anti-Bribery Management System, marking a significant milestone in the banking sector’s commitment to transparency and ethical governance, the institution announced following a comprehensive audit conducted July 21-25, 2025. The certification, delivered by Certi-Trust auditors, validates BCP’s compliance with international anti-corruption standards and reflects strategic prioritization […]
In a landmark move to address Africa’s mounting debt crisis, finance ministers across the continent have adopted the African Debt Monitoring Mechanism (ADMM) — a real-time, continent-wide system designed to track both domestic and external debt. Approved during the 8th Ordinary Session of the African Union’s finance-focused committee in South Africa, the ADMM is hailed […]
Morocco’s draft finance bill for 2026, presented to the Parliament by Economy and Finance Minister Nadia Fettah, outlines an ambitious roadmap to sustain growth while preserving fiscal stability. The plan projects GDP growth at 4.6%, inflation contained at 2%, and a budget deficit reduced to 3% of GDP, alongside a public debt ratio of 66%. […]
The Tunisian government plans to seek $3.7 billion in direct financing from the Central Bank of Tunisia (BCT) in 2026, after borrowing $2.3 billion this year to cover urgent debt repayments. Total financing needs are projected at 27 billion dinars, with plans for a 7 billion dinar sukuk issuance, a first for the country. Public […]
Morocco’s draft budget for 2026, unveiled Monday by Economy and Finance Minister Nadia Fettah, prioritizes social sectors by creating 36,895 new civil service positions, with health and education accounting for 70% of the total. According to the bill, 8,000 posts will go to the health sector, while 19,000 positions are earmarked for education, mainly to […]
King Mohammed VI chaired a Council of Ministers on Sunday at the Royal Palace in Rabat to approve the general orientations of Morocco’s 2026 Finance Bill, which places territorial development and social investment at the heart of government priorities. The draft budget, presented by Economy and Finance Minister Nadia Fettah Alaoui, seeks to consolidate economic […]
King Mohammed VI chaired, at the Royal Palace in Rabat on Sunday, October 19, a Council of Ministers devoted, among other things, to examining the general guidelines of the draft finance bill for the year 2026 and the reform of electoral laws, the Royal Office said in a statement. Territorial development, the 2026 Finance Bill […]
A confidential parliamentary report has exposed what lawmakers describe as a “costly imbalance” in Franco-Algerian relations, estimating that France spends €2 billion annually due to the 1968 migration accord, while Algeria continues to obstruct deportations and shirk financial obligations. The agreement, signed six years after Algeria’s independence, was intended to facilitate labor migration during France’s […]
Morocco has no plans to tap funds available under its Flexible Credit Line (FCL) arrangement with the International Monetary Fund, Finance and Economy Minister Nadia Fettah Alaoui said. The IMF approved a new two-year FCL agreement for Morocco on April 2, 2025, worth 3.45 billion Special Drawing Rights (SDRs), or about $4.5 billion, replacing a […]
The Bourse Régionale des Valeurs Mobilières (BRVM), West Africa’s regional stock exchange, has reached an unprecedented market capitalization of about $21.2 billion, marking a milestone for the eight-member West African Economic and Monetary Union (WAEMU). Announced on Wednesday (15 Oct), the BRVM’s market cap has soared 29.13% since the end of 2024, with a remarkable […]