First Independent Mena Newspaper
Morocco has taken a significant step toward regulating its crypto asset market with the release of a draft law that outlines rules, actors, and safeguards for digital assets. Published on the website of the General Secretariat of the Government, the draft is open for public comment after it was prepared by the finance ministry in […]
The euro surged to a new historic high on Algeria’s black market in November, trading at up to 27,450 dinars for a 100-euro note, marking a deepening pressure on the informal currency exchange system. Buyers are offering between 27,050 and 27,150 dinars, widening the gap between buying and selling rates, Algerian outlet Maghreb Emergent reported. […]
The Central Bank of Egypt (CBE) announced on Sunday that the country’s net international reserves reached a historic 50.07 billion U.S. dollars by the end of October, up from 49.53 billion dollars in September. This marks the highest level of foreign reserves in Egypt’s history, reflecting the impact of ongoing financial reforms and a resurgence […]
Investment Minister Karim Zidane called for enhanced youth training programs aligned with future industries as Casablanca positions itself to become an international investment hub attracting major global corporations. Speaking at the “Niqach Al Ahrar” (RNI Dialogue) forum, Zidane highlighted Casablanca’s exceptional economic potential and stressed the necessity of orienting youth education toward future industries and […]
Morocco’s corporate tax collections reached 72.23 billion dirhams through September 2025, marking a substantial 30.9% increase from 55.17 billion dirhams in the same period last year, according to Treasury data published by the Finance Ministry. The September figures represent 98.9% of the full-year target set in the 2025 Finance Law, indicating annual projections will likely […]
Nearly one in four Moroccans completed online purchases in 2024, marking a substantial shift in consumer behavior over the past five years, according to the National ICT Survey 2024-2025 conducted by Morocco’s telecommunications regulatory agency. The adoption rate climbed from 15.1% in 2019 to 24.9% in 2024, representing 3.7 million new online shoppers—a 65% increase. […]
The World Bank Group supports Morocco in its vision for a new generation of territorial development programs, launched under the guidance of King Mohammed VI, said the International Finance Corporation (IFC) Regional Director for North Africa, Cheick-Oumar Sylla. “Morocco’s vision for a new generation of territorial development programs offers a key opportunity to deepen the […]
Ecobank Group and Thunes have joined forces in a landmark partnership to enable instant cross-border payments across Sub-Saharan Africa, aiming to connect millions of individuals and businesses to the global financial ecosystem. Announced on 29 October 2025, the collaboration integrates Ecobank’s vast pan-African banking network with Thunes’ advanced fintech infrastructure to enhance liquidity, speed, and […]
Morocco recorded a dramatic 63% increase in foreign direct investment during the first quarter of 2025, signaling robust investor confidence in the kingdom’s industrial transformation and strategic positioning as a nearshoring hub for European markets. According to Investment Minister Karim Zidan, Morocco attracted over 9.15 billion dirhams ($992 million) in net FDI flows by March […]
Morocco’s tax expenditures have risen to 32.1 billion dirhams in 2025, reflecting persistent challenges in the government’s efforts to rationalize fiscal incentives despite a broader reform agenda aimed at improving transparency and efficiency in public spending. Tax expenditures as a percentage of GDP have declined from 2.9% in 2022 to 2.1% in 2024, primarily due […]