First Independent Mena Newspaper
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 […]
Sub-Saharan African nations are facing mounting fiscal strain as they increasingly turn to domestic banks to fund government budgets, the International Monetary Fund (IMF) warned in its latest Regional Economic Outlook. With global capital markets still hesitant and aid flows uncertain, governments are borrowing more at home — paying higher rates and placing pressure on […]
Morocco’s public enterprise reform experience took center stage at the World Bank Annual Meetings in Washington Wednesday, with Economy and Finance Minister Nadia Fettah highlighting the sector’s pivotal role in national economic development and job creation during a panel on employment-generating public enterprise reforms. The kingdom’s 60 commercial public enterprises contribute significantly to economic vitality, […]
Morocco’s women entrepreneurs have accessed €30 million in financing and received comprehensive business support through the European Bank for Reconstruction and Development’s decade-old Women in Business program, with 5,000 female business owners benefiting from the initiative over a decade. The figures were disclosed during the celebration of the tenth anniversary of the program held in […]
Economic leadership that was long concentrated in the West has decisively shifted towards emerging economies, whereby this historic global shift in trade and power is redefining Africa’s role in the world economy, says a new book ‘West to East: A New Global Economy in the Making’. Its author, economist Arno van Niekerk, described in a […]
The 2025 ranking of African banks by Tier 1 capital confirms a well-established continental hierarchy, with South Africa, Egypt, Morocco, Algeria, and Nigeria dominating the top positions. Tunisia was absent. According to the latest data, the threshold for inclusion in the Top 20 now stands at approximately $2 billion in Tier 1 capital. Tunisia’s largest […]