First Independent Mena Newspaper
Morocco’s budget deficit remained within manageable limits during the first half of 2025, despite an increase in public spending, according to new figures released by the General Treasury of the Kingdom (TGR). As of the end of June, the deficit stood at 24.8 billion dirhams, a level consistent with the targets set in the 2025 […]
The International Monetary Fund’s 2024–2025 Executive Board report offers a nuanced view of Mauritania’s economic outlook, acknowledging strides in macroeconomic stability and reform while underlining persistent vulnerabilities. Security instability in the broader Sahel region remains a critical constraint, diverting public resources toward defense and deterring foreign investment. The fragile regional context, coupled with Mauritania’s reliance […]
The United States, which recognizes Morocco’s full sovereignty over its entire Saharan territory, is expected to release $5 billion funding for the development of the Moroccan Sahara, set to become a major regional economic hub, says Africa Intelligence news website. After years of being frozen under Joe Biden’s Democratic administration, the Trump administration will release […]
La Conserverie des 2 Mers, a French-owned anchovy processing company based in Tangier’s Moghogha industrial zone, has secured funding from MED TEST to modernize its production facility with advanced energy efficiency and environmental protection measures. The investment marks a significant step toward sustainable food processing in Morocco’s thriving seafood industry. The subsidiary of French seafood […]
The military-led governments of Mali, Niger, and Burkina Faso have unveiled plans to fund a new regional investment bank with a portion of their national tax revenues, signaling a deepening break from traditional financial partners and regional bodies. Each country will contribute approximately 5% of its annual tax revenues to the bank, which aims to […]
Morocco must intensify structural reforms and rethink its economic strategy to maintain resilience in the face of mounting climate risks, fiscal pressures, and social demands, according to the 2024 annual report from Bank Al-Maghrib. The report, presented to King Mohammed VI by the Bank’s Governor Abdellatif Jouahri, was released on the occasion of Throne Day. […]
King Mohammed VI received, on Tuesday at the Royal Palace in Tetouan, Governor of central Bank Abdellatif Jouahri, who presented to the Sovereign the Bank’s annual report on the Kingdom’s economic, monetary and financial situation in 2024. The royal audience was attended by Crown Prince Moulay El Hassan and Prince Moulay Rachid. In his address […]
The Moroccan government expects to cut its budget deficit to 3% of GDP in 2026, from 3.5% this year, as it continues to pursue fiscal consolidation and structural reforms, finance minister Nadia Fettah Alaoui said. The government expects to narrow the deficit thanks to tax reforms, while maintaining support for strategic investments and social programs, […]
Morocco’s government has reaffirmed its commitment to implementing comprehensive reforms as it prepares the 2026 Finance Bill and three-year budgetary programming for 2026-2028, Economy and Finance Minister Nadia Fettah announced Thursday in Rabat. Speaking before the Government Council, Fettah emphasized that reform initiatives align with Royal directives and form part of an integrated development framework […]
Bank of Africa has unveiled a comprehensive summer 2025 campaign targeting Moroccans living abroad, offering premium services, exclusive promotions, and investment support throughout their journey and stay in Morocco. The initiative represents a significant outreach effort to Morocco’s global citizens, combining financial services with cultural engagement. Headline offerings include a major lottery featuring 100 airline […]