First Independent Mena Newspaper
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 […]
Morocco will spend 38 billion dirhams, or 4.32 billion dollars, to expand and modernize its airports in anticipation of a growth in tourist arrivals ahead of the 2030 World Cup. The money will be spent on the airports of Casablanca, Marrakesh, Agadir, Tangier, and Fez. The investment is part of a deal between the government […]
Morocco’s leading telecommunications operator Maroc Telecom has crossed a significant milestone, reporting over 80 million subscribers in the first half of 2025, marking a 2.3 percent increase compared to the same period last year. The growth comes despite what the company described as a “highly competitive and regulated market environment,” with subsidiary operations driving expansion […]
Egypt’s current account deficit narrowed significantly to $13.2 billion during the first nine months of the 2024/2025 fiscal year, down from $17.1 billion a year earlier, the Central Bank of Egypt announced on Tuesday, July 22. This improvement was driven primarily by an 86.6% surge in remittances from Egyptians abroad, reaching $26.4 billion, and a […]
Morocco’s listed banks have entered a virtuous cycle, recording 91.6 billion dirhams in net banking income for 2024, up 12.8 percent year-on-year, significantly exceeding five-year averages and signaling robust sector recovery. Attijari Global Research’s latest report reveals comprehensive performance improvements across all revenue streams. Interest margins grew 6.3 percent driven by credit volume recovery, particularly […]
Nigeria’s economy has officially grown larger — at least on paper — but the West African country still remains the continent’s fourth-largest economy, behind South Africa, Egypt, and Algeria. Following a long-awaited GDP rebasing, the National Bureau of Statistics (NBS) revised the country’s nominal output for 2024 to ₦372.8 trillion ($243 billion), up from ₦314 […]
The Casablanca Stock Exchange achieved a historic milestone last week, crossing the one trillion dirham market capitalization threshold for the first time, confirming the Moroccan financial market’s growing maturity and investor confidence. The benchmark MASI index advanced 1.30 percent during the week, breaking through the psychological 19,000-point barrier. This achievement reflects sustained market consolidation driven […]
The African Development Bank has approved 100 million euros in financing for Morocco’s inclusive agriculture program targeting women and youth, aiming to enhance food security and climate resilience while creating sustainable rural entrepreneurship opportunities. The Support Program for Inclusive Solidarity Agriculture for Women and Youth (PAASIFEJ) will stimulate entrepreneurship in rural areas through adapted financing […]
G20 member States, under the leadership of South Africa’s 2025 presidency, are convening in Durban with the hope of reaching a consensus on urgent global financial reforms. The finance and Central bank deputies gathered on Monday and Tuesday to address pressing issues such as debt relief, development financing, and the restructuring of multilateral financial institutions. […]
Morocco’s ambitious social protection program will require 39 billion dirhams in funding for 2025, rising to 41 billion dirhams in 2026, as the government expands universal healthcare and direct social assistance, Prime Minister Aziz Akhannouch announced Tuesday. Speaking before the Chamber of Counselors during a monthly plenary session on economic policy, Akhannouch detailed the government’s […]