First Independent Mena Newspaper
The Central Bank of Egypt (CBE) on Wednesday hosted the 9th Annual Conference of Mediterranean Central Banks in Cairo, convening governors, policymakers, and senior officials from across the Euro-Mediterranean region. The event, organised in collaboration with Banco de España, the OECD, the European Institute of the Mediterranean (IEMed), and the Union for the Mediterranean (UfM), […]
Morocco’s trade deficit reached 225.29 billion dirhams through August 2025, increasing 15.5% compared to the corresponding 2024 period, according to Foreign Exchange Office data. This widening gap results from import growth outpacing export expansion despite positive performance in other economic sectors. Imports surged 8.4% to 533.42 billion dirhams while exports grew more moderately at 3.8%, […]
Morocco’s economy achieved 5.5% growth during the second quarter of 2025 compared to 3% in the corresponding 2024 period, driven by secondary sector expansion and domestic demand within controlled inflation contexts. The High Commission for Planning’s national accounts data highlights significant acceleration across multiple economic sectors. Non-agricultural activities recorded 5.5% volume growth while agricultural sector […]
The European Union has announced a funding package of nearly €545 million (approximately $638 million) to support renewable energy initiatives across Africa, aimed at expanding electricity access, strengthening regional power grids, and advancing the continent’s transition to clean energy. European Commission President Ursula von der Leyen unveiled the commitment in a video message during the […]
Egypt’s Government has announced a ceiling of EGP 1.16 trillion for public investments in the 2025/2026 fiscal year, which began on 1 July 2025. Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat made the announcement on Sunday, 28 September 2025, during a high-level meeting with World Bank Group officials. The move is part […]
The Standard & Poors agency has raised Morocco’s sovereign credit rating from ‘BB+/B’ to ‘BBB-/A-3’ with stable outlook thanks to the resilience shown by the country’s economy in the face of consecutive economic shocks, including the one triggered by the instability in global trade because of U.S. trade tariffs. Economic growth prospects are solid, with […]
Morocco’s economic growth is expected to reach 4.2 % in 2025 and 4 % in 2026, driven by public investment, according to the projections of the European Bank for Reconstruction & Development. In its latest report on regional economic prospects, the Bank said inflation in Morocco fell to an average of 1.2 % in the […]
British fintech giant Revolut is in advanced negotiations with Bank Al-Maghrib as it seeks to establish a strategic foothold in Morocco, potentially positioning the country as its continental base for expansion across Africa. Speaking to reporters, governor of Morocco’s central bank Abdellatif Jouahri said the institution held technical meetings with Revolut’s representatives in June and […]
Banking deposits in Morocco have experienced consistent growth over the past decade, reaching 1.271 trillion dirhams ($120 billion) in 2024 compared to 740 billion dirhams in 2014, representing a remarkable 72% increase. Bank Al-Maghrib monetary statistics confirm this robust upward trajectory, with deposits surpassing the one trillion-dirham milestone in 2020. The growth pattern demonstrates strong […]
Morocco’s central bank will begin implementing inflation targeting in January 2027, marking a major shift in its monetary policy framework, while maintaining its current exchange rate regime for the time being, Bank Al-Maghrib Governor Abdellatif Jouahri said. Speaking after the bank’s quarterly board meeting in Rabat Monday, Jouahri said the Moroccan economy is not yet […]