First Independent Mena Newspaper
The African Development Bank and the Fonds d’équipement communal (FEC) have signed a second agreement for a €150 million loan to support investment momentum across Morocco’s municipalities. The AfDB financing package will enable the FEC to continue funding sustainable, inclusive and climate-resilient infrastructure projects including the construction of rural access roads, drinking water networks, urban […]
Cash in circulation in Morocco rose 18.5% year-on-year to 491 billion dirhams (53.9 billion dollars) in 2025, highlighting the economy’s continued reliance on cash despite efforts to expand digital payments, according to Morocco’s central bank. Cash in circulation was equivalent to 28.5% of gross domestic product, the central bank said in its annual report, warning […]
Bank Al-Maghrib’s 2025 annual banking supervision report, presented by Nabil Badr, director of banking supervision, alongside deputies Ilham Zainane and Youssef Ghchioua, marks a strategic turning point, according to the daily L’Économiste. Rather than simply confirming the sector’s good health, the document reorients prudential strategy toward anticipating future threats — cybersecurity, climate risk, artificial intelligence […]
Morocco’s Minister of Economy and Finance, Nadia Fettah, presented parliament with an update on the execution of the 2026 budget law and the government’s fiscal roadmap for 2027-2029, built around three themes: the economic outlook, the state of public finances at mid-year, and budget priorities for the next three years. The government now expects growth […]
Morocco’s central bank has, for the first time, quantified the banking channel through which public financing crowds out credit to private companies. In its 2025 annual report, based on data spanning 2001 to 2025, Bank Al-Maghrib estimates that a one-point-of-GDP increase in public assets held by banks is associated, over the long term, with a […]
Morocco’s Ithmar Capital and the African Development Bank Group have announced a strengthened strategic partnership aimed at intensifying the mobilization of African institutional capital for cross-border infrastructure projects. The announcement, made in Abidjan, brings together the AfDB Group and the Africa Sovereign Investors Forum (ASIF), chaired by Ithmar Capital’s CEO Obaïd Amrane. Building on their […]
King Mohammed VI, accompanied by Crown Prince Moulay El Hassan, received Monday in the Royal Palace of Tetouan Governor of Bank Al-Maghrib Abdellatif Jouahri, who presented to him the Bank’s annual report on the economic, monetary, and financial situation for the year 2025. In an address during the audience, Jouahri stated that, in an international […]
Morocco’s financial authorities are mobilizing against the rise of internet fraud and cybercrime more broadly. Bank Al-Maghrib (BAM) and the National Financial Intelligence Authority (ANRF) jointly organized a national workshop in Rabat dedicated to combating phishing-type financial fraud, aimed at raising awareness of the risks involved and strengthening prevention mechanisms. The workshop forms part of […]
Morocco’s domestic demand is projected to grow 5.9 percent in 2026, moderating to 3.4 percent in 2027, while retaining its role as the principal engine of economic growth, according to the High Commission for Planning’s (HCP) Exploratory Economic Budget 2027. Domestic demand is expected to contribute 6.5 points to GDP growth in 2026 and 3.8 […]
Morocco’s economy expanded by 4.8 percent in year-on-year terms in the second quarter of 2026, an acceleration from the 4.6 percent recorded in the first quarter, according to the High Commission for Planning’s most recent economic conditions note. The growth was achieved despite a challenging international environment characterized by the continuation of the Iran conflict, […]