First Independent Mena Newspaper
Morocco’s banking sector has demonstrated remarkable resilience and growth, with net profits surging 24 percent according to the latest assessment by the country’s financial stability watchdog, reinforcing the sector’s position as a pillar of economic strength. The Committee for Coordination and Monitoring of Systemic Risks (CCSRS), meeting Monday at Bank Al-Maghrib headquarters in Rabat, highlighted […]
Morocco’s Central Bank has joined the Pan-African Payment and Settlement System (PAPSS), a centralized financial market infrastructure that enables the efficient flow of money securely across African borders, minimizing risk and contributing to financial integration across the Continent. Morocco becomes the 17th country adhering to PAPSS developed by the African Export-Import Bank (Afreximbank) in partnership […]
International research firm BMI, a Fitch Solutions subsidiary, has revised Morocco’s 2025 economic growth forecast downward to 4.8%, from a previous estimate of 5%. The adjustment reflects cautious optimism amid an uncertain agricultural recovery and mixed signals in public and private investment. The revision follows Morocco’s High Commission for Planning data showing real GDP growth […]
Algeria’s economic foundations are showing serious cracks, including an unsustainable fiscal system, rigid economic structure, dependence on oil and mounting external vulnerabilities, the IMF warned in a new report. The budget deficit expanded to 13.9% of GDP in 2024, one of the highest in the region, the IMF said, noting that this sharp deterioration stems […]
The International Finance Corporation (IFC) said it is working with the African Development Bank (AfDB) and Nigeria’s EbonyLife Media to study the feasibility of launching a pan-African investment vehicle targeting the continent’s film sector. The initiative aims to unlock fresh private and institutional capital to help African producers create and distribute stories for global audiences, […]
Africa’s trade is poised to hit a record $1.5 trillion in 2025, driven by accelerating regional integration and improved infrastructure, according to projections from the IMF and Afreximbank — yet economists warn of persistent structural hurdles. With trade growth expected to average 5.1% annually through 2026 and intra-African trade expanding at 6.6% per year, the […]
The Libyan Investment Authority (LIA) has achieved the highest growth rate among global sovereign wealth funds in 2025, according to a report by Global SWF. The LIA recorded an impressive 32% year-on-year growth, earning an overall score of 84% in the Governance, Sustainability, and Resilience (GSR) Scoreboard. This performance places the LIA third among Arab […]
Morocco’s economy continues to demonstrate remarkable resilience in the face of persistent global and domestic challenges. From prolonged droughts to geopolitical tensions and supply chain disruptions, the Kingdom has managed to stay on course, thanks to strategic reforms, economic diversification, and a stable macroeconomic framework. Historically reliant on rainfall and agriculture, Morocco is steadily reducing […]
Africa has taken a major step toward financial self-determination with the launch of PAPSSCARD, the continent’s first Pan-African card scheme. Announced during the 32nd Afreximbank Annual Meetings in Abuja, Nigeria, the card aims to keep value, data, and economic benefits within Africa by processing payments entirely on the continent. The PAPSSCARD is a joint initiative […]
The African Development Bank (AfDB) has approved a financing package of over €300 million for Morocco to support entrepreneurship, job creation, and climate resilience. The funding aims to enhance the country’s economic competitiveness, strengthen resilience to climate change, and promote inclusive growth through skills development and entrepreneurship. AfDB says €181.8 million will support the second […]