First Independent Mena Newspaper
Algeria’s public finances are under mounting pressure after a dramatic drop in budget revenues in 2024, driven by falling hydrocarbon income and sluggish non-oil tax collection, according to the Bank of Algeria’s. Total budget revenues fell by 22.66% year-on-year, with hydrocarbon revenues plunging by 31.13% and non-hydrocarbon revenues declining by 13.50%, the Bank said in […]
Morocco’s Central bank has decided to maintain its key interest rate unchanged at 2.25 %, while continuing to strengthen the measures aimed at easing financing conditions for businesses, especially very small enterprises (VSEs). The decision was made Tuesday by the Bank’s board after having analyzed national and international economic developments and reviewed medium-term macroeconomic projections. […]
In Morocco’s rural heartland, Crédit Agricole du Maroc demonstrates how banking can transcend financial transactions to become a catalyst for community transformation. Two farmers’ stories, relayed by le360 news outlet, illustrate the institution’s profound impact on agricultural development and rural empowerment across the kingdom. Rahma Khalfaoui, a widow from Douar Aourach near Khénifra, has rebuilt […]
Morocco’s comprehensive pension system reform may face postponement beyond the 2026 legislative elections, as government officials acknowledge the complexity of achieving social consensus on the politically sensitive restructuring. In an interview with le360 news outlet, Economist Zakaria Ferano argues that “an electoral year is inappropriate for this type of undertaking,” given the technical, social, and […]
Morocco’s domestic tax revenues rose by an unprecedented 21% year-on-year by the end of August, signaling a remarkable fiscal performance ahead of the presentation of the draft Finance Bill for the upcoming legislative session, scheduled before October 20. The surge reflects a dynamic tax environment, with the country’s three main levies (corporate income tax (IS), […]
Morocco’s draft 2026 budget projects an economic growth rate of 4.5%, a figure that outpaces the global average of 3% and far exceeds the European Union’s sluggish 1%. On paper, the outlook appears promising. In reality, however, the growth target masks deeper structural issues. “A 4.5% growth rate is insufficient to absorb the growing ranks […]
Morocco has been selected among 13 beneficiary countries from a new green financial program worth $634 million provided by the European Bank for Reconstruction and Development (EBRD) and the Green Climate Fund (GCF). Under this program, Morocco, Egypt, Jordan, Armenia, Georgia, Kazakhstan, Kyrgyz Republic, Moldova, Mongolia, North Macedonia, Serbia, Tajikistan and Uzbekistan will benefit from […]
President of Central African Republic, Faustin-Archange Touadéra has thanked King Mohammed VI for hosting a meeting highlighting the investment opportunities offered in this landlocked African country. The investment meeting, organized in Casablanca from 14 to 15 September, was marked by the presence of several Moroccan, Central African, Arab and foreign officials as well as diplomats […]
Governments and businesses in Nigeria, Kenya, and South Africa are grappling with sharply rising borrowing costs, a trend that poses serious risks to economic growth across Sub-Saharan Africa, according to a new report by Moody’s Ratings. Over the past five years, debt servicing costs have surged in all three economies due to weak policy frameworks, […]
The Central African Republic chose Casablanca as the strategic venue to unveil its ambitious National Development Plan 2024-2028, valued at approximately 7,000 billion CFA francs ($10.7 billion). This came during an Investment Round Table dedicated to financing the Central African Republic’s National Development Plan 2024-2028. The round table, held September 14-15, 2025, transformed Morocco’s economic […]