La Conserverie des 2 Mers, a French-owned anchovy processing company based in Tangier’s Moghogha industrial zone, has secured funding from MED TEST to modernize its production facility with advanced energy efficiency and environmental protection measures. The investment marks a significant step toward sustainable food processing in Morocco’s thriving seafood industry. The subsidiary of French seafood […]
Finance
Sahel trio to fund regional investment bank as break with ECOWAS deepens
The military-led governments of Mali, Niger, and Burkina Faso have unveiled plans to fund a new regional investment bank with a portion of their national tax revenues, signaling a deepening break from traditional financial partners and regional bodies. Each country will contribute approximately 5% of its annual tax revenues to the bank, which aims to […]
Moroccan central bank urges accelerated reforms to sustain growth
Morocco must intensify structural reforms and rethink its economic strategy to maintain resilience in the face of mounting climate risks, fiscal pressures, and social demands, according to the 2024 annual report from Bank Al-Maghrib. The report, presented to King Mohammed VI by the Bank’s Governor Abdellatif Jouahri, was released on the occasion of Throne Day. […]
Morocco’s King receives Central Bank’s annual report, focus on Kingdom’s economic & financial situation in 2024
King Mohammed VI received, on Tuesday at the Royal Palace in Tetouan, Governor of central Bank Abdellatif Jouahri, who presented to the Sovereign the Bank’s annual report on the Kingdom’s economic, monetary and financial situation in 2024. The royal audience was attended by Crown Prince Moulay El Hassan and Prince Moulay Rachid. In his address […]
Morocco to cut budget deficit to 3% in 2026
The Moroccan government expects to cut its budget deficit to 3% of GDP in 2026, from 3.5% this year, as it continues to pursue fiscal consolidation and structural reforms, finance minister Nadia Fettah Alaoui said. The government expects to narrow the deficit thanks to tax reforms, while maintaining support for strategic investments and social programs, […]
Morocco commits to reform agenda in 2026 budget planning
Morocco’s government has reaffirmed its commitment to implementing comprehensive reforms as it prepares the 2026 Finance Bill and three-year budgetary programming for 2026-2028, Economy and Finance Minister Nadia Fettah announced Thursday in Rabat. Speaking before the Government Council, Fettah emphasized that reform initiatives align with Royal directives and form part of an integrated development framework […]
Bank of Africa launches summer campaign for Moroccan diaspora
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 plans $4.23 billion airport overhaul over 2025-2030
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 […]
Maroc Telecom surpasses 80 million subscribers amid fierce competition
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 narrows amid surge in remittances, tourism revenue
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 […]