First Independent Mena Newspaper
Fitch agency has affirmed that Attijariwafa Bank acquisition of a 55.2% stake in Société Générale’s Ghanaian subsidiary will not affect its BB+ rating assigned to the Moroccan Bank with stable outlook. The acquisition is likely to be ratings neutral for the Moroccan bank, Fitch says. Société Générale Ghana (SGG) had assets of less than USD1 […]
The central banks of Morocco and the United Arab Emirates have agreed to strengthen cooperation in banking supervision and Islamic finance, and interlink payment and financial messaging systems, contributing to stronger bilateral cooperation and enhancing the efficiency of cross-border financial transactions between the two countries. The agreement was inked lately in Abu Dhabi by Abdellatif […]
Morocco is entering a decisive turning point by placing the welfare state at the heart of its priorities, according to the Paris-based Jeune Afrique Magazine. Expectations now center on Fatima Ezzahra El Mansouri, national coordinator of the PAM, whom King Mohammed VI named head of government on 29 September. Her party puts the program’s extra […]
French Société Générale Group has agreed to sell its entire 60.22% stake in Société Générale Ghana, with Attijariwafa Bank taking 55.22% and the Social Security and National Insurance Trust (SSNIT) acquiring the remaining 5%, according to press reports. The deal, announced on October 1, is subject to regulatory approvals and other customary conditions. Once completed, […]
The post-election period opens a phase of trade-offs for Moroccan economic policy. Purchasing power, employment, investment, water, housing, social protection and competitiveness must be reconciled with budgetary margins and external balances as the 2027 Finance Bill nears. Bank Al-Maghrib held its policy rate at 2.25% on 22 September and forecasts average inflation of 0.7% in […]
Libya’s Administrative Control Authority and Capital Market Authority have discussed ways to strengthen financial market supervision, improve regulatory compliance and protect investors. The talks took place in Tripoli this Wednesday, 30 September 2026, when the Head of the Administrative Control Authority, Abdullah Qaderbouh, met the Chairman of the Capital Market Authority’s Management Committee, Osama Al-Salabi. […]
Morocco and the African Development Bank (AfDB) Group signed a €270 million financing agreement Tuesday in Casablanca for the country’s Airport Infrastructure Extension and Modernization Program (PEMIA), aimed at strengthening the Kingdom’s airport capacity. The agreement was signed by the AfDB’s Morocco country office head, Achraf Tarsim, and Adel El Fakir, director general of the […]
Morocco’s economy remains resilient amid regional tensions and should rank among the best-performing economies in the Southern and Eastern Mediterranean (SEMED) region, according to the European Bank for Reconstruction and Development’s (EBRD) latest regional economic outlook. The institution forecasts Moroccan growth of 4.8% in 2026 and 3.9% in 2027 — an upward revision of 0.4 […]
More than twenty years after its dramatic collapse, the Banque Nationale de Développement Économique (BNDE) continues to haunt Morocco’s financial history. Bank Al-Maghrib, led by Abdellatif Jouahri, has extended by one year the liquidation process of the former state development bank, a delay Jeune Afrique describes as reflecting the difficulty of settling the accounts of […]
Bank Al-Maghrib expects Morocco’s economic growth to slow to 4.4% in 2026, from 4.9% in 2025, before falling to 2.9% in 2027, as a strong agricultural rebound this year gives way to an expected decline next year. The central bank’s latest forecasts project agricultural value added to rise 16% in 2026 on a cereal harvest […]