First Independent Mena Newspaper
Morocco’s external debt eased slightly in 2024 to $67.99 billion, down from a peak of $69.63 billion in 2023, according to the World Bank, which notes the debt was sustainable. In its International Debt Report 2025, the World Bank notes that the decline marks the end of a three-year upward trend and reflects the kingdom’s […]
Morocco’s parliament validated the 2026 Finance Bill on Friday, December 5, just 47 days after government submission on October 20. The Chamber of Representatives approved the legislation in second reading following Thursday’s green light from the Chamber of Advisors, completing an expedited budget marathon. The rapid adoption enables the current governing majority to implement major […]
The African Development Bank Group board of directors approved Wednesday a 450 million euro non-sovereign partial credit guarantee benefiting the Phosphates Office Group. This financing instrument, deployed in Morocco for the first time, aims to enable OCP Group to mobilize loans up to 530 million euros from international financial institutions aligned with its green financing […]
The African Development Bank Group board of directors approved Wednesday a 450 million euro non-sovereign partial credit guarantee benefiting the Phosphates Office Group. This financing instrument, deployed in Morocco for the first time, aims to enable OCP Group to mobilize loans up to 530 million euros from international financial institutions aligned with its green financing […]
Algeria’s President Tebboune has sought to play down the dire financial and monetary conditions in the country as the currency plunged to a historic low, trading at 290 dinars per euro on the informal market. This collapse signals a deeper structural crisis in an economy crippled by hydrocarbon dependency, corruption, and chronic mismanagement. The dinar’s […]
The new Moroccan fund regulation is expected to be credit neutral to Fitch-rated Moroccan Money Market Fund (MMF) ratings, the global ranting agency says in a press release. On 21 October 2025, Morocco’s Chamber of Representatives adopted Project/Law No. 03.25, a reform of the regulatory framework for collective investment undertakings in transferable securities (OPCVMs). The […]
Morocco recorded substantial growth in foreign direct investment during the first ten months of 2025, with net flows strengthening 39.4 percent to reach 27.06 billion dirhams compared to 19.41 billion dirhams during the same period last year, according to the Foreign Exchange Office. This evolution reflects renewed confidence among foreign investors and enhanced attractiveness of […]
The Moroccan currency is increasingly used in markets across West Africa and the Sahel, marking a significant shift in a region that has long been anchored to the CFA franc, tied to the French central bank. Although 14 African states still officially use the CFA franc, the Moroccan dirham has begun to circulate more widely […]
Morocco’s tourism sector has confirmed its robust post-pandemic momentum with the tourism gross domestic product registering a remarkable 38.4 percent increase in 2024 compared to 2019 levels, according to the Tourism Satellite Account published by the High Commission for Planning. The sector’s contribution to national GDP strengthened from 6.8 percent to 7.3 percent, reflecting tourism’s […]
President Abdel-Fattah El-Sisi has endorsed the rollout of a second package of tax incentives aimed at rewarding compliant taxpayers and deepening trust between the State and the business community. During a high-level meeting on Sunday, November 30, with Prime Minister Mostafa Madbouly and Finance Minister Ahmed Kouchouk, the President reviewed the core elements of the […]