First Independent Mena Newspaper
OCP S.A. has successfully completed a $149.9 million ‘tap issue’ backed by the 10.25-year tranche of the perpetual subordinated hybrid bond it launched in April 2026, the phosphate group announced September 21. The operation was carried out under authorization granted by OCP’s board of directors on March 12, 2026, and benefits from the prospectus exemption […]
The Moroccan central bank, Bank Al Maghrib, kept its benchmark interest rate unchanged at 2.25 percent following its third quarterly board meeting of 2026, citing elevated uncertainty linked to geopolitical tensions and their impact on global supply chains and key inputs for domestic industries. In a statement after the meeting, the central bank said the […]
The International Monetary Fund (IMF) forecasts a decline in Algeria ‘s foreign exchange reserves from $51 billion in 2025 to $46.5 billion this year, before plummeting to 19.8 billion in 2031, a 61.2% contraction that would reduce the country’s import coverage from 8.6 months to 3.3 months. In a statement issued after concluding Article IV […]
Morocco’s consumer price index fell 0.3% year-on-year in August 2026, marking a second consecutive month of negative annual inflation after a 0.6% decline in July, according to the High Commission for Planning (HCP). The drop was driven primarily by a 3.9% annual fall in food prices, which more than offset a 2.5% rise in non-food […]
The 20th Forum of training directors from Francophone Central Banks opened in Nouakchott this Tuesday, 22 September 2026, with discussions focused on preparing staff for changing roles in the financial sector. Hosted by the Central Bank of Mauritania, it runs until 24 September. Governor Mohamed Lemine Ould Dhehby said central banks needed training that would […]
Tamwilcom has received the World Bank’s highest rating, ‘Highly Satisfactory,’ for its Innov Invest Fund, nearly a decade after the program’s launch to finance and support Moroccan startups. Launched in 2017 with financial and technical backing from the World Bank, the fund is implemented by Tamwilcom on behalf of the Ministry of Economy and Finance […]
Fitch Ratings has affirmed Morocco’s Long-Term Issuer Default Rating at BB+ with a Stable Outlook, citing the Kingdom’s sound macroeconomic policies, adequate external liquidity buffers and strong support from official creditors. The affirmation also reflects a relatively favorable debt profile, according to the rating agency. Fitch expects the central government fiscal deficit to widen to […]
The OPEC Fund for International Development has agreed to extend Morocco $150 million to help finance a major new dam designed to improve water security and climate resilience by reducing flood risks and supporting sustainable agriculture. The OPEC fund financial support to Morocco is part of $645 million approved by the Fund to strengthen infrastructure […]
British fintech Revolut, a licensed bank operating online, has confirmed that sensitive customer information was disclosed to an unauthorized third party after it received fake government request. European payments group has contacted clients whose IDs, addresses, verification pictures, bitcoin activity and other details were handed over to hackers posing as government officials. Nearly 700 Revolut […]
J.P. Morgan has placed Morocco among the core countries set to receive some of the highest weightings in its new GBI-EM Edge index, which tracks local-currency sovereign bonds across 26 frontier market economies. The international financial services firm will launch by end of September its “Government Bond–Emerging Market Index” (GBI-EM) covering almost $ 330 billion […]