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Keywords: Finance


Morocco's Banking Liquidity Deficit Increases by 21.9%

The liquidity deficit in Morocco’s banking system has surged by 21.9%, reaching MAD 168.3 billion during the week of April 3 to 9. This significant rise highlights tightening conditions within the money market. According to BMCE Capital Global Research (BKGR), the deficit’s increase follows......

Allianz Trade appoints Philippe Dessèvre as global head of reinsurance

Allianz Trade has announced the appointment of Philippe Dessèvre as its new Global Head of Reinsurance and CEO of Euler Hermes Reinsurance AG, effective October 1. This strategic leadership change follows the retirement of Benoît des Cressonnières, who has been with the company for......

Al Barid Bank reports 196% profit increase for 2024

Al Barid Bank has announced remarkable financial results for the year 2024, with its Group Net Profit reaching MAD 871.38 million ($87.14 million), reflecting a staggering 196% increase compared to 2023. This impressive performance was unveiled during a Supervisory Board meeting on March 28. The bank's......

GITEX Africa 2025: Spotlight on artificial intelligence in Morocco

The third edition of GITEX Africa 2025 is set to take place from April 14 to 16 in Marrakech, under the high patronage of King Mohammed VI. This year's event promises to be a significant gathering, featuring 1,500 exhibitors and 800 startups, including 200 Moroccan companies supported by the Ministry......

IMF approves $4.5 billion flexible credit line for Morocco

The Executive Board of the International Monetary Fund (IMF) has granted a new two-year agreement for Morocco under the Flexible Credit Line (FCL), amounting to approximately $4.5 billion, or 386% of the country's quota. According to a statement released on the IMF's official website, this agreement......

Morocco successfully issues €2 billion international bond

The Kingdom of Morocco announced on March 26, 2025, the issuance of a €2 billion bond on the international financial market in two tranches, as reported by the Ministry of Economy and Finance. The first tranche, with a maturity of four years, amounted to €900 million and was issued at a spread......

Tamwilcom Achieves $4.75 Billion in Financing for 2024

Tamwilcom, Morocco’s state-owned financial institution, has reported impressive financial results for 2024, mobilizing a total of MAD 47.5 billion (approximately $4.75 billion) across 82,200 operations. This achievement includes commitments amounting to MAD 28 billion ($2.8 billion). In a notable......

Morocco successfully issues €2 billion bond in international markets

Morocco has successfully executed an international bond issuance totaling €2 billion, marking its first such move since 2020. Sources close to the Ministry of Finance indicate that officials were still on site as initial details of the operation began to surface. To lead this issuance, Morocco......

Azimut enters Morocco’s financial sector with strategic investments

Italian asset management firm Azimut Holding has made a significant move into the Moroccan market by acquiring minority stakes in two subsidiaries of Red Med Capital, a prominent independent investment bank in Morocco. This strategic investment marks Azimut's inaugural foray into the Moroccan financial......

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