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Enhancing Morocco's Financial Landscape: Key to Attracting Global Investors

Morocco must revitalize its financial sector to enhance its appeal as a business hub, according to the Milken Institute's 2024 Global Opportunity Index (GOI). Despite efforts to improve business allure, Morocco ranks 80th out of 129 countries in business infrastructure. The GOI evaluates countries......

Moroccan Financial Landscape Shifts as Saham Finances Acquires Societe Generale Maroc

In a significant development that underscores the changing dynamics of the African banking sector, Morocco's Competition Council has given the green light for Saham Finances to acquire a controlling stake in Societe Generale Marocaine de Banques. This move, valued at over 8 billion Moroccan dirhams......

Moroccan Financial Sector Anticipates Steady Course for Central Bank's Interest Rates

In a remarkable display of consensus, Morocco's financial community is exhibiting an almost unanimous expectation that Bank Al-Maghrib (BAM), the country's central bank, will maintain its current benchmark interest rate. This sentiment emerges from a recent survey conducted by Attijari Global......

Cyberattack Surge: Kaspersky Reveals 32% Increase in Financial Sector Phishing Attempts in Morocco

Kaspersky's technologies have uncovered a startling 32% surge in phishing link attempts targeting Morocco's financial sector during the first quarter of 2024, in comparison to the corresponding period in 2023. This alarming statistic specifically focuses on phishing links associated with financial......