X

Keywords:


Morocco's Fiscal Outlook: Fitch Ratings Predicts Deficit Reduction by 2026

Projected Spending Cuts and Fiscal Strategies Signal Optimism Amid Challenges Morocco is on a path to reduce its fiscal deficit over the next few years, according to a new report from Fitch Ratings. The credit rating agency forecasts that the North African nation’s fiscal deficit will decrease......

Avito Expo: The Preeminent Automotive Extravaganza Unleashes Its Second Edition

Casablanca has set the stage for an automotive spectacle as the Avito Expo, the premier used car exhibition, unveiled its second edition on July 1, 2024. This unmissable event in Morocco's pre-owned vehicle market is anticipated to attract 50,000 visitors, surpassing the footfall of its inaugural......

Real Estate Sector Grapples with Multifaceted Challenges in Recovery Phase

In the intricate landscape of the real estate sector, a modest 0.6% increase in prices since the beginning of the year marks a positive trajectory. Yet, the industry continues to grapple with multifaceted challenges. Eroding purchasing power, escalating construction material costs, and rising interest......

Explosive Allegations: New Evidence Unveils Ties Between British Bank and Terrorist Funding

In a shocking revelation, newly uncovered evidence suggests that a prominent British bank, Standard Chartered, may have facilitated billions of dollars in transactions linked to entities designated by the United States government as funders of terrorist organizations. These explosive allegations have......

OCP Group Secures €200M Financing for Sustainable Initiatives

In a significant stride towards sustainable development, the OCP Group, a leading global fertilizer producer, has secured a €200 million (MAD 2.1 billion) financing agreement from KfW, Germany's esteemed development and investment bank. This substantial investment will fuel the group's unwavering......

AfDB and Banque Centrale Populaire Join Forces to Catalyze African Trade and Entrepreneurship

In a landmark move to bolster private sector financing and invigorate trade across the African continent, the African Development Bank (AfDB) and Banque Centrale Populaire (BCP) have inked a groundbreaking $70 million Risk-Sharing Agreement (RSA). This substantial financial commitment represents a global......

CAM Factoring: Crédit Agricole du Maroc Unveils Innovative Financing Solution for Sustainable Growth

Crédit Agricole du Maroc has taken a significant step towards supporting sustainable business growth by launching a new subsidiary, CAM Factoring, at a ceremony held on April 25 during the 16th edition of the SIAM agricultural fair. The event was attended by several notable figures, including......

Société Générale Launches "Solar Pack" Offer in Africa

In an innovative initiative, Société Générale is spearheading the energy transition in Africa with the launch of its flagship offer, the "Solar Pack." Through this offering, the banking group provides a turnkey solution to businesses and institutions in Africa to......

Strengthening Infrastructure Collaboration: UK Experts Visit Morocco to Forge Partnerships for Mega-Projects

Major infrastructure projects demand meticulous planning and seamless coordination among stakeholders. Signaling a deepening bilateral collaboration in ambitious development endeavors, a delegation from the UK's Infrastructure and Projects Authority (IPA) has embarked on a visit to Morocco this week. Under......