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Morocco's Inflation Outlook: Bank Al-Maghrib Forecasts a Decline on the Horizon

Morocco's central bank, Bank Al-Maghrib (BAM), envisions a promising trajectory for the country's inflation rate, forecasting a decline from 6.6% in 2022 to an average of 6.1% in 2023. Looking further ahead, the rate is anticipated to decrease even more, reaching 2.4% in both 2024 and 2025, according......

2023: A Remarkable Year for Morocco's Automotive Industry

In a dazzling display of growth and significant advancements, Morocco's automotive industry has soared to unprecedented heights, marking an exceptional year for the sector. According to the monthly indicators of foreign trade by the Office des Changes, automotive sales witnessed a staggering 30.5%......

Moroccan Economy Set for Steady Growth: Central Bank Forecasts 2.7% Expansion in 2023

In a promising outlook for the Moroccan economy, Bank Al-Maghrib (BAM), the country's central bank, has projected a growth rate of 2.7% for the year 2023, with further improvements anticipated in the following years. The latest quarterly meeting of BAM has illuminated the positive trajectory, indicating......

Morocco Contemplates Cryptocurrency Legislation: Safeguarding Investors and Embracing Global Standards

Morocco is on the verge of a significant regulatory breakthrough in the realm of crypto assets, as it works on a new bill aligning with recommendations from the latest G20 Summit. Governor Abdellatif Jouahri of Bank Al-Maghrib (BAM), the central bank of the Kingdom, unveiled this progressive development......

Bank Al-Maghrib and Swiss SECO Form Strategic Alliance

A groundbreaking alliance was officially solidified on Monday between Morocco's distinguished Bank Al-Maghrib (BAM) and Switzerland's formidable State Secretariat for Economic Affairs (SECO), marking the commencement of a new chapter in their bilateral partnership focused on strengthening the......

Bank Al-Maghrib Inspires High Investor Confidence with Steady Interest Rates

Rabat - As inflation shows signs of deceleration, Morocco's central bank, Bank Al-Maghrib, is widely expected to maintain benchmark interest rates at 3% during its upcoming quarterly meeting on December 19th. According to a recent survey conducted by Attijari Global Research, there is unanimous......

Morocco Bio Charts Bold Growth Plans for the Organic Sector

Morocco's organic industry has revealed an ambitious strategic roadmap, aiming to propel significant growth. Maroc Bio, the country's exclusive organic trade group, is intensifying efforts to support farmers transitioning to organic methods, particularly by simplifying access to government subsidies. During......

Société Générale Maroc Clinches Four Awards at the 2023 African Banking Awards

Société Générale Maroc adds new accolades to its list of achievements, as the Group is honored four times by the internationally renowned platform, "EMEA Finance Magazine," at the 2023 African Banking Awards. The bank secures the titles of "Best Foreign Bank"......

TotalEnergies and FNTT Forge a Green Path for Moroccan Tourist Transport with Innovative Fuel Cards

In a forward-looking move geared towards sustainability, TotalEnergies Marketing Maroc and the National Federation of Tourist Transport (FNTT) have recently sealed a strategic partnership. This collaboration, formalized by the signing of a convention, aims to offer Moroccan tourist transporters innovative......