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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 secures €2 billion in euro bonds for World Cup 2030 preparations

Morocco has successfully raised €2 billion ($2.2 billion) in euro-denominated bonds, marking its first eurobond sale in five years. This significant financial move attracted bids totaling over €6.75 billion, surpassing initial expectations by €500 million. The funds will primarily support......

Morocco sets ambitious goal to reduce budget deficit below 67% by 2027

Morocco's government is embarking on an ambitious plan to balance economic stability with essential social welfare investments. Minister of Economy and Finance, Nadia Fettah, recently announced that the country’s budgetary programming for 2025-2027 will prioritize reducing the budget deficit......

Morocco launches consumer hotline to tackle Ramadan price concerns

As Ramadan begins, Morocco has introduced the national hotline number 5757 to address consumer complaints and ensure market stability during the holy month. This initiative aims to alleviate growing concerns over rising food prices and the availability of essential goods, which are central to traditional......

Morocco eyes €1 billion euro bond sale amid falling yields

Morocco is preparing to tap international debt markets with a new euro-denominated bond issuance, its first since 2023, to help finance an ambitious infrastructure development program ahead of co-hosting the 2030 FIFA World Cup. Finance Minister Nadia Fettah Alaoui emphasized the country's current......

US diplomat concludes Morocco mission amid strengthened bilateral ties

Puneet Talwar has concluded his role as United States Ambassador to Morocco, following a final meeting with Moroccan Finance Minister Nadia Fettah in Rabat. The departure, reported by Africa Intelligence on January 16, marks the end of his two-year diplomatic mission that began in November 2022. During......

Morocco's Business Landscape Faces Critical Challenge as 40,000 Companies Face Closure in 2024

The Moroccan business sector is experiencing significant turbulence as an estimated 40,000 businesses are expected to close their doors by the end of 2024, according to recent reports from the Moroccan Confederation of SMEs (CMTPME). This dramatic increase in business closures highlights the ongoing......

Morocco's Housing Support Initiative Reaches Over 33,000 Families with Direct Financial Aid

Morocco's national housing support program has provided financial assistance to 33,565 families seeking homeownership, according to recent government data shared by Minister of Economy and Finance Nadia Fettah in parliament. The "Direct Aid to Housing" initiative has shown significant......

Morocco's Social Programs Show Mixed Progress: Housing Aid Reaches 33,000 Families While Healthcare Reimbursements Improve

Morocco's ambitious social welfare initiatives demonstrated notable progress in late 2024, with the government's direct housing support program benefiting over 33,000 families while healthcare reimbursement processing times continued to improve. Minister of Economy and Finance Nadia Fettah revealed......