Finance & Economy

Good news for women entrepreneurs in the kingdom in this difficult period marked by the coronavirus. The European Bank for Reconstruction and Development (EBRD), in collaboration with the European Union, has in fact decided to strengthen its support for small and medium-sized enterprises managed and owned by businesswomen in Morocco. …

The European Investment Bank (EIB) is supporting the national private sector in the face of the new coronavirus Covid19 pandemic. The financial institution announced on Wednesday support for the private sector, notably through its lines of credit with Moroccan financial institutions, whose outstanding amount to date stands at 440 million …

The Minister of Industry, Trade and Green and Digital Economy, Moulay Hafid Elalamy, reassured about the availability of masks on the Moroccan market and displayed its optimism about a possible export with regard to production and the smooth running of the market supply operation. “In 3 days, there will be …

The Covid-19 crisis forced the Kingdom to use the IMF’s Precautionary and Liquidity Line (PLL). To cope with the shock, Morocco proceeded on April 7, 2020 to draw on the PLL for an amount equivalent to nearly $ 3 billion. The latter is repayable over a period of 5 years, …

Glovo announces the signing of a partnership with the leader of mass distribution in Morocco Marjane. Glovo thus continues its responsible commitment to support Moroccans during the confinement period, and now ensures home delivery of everyday consumer products from Marjane, such as fruit & vegetables, bakery, dairy products, groceries, and …

S&P has just confirmed Morocco’s investment grade rating. The country keeps the rating “BBB- / A-3”, with a stable outlook. Moody’s had recently maintained the sovereign rating at Ba1-stable. Rating agencies believe in Morocco’s ability to rebound quickly after the health and economic crisis linked to the coronavirus. “The stable …

The highway network has experienced a drop in traffic ranging from 70% to 90%, since March 25. The containment measures put in place by the government to fight against the coronavirus have brought down traffic on the highway network in Morocco. A drop ranging from 70% during the week to …

The net flow of Foreign Direct Investments (FDI) reached MAD 2.21 billion at the end of last February against MAD 2.75 billion a year earlier, representing a drop of 19.5% year on year. This situation results from the drop in FDI receipts by 35.1% (or -2 billion dirhams), mitigated by …

The airline pilots of the Royal Air Maroc (RAM) airline expressed their categorical opposition to a drain on their wages. The RAM having been forced to suspend the flights and to immobilize the planes on the ground for a fortnight because of the crisis of the new coronavirus (covid-19), the …

The financial rating agency has renewed Morocco’s Ba1 rating with a stable outlook. “This rating reflects its demonstrated resilience to internal and external shocks, its access to relatively deep domestic financial markets and an economic transition to higher value-added export sectors,” said Moody’s. Like other countries, the Moroccan economy will …