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Keywords: Fitch
Moroccan banks are poised for robust growth in the coming years, driven by favorable economic conditions, significant investments, and ongoing reforms, according to a recent report by Fitch Ratings. The financial sector is expected to maintain strong profitability through 2025 and 2026, as large infrastructure......
Morocco's tourism sector is experiencing a remarkable resurgence, with the country welcoming 11.8 million tourists by the end of August 2024. This impressive figure represents a 16% increase compared to the same period last year, according to data released by the Directorate of Financial Studies......
In a significant development reflecting the economic ramifications of the prolonged Gaza conflict, Fitch Ratings has downgraded Israel's credit rating from A+ to A. This decision comes as the devastating war approaches its first anniversary with no clear resolution in sight. The credit ratings agency's......
In a significant move that could reshape Morocco's economic landscape, Bank Al-Maghrib (BAM), the country's central bank, is expected to implement additional cuts to its policy rates during the latter half of 2024. This forecast, put forth by Fitch Solutions, suggests a continuation of the monetary......
In a significant shift within Africa's automotive landscape, Morocco has overtaken South Africa as the continent's premier car manufacturer. This development, reported by L'Économiste, marks a pivotal moment in the industry's history and signals a new era for North African manufacturing......
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......
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......
In a landscape-shifting move, major French banks are withdrawing from their long-standing presence in African markets, creating new competition and opening doors for local and regional lenders. This trend, outlined in a recent Fitch Ratings report, signals a significant transformation in the African......
In an era fraught with global tribulations, Morocco has emerged as a paragon of resilience, surmounting economic challenges and distinguishing itself on the world stage. The North African nation's extraordinary economic performance, marked by sturdy growth and a sharp decline in inflation, has captivated......