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Morocco’s industrial sector shows resilience as business climate holds steady

Morocco’s industrial sector maintained a stable business environment in the second quarter of 2025, with most companies reporting normal operating conditions, according to the latest survey by Bank Al Maghrib (BAM). The findings show steady performance across key industries, despite sector-specific......

World Bank approves $400 million program to expand clean energy access in Ethiopia

The World Bank has approved a $400 million financing package to support Ethiopia’s efforts to provide clean and reliable electricity to nearly six million people. The funding is part of the Accelerating Sustainable and Clean Energy Access Transformation (ASCENT) Program for Results (PforR), an......

World Bank approves second $125 million grant to support Somalia's reforms

The World Bank’s Board of Executive Directors has approved a second Development Policy Financing (DPF) operation for the Federal Republic of Somalia, amounting to $125 million. The grant will be provided by the International Development Association (IDA), the Bank’s fund for the world’s......

Household credit sees moderate rise as interest rates ease in Q2 2025

The volume of outstanding bank credit in Morocco reached 1,175.5 billion dirhams by the end of June 2025, reflecting an annual growth of 5.8%, according to the latest figures released by Bank Al-Maghrib (BAM). This increase includes a 4.4% rise in loans granted to non-financial agents and a significant......

Moroccan household debt declines slightly in 2024, government workers remain most indebted

Moroccan households saw a modest reduction in their debt burden in 2024, with the average debt-to-income ratio falling to 34%, down from 35% in 2023. The findings come from the 2024 annual financial stability report, jointly published by Bank Al-Maghrib (BAM), the Insurance and Social Welfare Control......

Key indicators from BAM: Dirham trends, market liquidity, and stock performance

During the period from July 24 to 29, 2025, the Moroccan dirham appreciated by 0.6% against the euro and depreciated by 1% against the US dollar, according to Bank Al-Maghrib (BAM). In its latest weekly indicators bulletin, BAM reported that no foreign exchange auctions were conducted during this time.......

Bank Al-Maghrib reports 27% profit growth in 2024, reaching MAD 6.46 billion

Bank Al-Maghrib (BAM), Morocco’s central bank, concluded 2024 as one of its most profitable years, recording a net profit of MAD 6.46 billion. This marks a 27% increase compared to the MAD 5.1 billion reported in 2023, despite rising operational expenses and economic challenges. Key drivers of......

Germany warns Israel of growing diplomatic isolation over Gaza and West Bank

Germany has issued a stark warning to Israel over its handling of the ongoing crisis in Gaza and its plans to annex parts of the West Bank, stating that Tel Aviv is becoming increasingly isolated on the international stage. Speaking ahead of his visit to Israel on July 31, German Foreign Minister Johann......

Morocco’s tax amnesty program slows cash circulation growth in 2024

Morocco’s tax amnesty program significantly slowed the growth of cash in circulation in 2024, according to Bank Al-Maghrib’s (BAM) annual financial report. The initiative, launched by the General Directorate of Taxes, reduced the growth rate of banknotes and coins in circulation to 8%, down......