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OCP and SACE forge €365 million green financing partnership

OCP Group has officially announced a groundbreaking €365 million financing agreement with Italy’s export credit agency, SACE. This notable arrangement marks the first of its kind under OCP’s Green Finance Framework and represents a pioneering collaboration guaranteed by SACE’s......

Morocco tops Africa as best country for foreign entrepreneurs in 2025

A recent American report has recognized Morocco as the leading African nation and ranked it 34th globally among the best countries for foreign entrepreneurs in 2025. This distinction highlights Morocco’s strategic geographical position bridging Africa, Europe, and the Atlantic Ocean, combined with......

Digitalisation partnership between Crédit Agricole du Maroc, ONICL, and PORTNET S.A

In a significant development during the 17th edition of the International Agriculture Show in Morocco, Crédit Agricole du Maroc forged a partnership on April 24 in Meknes with the National Interprofessional Office for Cereals and Legumes (ONICL) and PORTNET S.A, the National Single Window for......

Comuns push for €20 million credit supplement for renewable energy company

The Comuns party has proposed to the Catalan government the allocation of €20 million from a new credit supplement to the public renewable energy company, l'Energètica, as confirmed by party sources to Europa Press. According to Catalunya Ràdio, the additional funding would be......

IMF approves $4.5 billion flexible credit line for Morocco

The Executive Board of the International Monetary Fund (IMF) has granted a new two-year agreement for Morocco under the Flexible Credit Line (FCL), amounting to approximately $4.5 billion, or 386% of the country's quota. According to a statement released on the IMF's official website, this agreement......

Morocco successfully issues €2 billion bond in international markets

Morocco has successfully executed an international bond issuance totaling €2 billion, marking its first such move since 2020. Sources close to the Ministry of Finance indicate that officials were still on site as initial details of the operation began to surface. To lead this issuance, Morocco......

Morocco maintains Ba1 credit rating amidst economic challenges

Morocco’s credit rating remains stable at Ba1, as confirmed by Moody’s during its latest review. This rating reflects a complex landscape of strengths and vulnerabilities, highlighting effective governance and a robust domestic financing structure, contrasted with low income levels and risks......

Morocco plans a holding company to align actions of thirteen key public banks and funds

Morocco is exploring the creation of a holding company aimed at unifying the actions of thirteen major public banks and investment funds, as part of a broader reform to manage state-owned assets more efficiently. The National Agency for Strategic Management of State Holdings, responsible for overseeing......

Stéphane Rutili appointed CEO of Allianz Trade in Morocco, bringing decades of expertise to the role

Allianz Trade, a global leader in credit insurance, has named Stéphane Rutili as its new Chief Executive Officer for Morocco, effective January 2025. Rutili steps into the role following the departure of Hicham Bensaid Alaoui, who concluded his tenure at the end of December 2024. With a career......