Morocco

Standard Chartered Eyes Morocco as a Launchpad for African Growth

10 days ago

In a strategic move aimed at expanding its footprint across Africa, Standard Chartered has turned its attention to Morocco and several other key markets on the continent. The international bank, known for its extensive network and robust banking relationships, sees significant promise in the African economy and is now advancing plans to enhance its operations in the region.

Morocco's Central Bank Responds to Economic Trends with Interest Rate Cut

1 month ago

In a pivotal economic decision reflecting the current market landscape, the Central Bank of Morocco has announced a reduction in its key interest rate. This strategic move, aimed at fostering economic growth, comes as inflation is projected to stabilize, suggesting a potential shift in the nation’s financial trajectory.

Morocco's Key Rate Cut Sparks Economic Boost Ahead of Major Investments

4 months ago

In a significant move to stimulate its economy, the Bank of Morocco has announced a reduction in its key interest rate, cutting it from 3.00% to 2.75%. This decision, effective immediately, is seen as a critical step to encourage investment and economic activity, particularly in light of the upcoming 2026 FIFA World Cup, which is expected to bring substantial financial influx and developmental opportunities to the nation.

Morocco Sets Sights on Easing Currency Peg with Ambitious 2026 Plan

6 months ago

In a significant move that signals potential shifts in its economic strategy, Morocco is reportedly planning to loosen its currency peg to the euro and the US dollar by 2026. This initiative seeks to increase the flexibility of the nation's currency, thereby enhancing its economic stability and resilience against external shocks.

Morocco's Bold Move: Doubling Green Power Output for World Cup in West Sahara

6 months ago

In a significant announcement that aligns sustainability with international sporting events, Morocco is set to double its green power output from the contested region of West Sahara as part of its commitments for the upcoming FIFA World Cup. This initiative showcases the country’s dedication to not only enhancing its renewable energy portfolio but also to leveraging significant global events to spotlight its resources and capabilities.