Morocco’s Credit Rating Downgraded as COVID-19 Impacts Economy
3 April 2021
The rating agency Standard & Poor’s has lowered Morocco’s sovereign rating from "BBB-/A-3" to "BB+/B". This emerges from the assessment published on April 2.
Economic growth
Morocco Aims to Become Africa’s Digital Hub with Industry 4.0 Push
28 March 2021
Morocco has great potential to make it the digital crossroads of the continent, provided the government implements appropriate policies for change. Ludovic Subran, chief (…)
Morocco’s Economy Set to Grow 5.3% in 2021, Boosted by Agricultural Rebound
26 March 2021
The Moroccan economy is expected to grow by 5.3% this year before settling at 3.2% the following year, according to data just published by Bank Al-Maghrib (BAM).
Morocco’s Economic Recovery at Risk as Vaccine Supply Concerns Grow
12 March 2021
Morocco’s economic growth in 2021 is dependent on the successful rollout of the mass vaccination campaign against Covid-19, which should allow the country to reach herd (…)
Tanger Med Port Sets Record Container Traffic, Surges 20% in 2020
28 February 2021
In the fourth quarter of 2020, the activity of the Tanger Med port hub resulted in an increase in the main indicators of port activity. For the year 2020 in general, the (…)
Morocco Considers Cannabis Legalization, Eyeing Lesotho’s Economic Success
26 February 2021
Morocco, which is about to legalize the use of cannabis, should draw inspiration from the experience of Lesotho, which has become a global market that industrial cannabis (…)
Morocco Taps Diaspora for Economic Recovery, Seeks Overseas Investment
19 February 2021
The kingdom must count on Moroccans living abroad in the economic recovery plan. In this sense, they have been invited to participate in the thematic funds related to the (…)
Morocco Rated ’Fairly High Risk’ for Corporate Debt, Coface Report Shows
14 February 2021
Morocco should succeed in better managing the health crisis than the other MENA countries, according to the latest quarterly barometer of the credit insurer Coface, which (…)
Morocco Sees 22% Drop in Business Failures Amid Pandemic, Lowest Since 2015
7 February 2021
In 2020, 6,612 business failures were recorded in Morocco. According to Inforisk, this is the largest drop noted in recent years.
Moody’s Maintains Morocco’s Credit Rating, Shifts Outlook to Negative Amid Pandemic Impact
6 February 2021
The rating agency Moody’s has maintained Morocco’s credit rating at "Ba1" due to its ability to access external and domestic financing on favorable terms. While Morocco’s (…)