Morocco · Country watch
Morocco Secures BAD Loan, OCP Repays Bond
Morocco signs a major loan agreement with the African Development Bank, while OCP announces early bond repayment.
The picture Improving How this is judged →
Business conditions in Morocco are improving with a significant loan from the African Development Bank to support economic reforms and OCP's early bond repayment, indicating financial stability.
In this briefing Fouzi Lekja · African Development Bank · Government of Morocco · OCP Group · Bank Al-Maghrib
Regulation
Morocco secures €434 million loan from BAD
Part of: Morocco secures significant funding for economic reforms →
Morocco has secured a €434.4 million loan from the African Development Bank to support economic reforms and enhance climate resilience. The agreement, signed on 13 November in Rabat by Minister of Economy and Finance Fouzi Lekja, aims to accelerate structural transformation and promote inclusive growth. The funds will be used to reform public enterprises, mobilize private investment, and strengthen resilience to external and climate shocks, according to La Vie Eco.
Impact Public-sector reformers and energy investors gain support from the €434 million BAD loan.
Sources: La Vie Eco ↗, Aujourdhui ↗, Telquel ↗, yabiladi.com ↗
Companies
OCP announces early repayment of bond
OCP SA announced it will repay its perpetual subordinated bond issued in December 2016 ahead of schedule. The repayment, set for 23 December 2026, will cover all outstanding bonds in tranches A to F. This decision follows the terms set in the original issuance agreement, according to Telquel. The early repayment reflects OCP's strong financial position and commitment to managing its debt effectively.
Impact Bondholders of OCP's perpetual bond will receive early repayment, indicating the company's strong financial health.
Sources: Telquel ↗, yabiladi.com ↗
Markets
Moroccan dirham rises against euro, falls against dollar
Part of: Moroccan Dirham's fluctuating performance against major currencies →
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The Moroccan dirham appreciated by 0.9% against the euro and depreciated by 0.3% against the US dollar from 5 to 11 November, according to Bank Al-Maghrib's weekly financial indicators. No foreign exchange market auctions were conducted during this period, and Morocco's official reserve assets stood at 515.6 billion dirhams, Agadir 24 reports.
Impact Currency traders and importers see the dirham's mixed performance against major currencies, affecting transaction costs.
Sources: Hespress ↗, Agadir 24 ↗
Nothing significant reported today in Disruption · Internal tension · Safety & health · Trade · Politics.
Also today in the local press
- أسعار الذهب تسجل خسائر أسبوعية حادة — Hespress
- Marché obligataire : Les taux poursuivent leur trend haussier — La Vie Eco
- خلل واحد يربك مؤسسات العالم .. عطل "مايكروسوفت" يفضح التبعية الرقمية — Hespress
- Le Maroc vend deux fois plus au Royaume-Uni qu'il ne lui achète, les nouveaux chiffres le confirment — bladi.net
- وقفة أمام البرلمان لدعم غزة وضد مكتب الملحق العسكري بالرباط (فيديو) — Alyaoum24
- أمريكا تشهد توقفا شاملا لإقلاع الطائرات — Hespress
- حظر إقلاع الطائرات من جميع المطارات الأمريكية.. مسؤول يكشف السبب — Tanja7
- أسعار الذهب ترتفع وسط ترقب الأسواق لبيانات التضخم الأمريكية — Agadir 24
Sources in this briefing
Sources: each headline links to the original article on the publisher's site.