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Tuesday, October 21, 2025 Morocco’s 2026 Finance Bill: OPCC and Tax Policy Updates for Institutional Investors Moroccan fiscal policy | economic reforms | investment opportunities | emerging markets The 2026 Finance Bill introduces key measures under the OPCC framework, aimed at enhancing fiscal efficiency and incentivizing private investment. Below is a detailed analysis of the proposed fiscal and economic reforms, crafted for foreign institutional investors and investment f

CasaNext FinCorp | Economic Policy Brief – October 2025 Rabat, October 19 2025 – Morocco has unveiled the strategic contours of its 2026 Finance Bill, following a ministerial council held at the Royal Palace in Rabat. The draft law articulates a comprehensive fiscal and development framework aligned with the national vision for inclusive and resilient growth, in continuity with the structural reforms launched under the “Rising Morocco” program. The 2026 Finance Bill comes aga

CasaNext FinCorp | Economic Policy Brief – October 2025 Rabat, October 19 2025 – Morocco’s executive leadership convened a high-level ministerial council to outline the strategic orientations of the national development agenda for the 2026-2030 period. The session focused on consolidating macroeconomic stability, accelerating structural reforms, and aligning national policy with the country’s long-term competitiveness goals amid evolving global economic conditions. The meetin

Insight for Institutional and International Investors Executive Summary Over the past few days, Morocco has announced two major economic policy shifts that should be on the radar of global investors: A recalibrated 2026 national budget aimed at strengthening health and education spending and reducing regional disparities. A sizable industrial investment by Safran , the French aerospace group, to establish engine-assembly and maintenance facilities in Morocco — signifying a ma

CasaNext FinCorp | BMCE Capital Global Research Forecast – October 2025 Morocco’s equity market is on track to deliver its strongest corporate earnings performance in history. According to the latest research note from BMCE Capital Global Research, the aggregate profits of listed companies are projected to reach MAD 41.2 billion in 2025, breaking the MAD 40 billion threshold for the first time. This represents a robust 30.8% increase compared with 2024, underpinned by broad-b

BMCE Capital Global Research (BKGR) frames Morocco’s elevation to Investment Grade as a pivotal moment for the country’s economic trajectory and global capital market positioning. BKGR notes that the move reflects international recognition of Morocco’s fiscal discipline, growth resilience, and sectoral diversification efforts, and that the compression of sovereign spreads had already begun prior to the formal upgrade. In the fixed-income market, BKGR anticipates a meaningful

BMCE Capital Global Research (BKGR) has affirmed its “Buy” recommendation on Attijariwafa Bank and raised its price target to MAD 900, implying ~16.5% upside relative to the share price of MAD 772 on September 12, 2025. In the first half of 2025, the bank’s outstanding loans grew by 0.9% to MAD 417.4 billion, reflecting a year-on-year increase of 5%. BKGR expects loan growth to accelerate to +8% in 2025 and +7% in 2026, driven by major infrastructure projects related to the 2

Source context: Boursenews video “Les perspectives de la Bourse de Casablanca avec CFG Marchés,” recorded in Marrakech during the 12th CFG Bank Equity Conference, which brought together c.~28 listed (and regional) issuers and ~110 investors from 15 nationalities. What follows is CasaNext’s professional summary of CFG Marchés’ views shared at the event. Executive takeaways Constructive sentiment despite a healthy pullback. After a multi-month rally, recent volatility is framed

The national rebound that began in late-2023 is expected to persist into H2-2025. HCP projects real GDP growth of 4.3% YoY in Q3 and an acceleration to 4.7% YoY in Q4, with core inflation below 2% over the period. The current upswing has run for six consecutive quarters, led by non-agriculture activity averaging +4.8% YoY per quarter and peaking at +5.5% in Q2 on broad-based momentum across manufacturing and mining, construction, and hospitality (these sectors contributed ~40

Morocco’s Treasury (TGR) reported a budget deficit of MAD 50.5 billion at the end of September 2025, compared with MAD 26.6 billion a year earlier, according to its latest monthly public finance bulletin. This shortfall includes a negative balance of MAD 2.8 billion from special Treasury accounts (CST) and autonomous state-managed services (SEGMA). Ordinary revenues rose 17.4% year-on-year to MAD 310.7 billion, driven by higher tax and non-tax receipts, while ordinary expendi

CasaNext Insight: To navigate budgetary constraints and enhance resource efficiency, the Moroccan government is adopting innovative...

Introduction What are OPCIs? How do they work? What advantages do they offer investors and the broader real estate market? And how can...

CasaNext FinCorp | Market Insight His Majesty King Mohammed VI’s address to Parliament marks a pivotal policy moment — reaffirming the...

A recent analysis by The African Exponent highlights Morocco’s dual strength as both a politically vibrant and economically attractive...

💎 The Casablanca Stock Exchange has announced its annual revision of the MASI20 index, the benchmark for Morocco’s most liquid blue-chip...

✅ The Moroccan Capital Market Authority (AMMC) has published the list of authorizations and visas granted to collective investment...

After five consecutive sessions of decline, the MASI reversed losses, rebounding intraday from a low of 18,404 (-3%) to close up 0.23% at...

Morocco’s economy expanded by 5.5% in Q2 2025, up from 3% a year earlier, supported by strong domestic demand, easing inflation, and...

TGCC reported consolidated revenues of MAD 5.6bn in H1 2025, up 43.6% YoY, driven largely by the acquisition of 60% of STAM VIAS, which...

🚀 Standard & Poor’s has upgraded Morocco’s sovereign rating to BBB-/A-3, restoring its coveted Investment Grade status. This marks a...