Latest financial market news
| MOROCCO | CMGP GROUP | Consolidated revenue almost stable in H1 2025
In the second quarter of 2025, CMGP Group reported consolidated revenues of MAD 579 million, showing near stability with a slight increase of 0.3% compared to the same quarter of 2024. Over the first half of 2025, the Group’s revenues reached MAD 1,120 million, almost unchanged from MAD 1,117 million recorded during the same period last year.
Economic news
| MOROCCO | PUBLIC FINANCES | Figures at the end of July 2025
As of the end of July 2025, Morocco’s public finances recorded a significant improvement in revenues. Treasury ordinary revenues grew by 14.5%, reaching MAD 226.8 billion. This performance was driven by a 15.9% rise in tax revenues, which stood at MAD 201.8 billion, alongside a 4.2% increase in non-tax revenues to MAD 22.3 billion.
On the expenditure side, total spending reached MAD 281.7 billion, up 18.2% compared to the same period last year. This increase reflects a 13.3% rise in ordinary expenditures to MAD 213.9 billion and a 6.2% growth in capital expenditure, which amounted to MAD 60.8 billion. Meanwhile, subsidy-related expenses dropped sharply by 27.5%, standing at MAD 11.9 billion.
| NIGER | INFLATION | An inflation rate of -9.1% in July 2025
According to the National Institute of Statistics of Niger (INS), the Harmonized Consumer Price Index rose slightly by 0.2% in July 2025 compared to the previous month. However, on an annual basis, the inflation rate remained deeply negative at -9.1%.
