Financial and economic news of December 31

Latest financial news

| MOROCCO | CMGP GROUP | A press release

In a press release, CMGP Group announced that it has won the public tender for the construction of the water distribution network as part of the major hydro-agricultural development project for the Saïss Plain, located in the Fes-Meknes region.

With a total amount of MAD 345.5 Mn, the contract covers the construction and development of a modern network aimed at sustainably securing irrigation across the plain while reducing pressure on groundwater resources. It should be noted that this project will also contribute to strengthening the resilience of farms and improving yields through controlled and reliable irrigation.

Economic news

| MOROCCO | GDP | A growth rate of 4.0% in Q3 2025

According to HCP, the growth rate of the Moroccan economy stood at 4.0% in Q3 2025 compared to 5.0% a year earlier. This results from the increase of 3.8% in non-crop activities and 4.4% in crop activities.

| MOROCCO | BANK LOANS | An increase of 6% at the end of November 2025

At the end of November 2025, bank loans reached MAD 1,191.8 Bn, up 0.3% compared to the previous month and 6.2% y-o-y. In more detail, mortgages loans (MAD 319.7 Bn), equipment loans (MAD 278.1 Bn) and consumer loans (MAD 61.4 Bn) show respective increases of 3.0%, 23.0% and 4.7%. Meanwhile, treasury loans declined by 0.2% to MAD 253.7 Bn. Finally, non profitable loans reached MAD 103.8 Bn, up 5.8%.

| SENEGAL | GDP | A growth rate of 0.8% in Q3 2025

According to the National Agency for Statistics and Demography (ANSD), Senegal’s GDP displayed a growth rate of 0.8% in the third quarter of 2025. This results from the growth observed in the secondary (+3.0%) and primary (+0.1%) while the tertiary sector shows a decline of -0.1%.