Corruption costs Morocco about $5.09 billion (50 billion dirhams) each year, making up between 3.5% and 6% of the country's GDP, according to Mohamed Bachir Rachdi, head of the National Authority for Integrity, Prevention, and Fight Against Corruption (INPPLC). He shared this alarming figure during a conference held on October 8, 2024.
According to local media, Rachdi revealed that 23% of Moroccan businesses fell victim to corruption last year. The issue mainly impacts processes like licensing, permits, public procurement, and hiring in key sectors vital to economic growth.
Moroccan authorities have implemented judicial measures to tackle this issue, including setting up a direct hotline to report corruption cases. This initiative has already led to the arrest of 243 people caught in the act and the filing of 716 financial crime cases in court. However, Rachdi emphasized that these efforts are not enough to curb the widespread problem.
Despite significant reforms, Morocco has struggled to improve its Corruption Perceptions Index (CPI) ranking. In 2023, the country scored 38 out of 100, dropping from 73rd place in 2018 to 97th out of 180 countries.
Rachdi called for better coordination between national institutions, increased budget transparency, and the inclusion of specific anti-corruption measures in the budgets of various departments. He believes these reforms are crucial to Morocco's development and to restoring public and investor confidence in the country's institutions.
The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...
Gabon names Thierry Minko economy and finance minister in Jan. 1 reshuffle Move follows tra...
Togo passes new law tightening anti-money laundering and terrorism financing rules Legislat...
Ethiopia agreed in principle with investors holding over 45% of its $1 billion eurobond due 2...
Heirs Energies acquires M&P’s 20% Seplat stake for $496M, exiting french group Maurel & Pro...
Rwanda ranks first in Africa in the World Bank’s Business Ready 2025 with a score of 67.94. Benin and Senegal enter Africa’s Top 10 for the first time...
Acumen closed a $250 million blended-finance raise for off-grid electricity in sub-Saharan Africa. The H2R Amplify debt fund reached $180...
Ivory Coast expects a new government after the prime minister and cabinet resigned following December 27 legislative elections. The ruling RHDP won...
West African Resources produced 205,228 ounces of gold at Sanbrado in 2025, within its guidance range. Total Burkina Faso output from Sanbrado and...
The Sundance Institute selected three African films from more than 16,000 submissions across 164 countries. The 2026 festival will run from January 22...
Organizers opened submissions for the sixth Annaba Mediterranean Film Festival from Jan. 8 to Feb. 28, 2026. The festival accepts feature films, short...