Africa · 29 July, 2026 · 2 min read
King Mohammed VI Urges Morocco’s Financial Sector To Expand SME Financing And Accelerate Transformation
King calls on financial sector to expand SME financing and accelerate economic transformation. Broader access to banking and non-banking financing supports SMEs.
How the speech’s political purpose is positioned around elections.
10 of 11 outlets skipped it: green hydrogen 'Morocco’s offer' licensing first projects.
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Maroc Hebdo
“a few months before the legislative elections, Mohammed VI has not announced major new reforms.”Read the original ↗
laquotidienne.ma
“This choice is far from inconsequential. Morocco is entering a pivotal period.”Read the original ↗
Most outlets frame the speech as continuity; Maroc Hebdo says no major new reforms
Throne Day economic agenda
King Mohammed VI used a Throne Day address to urge Morocco’s financial sector to “accompany” enterprises and accelerate economic transformation by expanding access to banking and non-banking financing for small and medium-sized enterprises, while supporting innovation, manufacturing, and exports.
“unprecedented financing resources”
In the same address, the king said the path of economic and social transformation requires “unprecedented financing resources,” and he urged that most of them be mobilized through domestic financing, including institutional savings.
The speech cited growth approaching 4.9 percent in 2025, with expectations to reach or surpass that rate in 2026, and it linked the outlook to a good agricultural season and substantial rainfall that strengthened water and food security.
It also reviewed industrial capacity and exports, saying Morocco has become Africa’s leading car exporter with an annual production capacity approaching one million vehicles, and that automotive and electric battery-related industries now account for more than 40 percent of total national exports.
The address framed stability as a development prerequisite, describing political and institutional stability as a “rare currency” and “strategic capital” for Morocco’s ascent.
Stability, sovereignty, and elections
In coverage of the Throne Day message, King Mohammed VI emphasized that “stability is the foundation of Morocco’s ascent,” presenting it as a political, institutional, and developmental factor rather than only the absence of disruptions or security crises.
The king also said that the economic and social gains “transcend governmental and parliamentary time,” describing them as the result of successive years of positive accumulations tied to major choices.
With legislative elections scheduled for September 23, the address looked ahead to “the upcoming legislative elections and the formation of a new government,” and it said Morocco would launch a new phase in its development path.
The speech connected the next political cycle to continuity, saying the motto would be “safeguarding gains and to continue major projects and reforms,” and it urged confidence and optimism over despair and frustration.
It further called on the domestic financial sector to broaden access to financing for SMEs and to “revitalize” financial markets to accelerate development momentum.
Industrial targets and social protection
The Throne Day address highlighted industrial and energy projects as levers of economic sovereignty, including engine manufacturing and aircraft landing systems, electric battery production, renewable energies, and green hydrogen.
“Morocco hosted around 20 million tourists in 2025”
It said Morocco would begin implementing “Morocco’s plan in the field of green hydrogen” by licensing the first group of major projects, and it tied the energy agenda to strengthening energy security and industrial investment.
On food and health-related production, the king said the food and pharmaceutical industries now cover around 80 percent of national needs, and he linked that to strategic self-sufficiency.
The speech also stressed social and territorial priorities, calling for the continuation of the generalization of social protection and the implementation of integrated territorial development programs across all regions and provinces without exception.
In the same address, King Mohammed VI urged the financial sector to support investment and major projects while facilitating access to financing—banking and non-banking—destined for small and medium-sized enterprises, innovation, industrialization, and exports.