Morocco’s National Agency for Strategic Management of State Holdings and Monitoring of Public Establishments and Enterprises (ANGSPE) has approved its annual State Shareholder Report for 2024-2025 and finalized its budget for 2026, reinforcing governance, accountability, and strategic oversight of the country’s state-owned enterprises (SOEs).
The decisions were made during ANGSPE’s eighth Board of Directors meeting, chaired by Nadia Fettah, Minister of Economy and Finance, and attended by Director General Abdellatif Zaghnoun and representatives of the state serving as Board members. The session focused on reviewing institutional progress, examining performance, and validating financial planning for the upcoming year.
Annual report highlights progress
A central agenda item was the review and approval of the 2024-2025 State Shareholder Report, which details the management, financial performance, and operational activities of Morocco’s SOEs and public institutions. The report, prepared under the framework of Law n° 82-20 that established ANGSPE, consolidates information on revenues, expenses, profits, operational efficiency, and project execution.
According to the agency, the report reflects tangible progress in modernizing the management of state-owned companies, highlighting reforms that have enhanced governance, accountability, and efficiency. The document will be submitted to King Mohammed VI and made public, ensuring transparency in the stewardship of public resources.
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“The report underscores ANGSPE’s commitment to strengthening strategic oversight, ensuring that state-owned enterprises contribute effectively to national economic objectives,” the agency said.
Budget approval and future planning
The Board also reviewed ANGSPE’s 2025 financial performance and approved its 2026 budget, along with an accompanying action program. The budget provides the agency with the financial resources necessary to implement its planned initiatives, while the action program lays out projects and reforms aimed at improving the operational and financial performance of SOEs and advancing Morocco’s broader public sector reform agenda.
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Board members stressed the importance of linking performance-based oversight to budgetary allocations and strategic initiatives, reinforcing ANGSPE’s role in monitoring state holdings. The program includes measures to strengthen corporate governance, optimize resource management, and enhance accountability across state-owned entities.
Commitment to public sector reform
The eighth Board meeting reflects ANGSPE’s ongoing engagement with the country’s public sector modernization efforts, initiated under King Mohammed VI. The agency’s mandate is to ensure that state-owned companies operate efficiently, transparently, and in alignment with national economic priorities.
By reviewing past achievements and approving the 2026 budget and action program, ANGSPE aims to consolidate gains in governance while addressing areas for operational improvement. The meeting reaffirmed the agency’s commitment to strategic oversight, ensuring that the state’s participation in enterprises is managed responsibly and effectively.
The Board’s approval of both the annual report and the budget highlights Morocco’s continued focus on integrating performance management, accountability, and transparency into the operations of public institutions. Authorities expect that these measures will help optimize the contribution of state-owned enterprises to economic growth, public service delivery, and national development objectives.
ANGSPE said that its work in 2026 will focus on specific initiatives to enhance corporate governance, improve financial outcomes, and implement reforms across the public sector. The agency’s strengthened oversight framework is intended to ensure that SOEs operate efficiently while aligning their strategic objectives with Morocco’s broader economic and social priorities.
