Agadir – The National Agency for Strategic Management of State Holdings and Monitoring of Public Establishments and Enterprises (ANGSPE) held its eighth Board of Directors meeting this week in Rabat, focusing on reinforcing governance mechanisms, reviewing performance, and validating financial planning for 2026.
The meeting was under the chairmanship of Nadia FETTAH, Minister of Economy and Finance, and in the presence of Mr. Abdellatif Zaghnoun, Director General of ANGSPE and representatives of the State serving as Board members.
It started with the review of the progress made on the projects outlined in the ANGSPE roadmap. The report summarizes reforms the agency has implemented during the year. The achievements are part of the implementation of the public sector reform initiated by King Mohammed VI, with the aim of improving governance, efficiency, and accountability in state-owned institutions.
ANGSPE is tasked with overseeing state holdings, ensuring the implementation of reforms. By reviewing progress, the Board checks ANGSPE fulfillment of its mandate and actively contributes to modernizing governance in public institutions and enterprises.
Approval of the annual report
The centerpiece of the meeting was the examination and approval of the report on the State as Shareholder 2024-2025. The report is a formal document that shows how Morocco’s state-owned enterprises (SOEs) and public institutions are being managed. In accordance with Law n° 82-20, which established ANGSPE, this institutional report will be submitted to the King and made public
The report shows real progress in reforms to modernize the management of state-owned companies. It also consolidates information regarding performing financially including profits, revenues, expenses and operationally, reviewing projects completed, services delivered, efficiency improvements.
The report ensures accountability, showing that the public resources are being managed responsibly, and supports strategic oversight, ensuring that the state can guide companies toward national economic goals.
Budget review and future planning
The Council also reviewed the ANGSPE’s budgetary achievements for the 2025 financial year and approved the agency’s draft budget for 2026 and the related action program.
The ANGSPE Board of Directors examined the past performance, the Board ensured accountability and identified areas where management could be improved, reinforcing the agency’s role in overseeing Morocco’s state-owned enterprises and public institutions.
The Board approved the 2026 budget and the corresponding action program, giving ANGSPE both the financial resources and a clear roadmap for the coming year.
The action program outlines specific initiatives, projects, and reforms designed to strengthen governance, improve the operational and financial performance of state-owned companies, and advance Morocco’s ongoing public sector reform.
The holding of this eighth Board meeting demonstrates ANGSPE’s continued engagement with the implementation of Morocco’s public sector reform. The ensuing decisions highlight efforts to strengthen governance practices, manage the state’s participations strategically and responsibly, and integrate performance-based oversight into the agency’s operational framework.
