First Independent Mena Newspaper
Nearly 60% of African countries remain dependent on exports of commodities despite decades-long efforts to diversify. Therefore, a shift especially to technology and financial services, among other sectors, could help them withstand economic shocks, a study recently published by the United Nations Conference on Trade and Development (UNCTAD) argues. UNCTAD’s Economic Development in Africa Report […]
The rising price of basic foods is worsening South Africa’s food security crisis which could increase social instability and spark a repeat of the devastating July 2021 unrest that spiraled out of control. Meanwhile, in Uganda, people in the eastern city of Jinja have taken to the streets protesting the rapidly rising cost of living. […]
Following a visit to Egypt and the Republic of Congo, Russian Foreign Minister Sergey Lavrov has now (26 July) arrived in Uganda as Moscow aims at strengthening its ties with the continent. Uganda’s President Yoweri Museveni has a long history of balancing strong relations with Western allies and good ties with Moscow. Lavrov has earlier […]
Tunisia’s independent electoral commission, ISIE, Monday indicated that the turnout for the referendum held the same day on the new constitution, stood at 27.5 per cent. The body’s head Farouk Bouasker, Business News reports, also indicated that only 2,458,985 of 8,929,665 who registered for the referendum casted their votes on the territory. The turnout rate […]
Libya’s envoy to the UN, Taher El-Sonni, has blamed several unidentified international forces for plotting against elections in North African country adding that the stability of the country is not their concern. “There are certain international forces who fear the idea of elections in Libya because their results are not guaranteed, which may not serve […]
Bahrain has officially joined the integrated industrial partnership alongside Egypt, UAE, and Jordan, Egypt’s Ministry of Trade and Industry said in a statement on Thursday. The announcement came during the second higher Committee meeting of the integrated industrial partnership, in the Egyptian capital Cairo. Egyptian Minister of Trade and Industry Nevine Gamea who chaired the […]
The Central Bank is preparing a law governing the use of cryptocurrencies in Morocco, which is expected to be submitted to Parliament by year’s end, a senior official said. The central bank is benchmarking and examining similar laws elsewhere, Hiba Zahoui director of Bank supervision said at a press conference. She declined to give details […]
Morocco and the World Bank have signed a $500 million financing agreement, representing the first tranche of a loan destined to strengthen human capital for a resilient Morocco. The financing aims to improve protection against health risks, loss of human capital as well as to improve climate risk management and resilience to catastrophic events. The […]
The African Union’s Peace and Security Council (PSC) encourages the African Atlantic Process initiated in Rabat to consolidate an African framework for cooperation on maritime security and safety. The AUPSC “encourages the African Atlantic Process in Rabat, within the framework of existing regional, sub-regional and inter-regional mechanisms, to contribute to the consolidation of an inter-African […]
Russia’s Foreign Minister Sergey Lavrov Sunday said Russian grain exporters are committed to their obligations regarding international wheat orders. Russia’s top diplomat was in Cairo Sunday to meet with Egyptian authorities and the Arab League. Lavrov during a joint press conference with his Egyptian counterpart Sameh Shoukry said that his country took many steps to […]