First Independent Mena Newspaper
Global spending on energy is expected to reach $3.3 trillion in 2025, marking an all-time high, according to the World Energy Investment 2025 report released earlier this week by the International Energy Agency (IEA). This figure represents a 10% rise compared to 2024. Out of this total, around $2.2 trillion, or 67%, will go toward […]
The Africa Finance Corporation (AFC) has called on African governments to tap into over $4 trillion in untapped domestic capital to bridge the continent’s widening infrastructure gap. In its 2025 State of Africa’s Infrastructure report, the AFC emphasized that pension funds, sovereign wealth funds, commercial banks, and reserves collectively hold the capital needed to transform […]
Cameroon has been named the world’s most neglected displacement crisis, according to the Norwegian Refugee Council’s annual ranking, which evaluates crises based on lack of funding, media coverage, and political engagement. Surpassing Burkina Faso, which held the top spot for two years, Cameroon now leads a list that includes eight African nations. More than 3.4 […]
The United Kingdom is intensifying its defense partnerships with Kenya, Somalia, and Nigeria as part of a renewed strategic focus on African security outlined in its newly released Strategic Defence Review (SDR). The review, adopted by Prime Minister Keir Starmer’s government, identifies the three nations as critical allies in combating global threats and securing vital […]
Morocco’s domestic demand jumped 5.8% in 2024, accelerating from 4.9% in 2023, contributing 6.3 percentage points to GDP growth compared to 5.4 points the previous year, according to provisional national accounts data from the High Commission for Planning (HCP). Household consumption expenditures, including non-profit institutions serving households, increased 3.4%, contributing 2.1 percentage points to economic […]
On the occasion of Eid Al Adha, celebrated Saturday June 7 in Morocco, King Mohammed VI granted pardon to 1526 people, sentenced by the different Moroccan courts, the Justice Ministry said in a statement. The Ministry of Justice unveiled the list of the beneficiaries of the royal pardon, who are either detained or serving a […]
In a bold financial maneuver, Libya’s eastern-based authorities have fast-tracked the approval of a $12.7 billion infrastructure budget—framed as a national development drive, but widely viewed by analysts as a calculated step to consolidate control over oil revenue streams. Overseen by Belgassim Haftar, son of military strongman Khalifa Haftar, the Development and Reconstruction Fund is […]
Egyptian engineering firm Petrojet has secured a $21.76 million contract to develop a liquefied petroleum gas (LPG) facility in Jordan, marking a significant step in its regional expansion strategy. This project aligns with Petrojet’s broader objective to enhance its presence in the Middle East, particularly in energy infrastructure development. The company has been actively pursuing […]
The Algerian military regime has created an underground group composed of foreign mercenaries tasked with carrying covert operations aimed at destabilizing Sahel countries, said “Sahel Intelligence” news outlet citing Algerian Gendarmerie sources. Code-named “KL-7”, the secret paramilitary force is believed to have conducted subversive missions in Algeria’s southern neighboring countries in coordination with terrorist groups […]
The Moroccan economy is expected to remain solid in 2025 and 2026, as weather conditions alleviate the drought that severely affected the agricultural sector in 2023 and 2024, according to the forecast of the Organisation for Economic Co-operation and Development (OECD). The country’s GDP is projected to reach 3.8% in both 2025 and 2026, driven […]