First Independent Mena Newspaper
Morocco’s King Mohammed VI has appointed Zouhair Chourfi to undertake the expansion of Moroccan electricity regulator ANRE to incorporate all fields of energy. The goal is to transform ANRE into a national energy regulator that will cover natural gas, renewable energy, and hydrogen. The new institution will be designed to serve as an independent regulator […]
Attijariwafa Bank has conducted an early buyback of $290 million of Gabon’s external debt, in a transaction that will ease the debt burden in the country and foster its financial stability. The operation represents 50% of Gabon’s Eurobond. It was made by l’Union Gabonaise de Banque (UGB), the local subsidiary of Attijariwafa Bank. The operation […]
Libya’s National Oil Corporation (NOC) announced this December that it has transferred over $14.8 billion in oil revenues to the Central Bank of Libya since the beginning of 2024. This substantial amount was sent through 23 separate transactions, highlighting the vital role of oil in sustaining Libya’s economy. According to the NOC’s statement, the precise […]
The Tunisian General Consulate in Benghazi officially reopened its doors on December 4, marking a significant milestone in Libya-Tunisia relations after more than a decade of closure. This announcement was made by the eastern-based Libyan Foreign Ministry, which hailed the reopening as a reflection of Benghazi’s growing stability and security. The decision to restore diplomatic […]
Several sections of the African National Congress (ANC), the ruling party in South Africa, have called for strengthening bilateral relations with Morocco, for recognizing the Kingdom’s invaluable support for the fight against apartheid. They also urged South Africa to refrain from supporting parties advocating military action, alluding to the Algeria-backed polisario and its military plans, […]
Cooperation prospects between Morocco and the European Bank for Reconstruction and Development (EBRD) were discussed at a meeting in Rabat Thursday that gathered Head of Government Aziz Akhannouch and EBRD President Odile Renaud-Basso. The meeting, attended by Minister of Economy and Finance Nadia Fettah, also discussed the major development projects initiated by Morocco. The EBRD […]
President Joe Biden wrapped up an African visit during which he promised US investments to counter a growing Chinese influence, while focusing on the Lobito corridor that will ease the transport of critical minerals to the US market. The corridor has been at the heart of the US African strategy due to its potential in […]
The 15th session of the Arab Ministerial Council for Electricity held in Cairo highlighted by the formal launch of the Arab Common Electricity Market. The event was attended by electricity ministers and representatives from various Arab nations. Assistant Secretary-General for the Economic Sector, Ali Al-Maliki, delivering remarks on behalf of the Arab League, hailed the […]
Niger’s military administration has seized control of uranium mining operations previously managed by French nuclear firm Orano, marking a pivotal shift in resource management following the July military takeover. This development represents a significant escalation in deteriorating relations between Niger and its former colonial power, as military authorities implement comprehensive changes to foreign resource extraction […]
Morocco’s House of Councillors and several Latin American and Caribbean regional parliaments announced on Wednesday the signing in Panama-city of a joint declaration on establishing the Morocco-Latin America-Caribbean Economic Forum. This forum aims to strengthen strategic relations between the parties and to set up a formal and permanent institutional framework for inter-regional parliamentary dialogue, with […]