First Independent Mena Newspaper
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 […]
In the nearly 19-month conflict between Sudan’s paramilitary Rapid Support Forces (RSF) and the regular Army, the RSF has escalated its attacks using newly deployed drones. Sudanese officials claim these “strategic drones” signify “direct and clear” interference by the United Arab Emirates (UAE) and neighboring Chad, marking an unprecedented escalation in the war that began […]
Morocco’s Court of Accounts has been elected Chair of the General Secretariat of the African Organization of Supreme Audit Institutions (AFROSAI) during the General Assembly of this regional organization convening in Tripoli (Libya) Dec.2-6. Morocco is taking part in this African gathering with a large delegation led by Mrs. Zineb EL Adaoui, President of “La […]
As many as 18 million Ghanaians are expected to cast their vote on 7 December to elect the country’s new president with concerns about inflation, unemployment and debt high on their priority list. Despite a tight race for the presidency, which will be contested between vice president Mahamudu Bawumia and former president John Mahama, analysts […]
Morocco’s OCP group plans to issue an ordinary bond to raise 5 billion dirhams or 500 million dollars as it seeks funding for its ambitious green energy and desalination projects, financial markets regulator AMMC said. OCP, a market mover in phosphates and fertilizers production, plans to go green by 2040 as it forges ahead to […]
US president Joe Biden, on his visit to Angola to promote the $550 million US-backed Lobito Corridor railway project, has pledged another $600 million for a cross-continent rail corridor, telling regional leaders that “Africa has been left behind for much too long. But not anymore. Africa is the future.” Biden used the third and final […]
Morocco will host the headquarters of the Permanent secretariat of the Union of African Economic and Social Councils and Similar Institutions (UCESA). The headquarters agreement for the establishment of the UCESA Permanent Secretariat in Morocco was signed Wednesday in Rabat by Foreign Minister Nasser Bourita and President of the UCESA Ahmed Reda Chami. This agreement […]
The stalled South Sudan peace talks have recommenced in Kenya following a four-month interruption marked by significant diplomatic disruptions. Known as Tumaini, meaning hope, these negotiations represent renewed efforts to address unresolved conflicts beyond the 2018 peace agreement that ended the nation’s devastating five-year civil war, which claimed over 400,000 lives. President Salva Kiir’s unexpected […]
On December 3, the Central Bank of Egypt (CBE) announced that Kuwait has agreed to extend a $2 billion deposit for an additional year. Originally set to mature in April 2024, the deposit will now mature in April 2025, according to the CBE’s latest external position report. This decision provides Egypt with crucial financial breathing […]
Egypt’s external debt reached a record $168.1 billion in 2023, a 2.9% rise from the previous year and the highest level since 2012, according to the World Bank’s International Debt Report (IDR) released on December 3. However, the Central Bank of Egypt (CBE) reported a 5% quarterly decline, with external debt falling to $152.88 billion […]