First Independent Mena Newspaper
Africa is poised to play a leading role in energy transition as it continues to attract prime investors thanks to its large deposits of critical minerals, African Development Bank chief Akinwumi Adesina said. Speaking at the opening of the African Investment Forum in Rabat, Adesina said Africa holds 95% of chromium, 90% of Platinum Group […]
Saham Group said it has completed the acquisition of the Moroccan subsidiary of French Société Générale SGMB and its insurance business, La Marocaine Vie. Moulay Hafid Alamy has been appointed president of SSGMB following the sale. Earlier this year, Société Générale announced the sale of its majority shares at 57% of SGMB to Saham. The […]
A transformative moment in Namibian politics unfolded as Vice President Netumbo Nandi-Ndaitwah secured the presidency with 57 percent of the vote, becoming the nation’s first female leader. The ruling SWAPO party maintained its parliamentary majority, though by the narrowest margin in its 34-year governance, securing 51 seats in a close contest that reflects shifting political […]
The African Energy website reported Monday, December 2 that Libya is seeking to recover over $60 billion in assets secretly invested in U.S. Treasury bonds during Muammar Gaddafi’s regime. The funds, previously unknown, were reportedly funneled through complex networks starting in the 1990s, bypassing strict international sanctions. A delegation led by Mohammed Mansli, Director General […]
Since his arrest on November 16 in Algiers, French-Algerian writer Boualem Sansal has been behind bars without a trial. His arrest came after an interview with a French media in which he said historical facts about the artificial borders of the post-colonial Algerian state. In a country where demonizing Morocco is the currency of the […]
Shanghai Auto Parts said it plans to set up a production plant in Morocco, which boasts an expanding automotive sector that is adapting to the needs of the electric vehicle industry. The plant would cost some 130 million dollars or 1.3 billion dirhams, the company said in a statement. The plant, to be called Shanghai […]
Morocco’s Minister of Foreign Affairs, Nasser Bourita, deemed the ceasefire in Lebanon as a “positive development” that must be respected and enshrined to preserve the country’s unity and territorial security. The announcement of the ceasefire in Lebanon is “a positive development, but it must be respected and enshrined to create the conditions necessary to preserve […]
The Marrakech International Film Festival has secured its place among the world’s premier cinematic events, American director and actor Sean Penn said on Tuesday in Marrakech. Sean Penn who is attending the ongoing 21st edition of the festival praised at a news conference the perfect organization of this global event as well as its impressive […]
President of Djibouti, Ismaïl Omar Guelleh, has sent a written message to King Mohammed VI. The message was handed over by Djibouti’s Foreign Minister, Mahamoud Ali Youssouf, to his Moroccan peer Nasser Bourita at a meeting in Rabat Tuesday. In a statement to the press following the meeting, Youssouf said that Djibouti and Morocco are […]
Italy’s Ecoprogetti Company, a leader in solar panels manufacturing, has increased the production capacity of its plant in Morocco from 500 MW to 1 GW, strengthening the country’s transition to a green economy. The plant, located in the city of Al Hoceima, is operated by Almaden Morocco. It is the largest solar module manufacturing site […]