First Independent Mena Newspaper
The Egyptian Government has secured an €8 million agreement with the European Union (EU) through the EU Tigara program to enhance trade, industry, and market access. According to the Ministry of Planning and International Cooperation, the initiative aims to strengthen Egypt’s enterprise growth and trade mechanisms, while boosting the involvement of small and medium-sized Egyptian […]
In a significant shift from decades-long practice, Ghana’s cocoa regulator, Cocobod, has announced it won’t be seeking its usual syndicated loan for the upcoming 2024/25 cocoa season. This marks the first time in over 30 years that the world’s second-largest cocoa producer has opted for self-financing. The decision, revealed by Cocobod’s Chief Executive Joseph Boahen […]
Malawi, grappling with a severe El Niño-induced drought, has received a much-needed financial boost. An insurance payout of $11.2 million has been disbursed to the southern African nation, offering a glimmer of hope in the face of a dire food crisis. This payout comes at a critical time for Malawi, one of the world’s poorest […]
Kenya’s law enforcement is facing intense scrutiny following the escape of a high-profile suspect and 12 others from police custody. Collins Jumaisi Khalusha, alleged to have confessed to the murders of 42 women, including his wife, managed to flee along with a group of Eritrean nationals detained for illegal entry in the country. The escape, […]
Morocco is commemorating this Tuesday August 20 the 71st anniversary of Revolution of the King and the People, an epic in the history of Morocco and a decisive step towards the recovery of the Kingdom’s independence. This historic event serves, if need be, as a reminder of the Moroccan people’s unwavering determination to defend their […]
The Moroccan national team has secured first place in the 31st African Mathematical Olympiad, held at the University of the Witwatersrand in Johannesburg August 10 to 20. According to a statement by the Ministry of National Education, the Moroccan team scored a record-breaking 201 points, surpassing the previous highest score in the history of the […]
Libya’s central bank has resumed normal operation after it was forced to suspend activities due to a kidnapping of one of its senior officials. Head of the bank’s information technology department, Musaab Muslamm was abducted on Sunday by an “unidentified party,” in Tripoli, while other bank employees received threats of similar kidnappings. The Bank resumed […]
South Africa’s official unemployment rate rose to 33.5% in the first half this year as the economic outlook worsens. The country, once Africa’s largest economy, has failed to curb inequalities amid widespread criminality and infrastructure bottlenecks. Unemployment in South Africa is now one of the highest globally and has exceeded Covid-19 levels, when a lockdown […]
European health authorities have advised EU countries to issue travel warnings for regions in Africa witnessing an outbreak of the fast-spreading mpox virus and advised people traveling to these areas to get vaccinated. Following the detection of a new mpox variant in Sweden, the first case of this strain outside Africa, the European Centre for […]
In 2023, banking intermediation was at the heart of Mauritanian banks’ operations, as they leveraged their deposit-taking and lending activities to support growth. According to the Central Bank of Mauritania’s 2023 annual report, this activity accounted for 65.1% of the banking sector’s total consolidated assets. Customer deposits at the 17 banks operating in the country […]