First Independent Mena Newspaper
Egypt is considering building three new Free Zones, Prime Minister Mostafa Madbouly announced Sunday to Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI). The future Zones, Madbouly’s office indicated in a statement, will be Alexandria, the 10th of Ramadan, and the 6th of October cities. The office also indicated that […]
Morocco’s electricity and water utility ONEE signed a deal to buy from Shell 0.5 billion cubic meters of liquified natural gas (LNG) over 12 years in a push to increase the share of natural gas in its energy mix, Morocco’s ministry of energy transition said. In the first years, the LNG will be supplied via […]
Spain’s Minister of Agriculture, Fisheries and Food, Luis Planas Puchades, stressed on Friday in Cordoba that his country ”supports the European Union and Morocco in concluding a new fisheries protocol for the next four years”. “Spain’s position is very clear”, said Planas in a statement to the Spanish media, describing as “positive and fruitful” the […]
The Moroccan government has released its macroeconomic forecasts for 2024, expecting a growth rate of 3.7% while revising downwards its 2023 growth forecast to 3.4% instead of 4%, due partly to drought and inflation. In a presentation at the Moroccan parliament, minister in charge of the budget Fouzi Lekjaa said the forecast will be taken […]
Senegal and Germany signed Thursday two financial agreements for the production of vaccine in the West African country, Senegalese state-run news agency APS reports. The agreements namely financial cooperation agreement and a financial aid contract, were signed by Oulimata Sarr, Senegal’s Minister of Economy, Planning and Cooperation and Karl von Klitzing, Director Senegal Office of […]
Egyptian President Abdel Fattah al-Sisi held talks on Thursday (13 July) in Cairo with Ethiopian Prime Minister Abiy Ahmed on the Grand Ethiopian Renaissance Dam (GERD) project on the Nile River and both leaders agreed on the urgent need to launch negotiations on the filling and operation of the dam within four months. The talks […]
Mali’s military-led government is in talks with gold miners, aiming to negotiate an increase in its mining stake from 20% to 35%, to ensure a fair share of profits. The government is discussing with gold miners the proposed changes to its mining law that could increase state and private Malian interests in new projects by […]
Over 1,000 participants from the United States and across the African continent, including government officials, private sector executives, investors, and multilateral stakeholders, have gathered for the 15th US-Africa Business Summit held in Botswana’s capital city of Gaborone to explore investment opportunities and strengthen business relationships between both sides. The summit, held under the theme ‘Enhancing […]
After nearly five years in detention in South Africa, former Mozambican Finance Minister Manuel Chang was finally extradited to the US on Wednesday (12 July) where he was arraigned in a court in New York on Thursday (13 July) to face a fraud and corruption trial over a $2 billion scandal involving fraudulent government loans. […]
Morocco and the European Union (EU) have agreed to continue their cooperation as provided for in the Partnership Agreement in the field of sustainable fisheries, which “remains in force”, in order to deepen their bilateral partnership. “Morocco and the European Union have agreed to continue their cooperation as provided for in the Partnership Agreement in […]