First Independent Mena Newspaper
The African Development Bank (AfDB) has reaffirmed its commitment to fostering regional integration through the development of key infrastructure corridors across the continent. AfDB chief Akinwumi Adesina has recently emphasized the critical role these corridors play in reducing transport costs, improving market access, and stimulating economic growth. During a meeting with Kenya’s Ambassador to Côte […]
Ryanair plans to double its passenger traffic in Morocco to 30 million by 2030, leveraging its growing presence in the North African market ahead of the FIFA World Cup, a company executive said Wednesday. The Irish low-cost carrier is implementing an “ambitious growth strategy” to expand from its current 15 million passengers, said Elena Cabrera, […]
Somali president Hassan Sheikh Mohamud and his Turkish counterpart Recep Tayyip Erdoğan met in Ankara this week to reaffirm their countries’ strategic partnership, focusing on enhanced security cooperation and deepening economic ties. The leaders discussed a range of initiatives aimed at bolstering infrastructure, trade, and humanitarian aid, emphasizing Turkey’s role as a critical partner in […]
OCP’s fertilizer maker subsidiary, Nutricorps, said it plans to increase production capacity by 9 million tons by 2028. To that end, Nutricorps will set up new mining and industrial sites in Mzinda in Youssoufia and Meskala in Essaouira, it said in a statement. These complexes, designed to run exclusively on renewable energies (solar and wind), […]
Maroc Telecom (IAM) and INWI (Wana Corporate) have signed an agreement aimed at accelerating the deployment of fiber optics networks and 5G technology across Morocco. The investment to be injected in the first phase of the project amounts to 4.4 billion MAD over three years, according to a joint press release issued on Thursday. This […]
Morocco has sold 2 billion euros in a dual-tranche bond split into four and ten years, as demand exceeded the offer, Bloomberg and Global Capital reported. Morocco gathered some 7 billion dollars in orders for the bond sale, highlighting the attractivity of the country for global investors. The bond would boost the government’s finances as […]
Morocco has voiced readiness to share its successful experiences with Nigeria’s Ogun State in housing, agriculture, vocational training, electricity production & distribution, manufacturing, infrastructures & ports development. A cooperation agreement has been inked lately in this regard by Governor of Ogun state Dapo Abiodun and Moroccan employers Union, Confédération Générale des Entreprises du Maroc (CGEM). […]
Relations between Mauritania and Morocco “are going through their best era” in recent years, Mauritania’s Minister of Foreign Affairs, Mohamed Salem Ould Merzoug, said on Wednesday in Rabat. Speaking to the media following talks with his Moroccan peer Nasser Bourita, Mauritania’s head of diplomacy said that the important meeting between Mauritanian President Mohamed Ould Cheikh […]
Bad news for the chocolate market that could send already high prices skyrocketing. Côte d’Ivoire plans to slash its exports of cocoa in view of prospects of a bad harvest. Côte d’Ivoire, the world’s second largest producer of the main chocolate ingredient, has experienced heavy rainfall that threatens to compromise crops for the second year […]
The American rating agency Moody’s confirmed, during its periodic review in March, the Ba1 rating assigned to Morocco, with a stable outlook. This decision highlights the Kingdom’s ability to maintain its macroeconomic stability despite ongoing challenges, such as slowed economic growth and increasing public debt, writes the magazine Challenge. In its report, Moody’s emphasizes the […]