First Independent Mena Newspaper
Trade ministers from across Africa will gather on 14 April to discuss the implications of the new 10% tariff imposed by the United States on imports from several African nations. The tariffs, announced by president Donald Trump, are expected to severely impact African exporters, especially those reliant on the African Growth and Opportunity Act (AGOA), […]
U.S. defense manufacturer Lockheed Martin has shown interest in Morocco’s investment opportunities offered in the defense industry which has attracted several companies including India’s Tata Advanced Systems, Turkish Baykar, Bluebird Company… A senior Lockheed Martin delegation led by Brig. Gen. Joseph Rank (Ret.), CEO for Africa & Saudi Arabia, visited lately Rabat and Casablanca to […]
Elon Musk’s March 28 acquisition of X (formerly Twitter) by his AI company xAI raises significant concerns for the platform’s 40 million African users, whose data will now fuel the development of AI systems like Grok without explicit consent or compensation. The transaction places users in Nigeria (10 million), South Africa (8 million), and Morocco […]
The first Morocco–United Arab Emirates Business Council was held on Wednesday in Sharjah, marking a new milestone in the strengthening of economic and trade relations between the two countries, which are bound by a solid friendship and advanced economic cooperation. The meeting reaffirmed the strategic role of this Council as a catalyst for investment and […]
The Andalusian Federation of Travel Agencies (FAAV) has chosen Northern Morocco to host its second annual congress, signaling growing European interest in Morocco’s tourism offerings and strengthening ties between the neighboring kingdoms. The four-day event, held early April in the coastal city of M’diq, brought together Spanish tourism professionals to explore partnership opportunities and discover […]
Moroccan state-owned phosphate OCP Group and Maersk, a global leader in integrated logistics, have agreed to strengthen their long-standing collaboration and jointly advance innovative, resilient, and sustainable supply chain solutions. The alliance opens new chapter in the longstanding partnership between both companies, with a focus on delivering agile, digitalized, and sustainable logistics solutions to support […]
Akdital Group, Morocco’s leading private healthcare provider, has finalized the acquisition of two major medical facilities in Laâyoune-Sakia El Hamra region after receiving approval from the Competition Council. The strategic expansion includes the International Polyclinic of Laâyoune and Al Hikma Medical Center, marking Akdital’s entry into the eleventh region of its nationwide network. This significant […]
Jamaâ El Fna, the historic heart of Marrakech and a UNESCO-recognized cultural treasure, will soon undergo a comprehensive renovation as part of the city’s urban development program. The $10 million-project aims to modernize infrastructure while preserving the square’s authentic character that has drawn visitors for centuries. The renovation, overseen by Al Omrane Marrakech-Safi group on […]
The Central Bank of Libya (CBL) has announced a significant 13.3% devaluation of the Libyan dinar, adjusting the exchange rate to 5.5677 dinars per US dollar, effective from April 6, 2025. This decision marks a shift from the previous rate of 0.1555 to 0.1349 Special Drawing Rights (SDRs) per dinar. The move comes as part […]
The United States has unveiled a sweeping new tariff regime affecting 185 countries, including 51 African nations, with rates ranging from 10% to 50% depending on each country’s existing duties on American imports. Set to take effect April 5-9, these “reciprocal tariffs” represent President Donald Trump’s latest effort to address what he termed in an […]