First Independent Mena Newspaper
As many African countries are struggling to service their debts, a new World Bank report warns that interest payments on long-term debt in sub-Saharan Africa surged nearly seven-fold to $26 billion between 2010 and 2023. The sharp increase came as the region’s foreign borrowing doubled to $864 billion within the same period. Africa’s worsening debt […]
The Guinean Government has taken control of the telecommunications operator Areeba Guinea, previously owned by the South African group MTN. This move asserts Guinea’s sovereignty over its telecommunications sector, but the real challenge will be revitalising an operator that has fallen behind in modernizing its infrastructure. MTN Guinea had a 21% market share in the […]
Morocco and Mauritania have made a first step towards an electric interconnection between the two countries under the preliminary agreement they signed on Thursday in Rabat. The deal was signed by Moroccan energy minister Leila Benali in Rabat and her Mauritanian counterpart Mohamed Ould Khaled. Under the same agreement, the two parties shall cooperate to […]
Foreign mining companies in the Sahel region are currently experiencing a nightmare scenario, as military-led governments in Mali, Burkina Faso, and Niger are seeking to reclaim control over the mining of gold and other valuable resources. With gold mining accounting for over 90% of Mali’s exports, highlighting its critical economic role, the junta-led government aims […]
Morocco and Mauritania are poised to expand their cooperation in the fields of electricity and renewable energy and to explore the establishment of an electric interconnection between the two countries under a memorandum of understanding signed in Rabat on Thursday. The MoU also provides for intensifying the exchange of expertise in electrical safety, implementing projects […]
Morocco plans to complete a 115,000-seat stadium in Benslimane near Casablanca in 2027, three years ahead of the World Cup it will co-host together with Spain and Portugal, chairman of the World Cup organizing committee Fouzi Lekjaa said on Wednesday. The stadium is expected to be the largest in the world and would cost up […]
The Tanger Med port complex has processed 10,241,392 containers in 2024, representing a growth of 18.8% increase compared to 2023 throughput tally. This performance reflects the trust of international shipping operators in the service provided by the Moroccan port which was reinforced with modern facilities and new equipment reducing the ships waiting and maneuvering times, […]
Morocco is preparing a training scheme for 40,000 volunteers, mostly university students, to ensure a better organization of the World Cup, chairman of the World Cup organizing committee Fouzi Lekjaa said. The global event, to last seven weeks, would create at least 100,000 jobs in the Moroccan economy and attract at least 10 million visitors […]
Morocco is planning to invest an additional 10 billion dollars (96 billion dirhams) to expand and develop its railway network, transport minister Abdesamad Kayouh said. At least, 5.3 billion dollars will be spent on the high-speed rail link between Kenitra and Marrakech as well as on the development of regional trains, the minister told MPs. […]
Cooperation between Morocco and Spain in circular migration, combining economic development, women’s empowerment, and the strengthening of bilateral ties, is an example to follow, Spanish Minister of Inclusion, Social Security and Migration, Elma Saiz, stated. “Cooperation with Morocco, a partner and friendly country, is based on innovative migration policies such as circular migration, as well […]