First Independent Mena Newspaper
This year, Africa is poised for modest economic growth, with recovery driven by the continent’s major economies, says a new UN report, with the AfDB projecting an annual growth rate of 4.3%, up from 3.7% last year. Nigeria, Egypt, and South Africa are expected to spur economic growth on the continent in 2025, according to […]
A landmark underwater rail tunnel project connecting two continents has entered a crucial new phase as engineering feasibility studies commence, marking a historic step in Mediterranean infrastructure development. The ambitious infrastructure project, which will link Morocco and Spain through the Strait of Gibraltar, has selected a world-leading tunneling technology firm, Herrenknecht Iberica, to conduct the […]
Morocco plans a gas power plant near Al Wahda dam with a total capacity of 990 megawatts and for a cost of 415 million dollars. State-owned water and electricity utility will offer 20% of the funding while the rest will come from securitization and bank loans, Le Matin daily reported, citing an official financial document. […]
Morocco’s production of tomatoes grew by 17% between 2014 and 2023, the UN’s Food and Agriculture Organization (FAO) said. Production increased from 1.23 million tons a decade earlier to 1.44 in 2023, it said, noting a drop in some main markets. The EU expects Morocco to remain its main tomato supplier until 2035, due to […]
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 […]