First Independent Mena Newspaper
As the volume of trade between Africa and India has multiplied in the past 20 to 30 years and India has become the continent’s third largest trading partner after China and the EU, analysts say that the African Free Trade Area (AfCFTA) offers significant opportunities for New Delhi to help the continent realize its vision […]
Morocco’s budget deficit shrunk to 64.4 billion dirhams ($6.4 bln) in 2024, from 74.9 billion dirhams, as a rise in government revenue continued to offset higher spending, the Moroccan treasury said. The deficit eased to 3.9% last year from 4.4% a year earlier, as the government increases its ordinary revenue and tax receipts, it said. […]
The President of the Parliament of the Economic and Monetary Community of Central Africa (CEMAC), Evariste Ngamana, reiterated the organization’s constant support for Morocco’s sovereignty over its Sahara on Monday in Rabat. This came during talks the visiting CEMAC President held with Speaker of the Upper House, Mohamed Ould Errachid, on Monday in Rabat, the […]
Oil-dependent Libya needs to invest between $3 billion to $4 billion in order to reach a production level of 1.6 million barrels per day, acting oil minister Khalifa Abdulsadek told Reuters. In 2024, Libya was producing 1.4 million barrels per day, according to the National Oil Corporation. Oil represents up to 98% of Libya’s income. […]
The UN Department of Economics and Social Affairs predicts an improvement of overall African growth in 2025 to 3.7% from 3.4$, despite global stagnation. “Economic growth in Africa is projected to strengthen… driven by recovery in the region’s largest economies,” the report says. However, “Central Africa lags behind due to stagnating oil production and political […]
Morocco’s commitment to transforming its food system in order to boost its resilience and consolidate its achievements in matters of food security, its innovative practices and successful experiences in bioeconomy were highlighted in Berlin before 17th Global Forum for Food and Agriculture (GFFA). Minister of Agriculture, Ahmed El Bouari, who represented Morocco at the Forum, […]
Brazil, the BRICS chair, said that Nigeria has been admitted as a partner country in the group. The decision was based on the role of Nigeria in “strengthening cooperation in the Global South and reforming global governance”, Brazil said in a statement. “As the 6th largest population in the world and the 1st on the […]
Liberia and Côte d’Ivoire have reiterated their constant position on Morocco’s territorial integrity and support to its sovereignty over its entire territory, including the Sahara region. The stand was reiterated in separate statements by the Liberian and Ivorian Foreign Ministers Sara Beysolow Nyanti and Léon Kacou Adom following the holding of the Morocco-Liberia and Morocco-Côte […]
2025 will be a critical juncture for Africa’s trajectory, with new political leadership in both the African Union and the United States, which will coincide with a number of challenges, including the urgent need for the implementation of the AfCFTA, modernization and renewal of the AGOA, all of this happening amid the escalating climate crisis […]
Morocco and Cape Verde are finalizing an agreement on military cooperation meant to enhance expertise sharing in the military field and enshrine the solid ties of friendship and mutual respect linking the two countries. The military cooperation agreement which is being finalized was brought up at a meeting in Rabat Friday between Minister in charge […]