First Independent Mena Newspaper
Barrick Gold, the second largest gold mining company globally, said it mulls stopping production at its mine in Mali if the ban on shipments was not lifted. The company made the threat in reaction to measures by Bamako authorities to renegotiate the permit in order to have a bigger share of operations in the gold […]
Morocco’s leading port operator, Marsa Maroc, plans to invest in the capital of Djibouti’s Damerjog Oil FZE, which is funding an east African oil and gas terminal and pipelines. Marsa Maroc has created a subsidiary dubbed Marsa Maroc International Logistics to oversee its African expansion. The new company will run the Djibouti investment through its […]
Start-ups in Africa cumulatively raised $2.2 billion in equity, debt, and grants (excluding exits) in 2024, and though it is a significant figure in absolute terms, it represents a 25% drop compared to the $2.9 billion that were raised on the continent in 2023, ‘Africa: The Big Deal’ has revealed. According to the funding report […]
China Eastern Airlines Group will launch, via its subsidiary Shanghai Airlines, an air route between Shanghai and Casablanca starting January 19, Chinese media report. The long-haul flight, to operate three times a week (Tuesday, Friday and Sunday), will link Shanghai-Pudong international Airport to Casablanca’s Mohammed V Airport, with a layover in Marseilles. Flights from Shanghai […]
Moroccan banks were busy treating requests by cash holders and owners of undeclared assets in exchange for a preferential tax of 5% only, in an operation that ended on December 31 with the injection of 100 billion dirhams or 10 billion dollars in the Moroccan banking system. At least 5 billion dirhams went to the […]
The Libyan Export Development Center announced on Wednesday January 1 that Libya secured three prizes in the Al-Ahram International Olive Oil Competition for 2025. A total of 193 olive oil samples from 20 countries participated in the competition. According to the Center’s Facebook post, companies registered in the exporters’ registry won gold and silver medals. […]
Starting in early 2025, Ghana will allow citizens from every African country to enter without a visa, following a recent authorization by President Nana Akufo-Addo. The president first pledged this policy at the Africa Prosperity Dialogues, framing it as a means to forge stronger continental ties and boost tourism, trade, and travel. Historically, Ghana permitted […]
Moroccan expatriates’ remittances reached 108.67 billion dirhams through November 2024, showing a 2.8% annual increase, according to the latest foreign exchange statistics. The Office des Changes reports that remittances growth maintains its upward trajectory, marking a substantial 77% increase compared to November 2020 levels of 61.25 billion dirhams. The previous year closed at 115 billion […]
Libya is interested in opening a direct air route and a maritime link with Morocco to boost economic ties, its transport minister Salem Al Shahboubi said. Sahboubi made the remarks during a meeting with his Moroccan counterpart Abdessamad Kayouh on the sidelines of the 29th General Assembly of the Arab Civil Aviation Organization (ACAO) held […]
Morocco’s tourism sector is growing at a steady pace breaking all records. Already in the first ten months this year, the number of tourists visiting the country surpassed last year’s level which was a record. In the eleven months this year, Morocco reached a new milestone in terms of revenue. Tourism revenue grew 7.2% to […]