First Independent Mena Newspaper
The International Monetary Fund has urged Libyan authorities to prioritize spending through an approved and unified 2025 budget to prevent pro-cyclical expenditure and enhance resource management. The IMF announced on December 10 that Libya’s recovery in oil production has led to an upward revision of the country’s GDP growth forecast for 2025. In its report […]
Apple Pay, Apple’s mobile payment and digital wallet service, has officially launched in Egypt, December 10, marking a major milestone in the nation’s digital payment evolution. Users can now make secure, contactless transactions through Apple devices such as iPhones, Apple Watches, iPads, and Macs. The initial rollout includes partnerships with the National Bank of Egypt, […]
Ghana’s former president, John Dramani Mahama, has reclaimed the nation’s highest office following a decisive electoral victory. With just over 56% of the votes, he outpaced Vice President Mahamudu Bawumia, who conceded defeat and garnered about 41%. Mahama’s return comes amid deep economic hardships and high living costs that left voters eager for change. He […]
The African Development Bank (AfDB) has extended Morocco a €104.7 million loan to boost the water sector in the Kingdom. The funding is destined to speed up the digitalization processes of the National Office for Electricity and Drinkable Water (ONEE), boost drinking water production in several urban areas (Asfalou, Bouhouda and Agourai), and improve the […]
EU High Representative for Foreign Affairs and Security Policy Kaja Kallas affirmed that the EU can “rely on Morocco to strengthen our long-standing relations and address challenges together.” “I know we can count on Morocco to reinforce our long-standing relations and tackle challenges together,” stated Kallas following a phone conversation on Monday with Moroccan Foreign […]
South African Businessmen and economic stakeholders have joined their voices to those of politicians and activists to call for consolidating economic partnerships between their country and Morocco, a rising economic power in Africa. In this context, the CEO of Gauteng Tourism Authority (GTA), the government agency of the Gauteng province in South Africa, Stembiso Dlamini, […]
Nigeria’s senate plans to pass legislation to criminalize the export of corn amid concerns over hunger and rising staple prices in Africa’s most populous nation. Nigeria has been grappling with a worsening food inflation which surged to 39.16% in October this year. This inflation has been exacerbated by climate conditions, currency devaluation and the removal […]
Morocco’s GDP grew 10% to 146 billion dollars in 2023, the high commission for planning, HCP, said in its final statistics. Financial and non-financial firms contributed by 45% to the national GDP, while public administrations contributed by 15.2%, HCP said in a recent report. Households and non-lucrative entities contributed by 29%, it said, adding that […]
Egypt’s army has replaced a supply firm to take full control of the imports of strategic commodities such as wheat, in a move that highlights the growing role of the Egyptian armed forces in the economy, Reuters reported. The army will conduct tenders on wheat and other strategic commodities instead of the General Authority for […]
Morocco’s Royal Air Maroc has resumed its direct flight from Casablanca to Sao Paulo on Saturday and inaugurated a new direct route from Casablanca to the Canadian city of Toronto on Sunday. The flight to Sao Paulo marked a long-awaited resumption of direct services between Morocco and Brazil, which were suspended for five years due […]