First Independent Mena Newspaper
Africa needs further access to sustainable finance to achieve development goals and bolster growth, Moroccan finance minister Nadia Fattah said. “The long-awaited growth of our continent depends heavily on the ability of our countries to access the financing needed to achieve the goals of the 2030 Agenda for Sustainable Development and the African Union’s Agenda […]
Africa is poised to play a leading role in energy transition as it continues to attract prime investors thanks to its large deposits of critical minerals, African Development Bank chief Akinwumi Adesina said. Speaking at the opening of the African Investment Forum in Rabat, Adesina said Africa holds 95% of chromium, 90% of Platinum Group […]
Saham Group said it has completed the acquisition of the Moroccan subsidiary of French Société Générale SGMB and its insurance business, La Marocaine Vie. Moulay Hafid Alamy has been appointed president of SSGMB following the sale. Earlier this year, Société Générale announced the sale of its majority shares at 57% of SGMB to Saham. The […]
Italy’s Ecoprogetti Company, a leader in solar panels manufacturing, has increased the production capacity of its plant in Morocco from 500 MW to 1 GW, strengthening the country’s transition to a green economy. The plant, located in the city of Al Hoceima, is operated by Almaden Morocco. It is the largest solar module manufacturing site […]
King Mohammed VI is represented at the One Water Summit, which opened this Tuesday in Riyadh, by Head of Government Aziz Akhannouch. The summit is addressing the global scarcity of water resources and the related challenges. The One Water Summit, held alongside the 16th session of the Conference of the Parties (COP16) of the United […]
In the first ten months this year, tourism revenue and remittances from Moroccans abroad steadily increased on the way to break last year’s record. Tourism revenue grew to $9.7 billion, while remittances from Moroccans living abroad reached nearly $1 billion, auguring well for the country’s foreign exchange reserves, currently covering 5.5 months of import needs. […]
Moroccan wheat traders FNCL and the Russian grain trader’s union (Rusgrain) signed a deal to promote Russian grain exports to Morocco as the north African Kingdom seeks to diversify suppliers and build strategic stockpiles of key staples. The deal was signed on November 29 during a visit of a delegation of 37 Russian wheat traders […]
The joint bid submitted by Morocco, Portugal and Spain to host the 2030 World Cup, only bid in contention, presents a “very strong all-round proposition” and exceeds “minimum hosting requirements” in the technical evaluation, La Fédération Internationale de Football Association (FIFA) stated in its bid evaluation report. First and foremost, the joint bid for the […]
Morocco’s central bank has prepared a draft law that would set up a secondary market in which non-performing loans, currently at 9.8 billion dollars, can be sold, in a move that will boost banks’ liquidity. The news was announced by director general of the central bank, Bank Al Maghrib, Abderrahim Bouazza, who said non-performing loans […]
Moroccan inventor Fouad Faqiri won, on Friday, the gold medal at the Seoul International Invention Fair (SSIF), held in the Korean capital November 27-30. During the event, Faqiri also received an honorary award from “Citizen Innovation,” a Singaporean alliance working to promote innovators, as well as the title of “Innovation Icon” awarded by the Malaysian […]