First Independent Mena Newspaper
Morocco’s booming EV battery industry positions the country to become an export hub to the EU and the US by 2030, said a report commissioned by the UK government under its Manufacturing Africa program. Morocco “could competitively produce and export LFP batteries to Europe by 2030 at USD 68-72/kWh. This could generate USD 10-15 billion […]
Ryanair will connect the city of Dakhla in the Moroccan Sahara to Spanish Capital Madrid, and Lanzarote in the Canary Island. The direct route will be opened in January 2025, under an agreement between the low-cost airline and Morocco’s tourism promotion office ONMT. Nestled along the sun-kissed Atlantic coastline, this enchanting city has swiftly risen […]
Côte d’Ivoire will set up a $500 million green financing fund to support sustainable growth initiatives and enhance climate action, the IMF said. This new facility will be part of the African Green Banks Initiative, aiming to create a $1.5 billion ecosystem of green investment facilities across the continent by 2030. The facility will be […]
The International Monetary Fund (IMF) has approved $415 million to support Morocco’s efforts to mitigate the negative impacts of climate change on its economic growth. Morocco continues to make progress in bolstering its resilience against climate change and seizing the opportunities from decarbonization, under the Resilience and Sustainability Facility (RSF), said the Fund in a […]
France is committed to contributing to the socio-economic development of the Dakhla-Oued Eddahab region, as part of the multifaceted cooperation between France and Morocco, Ambassador Christophe Lecourtier said Tuesday in Dakhla. “We are working to embody France’s concrete willingness” to contribute, alongside Morocco, to enshrining the economic and social development of the southern provinces, Lecourtier […]
Spain has acquired four seismometers under a lease-to-own contract, for a total cost of nearly 500,000 euros. These devices will be used to study the seismic activity in the Strait of Gibraltar area, where the future railway tunnel connecting Morocco to Spain is planned to pass, Spanish portal Vozpopuli reported. The connection points are expected […]
Morocco plans to set up a train assembly plant that will be geared for exports as well as for domestic use as the country expands its rail network, the transport minister Abdessamad Kayouh said. Briefing MPs on the latest developments on the rail sector, the minister said rail operator ONCF will add an additional 1300 […]
Morocco’s experience in adapting to climate change and its commitment to play a key role in energy transition at national, continental, and international levels were highlighted before the High-Level Segment for Heads of State and Government of the ongoing COP29 summit held in Baku. The kingdom’s experience was presented by Head of Government Aziz Akhannouch, […]
Moroccan financial regulators announced the launch of the futures market which would help the Casablanca stock exchange attract more investors. The launch was announced in a ceremony by bourse regulator AMMC, the finance ministry and the central bank, who all highlighted the importance of the financial instrument in the reforms launched by the country to […]
French ambassador to Morocco Christophe Lecourtier started Monday an official visit, the first of its kind, to the Moroccan Saharan cities of Laâyoune and Dakhla. He is the first European ambassador to visit Moroccan Sahara and the second diplomat of a major global power recognizing Morocco’s sovereignty over its Sahara, after the visit paid by […]