First Independent Mena Newspaper
The World Bank plans to utilize guarantees to draw more international financing to Morocco, said Hiroshi Matano, Executive Vice President of the Multilateral Investment Guarantee Agency (MIGA). “We believe that these guarantees can help Moroccan borrowers (corporate and public institutions and non-sovereign risk counterparties) diversify their financing sources with private capital,” Matano said in an […]
Africa’s rapid population growth is expected to lead to an increased demand on air travel, with Boeing expecting a robust annual growth rate of 6.4% in passenger traffic across the continent. Boeing, in its latest commercial market outlook, expects Africa’s commercial fleet to more than double by 2043. Regional aviation associate AFRAA estimates there will […]
Morocco and China signed, on Wednesday in Rabat, a memorandum of understanding establishing an executive program for cooperation in the field of water resources, covering the period 2025-2027. The executive program provides for exchange of experiences, strengthening human and institutional capacities, drafting cooperation projects, and coordinating the implementation of special training programs in the water […]
Senegal’s new president, Bassirou Diomaye Faye, is walking a financial tightrope. Just five months into the job, he has called for snap elections on November 17, dissolving the opposition-led parliament. But this political shake-up could not come at a trickier time for the economy. The numbers are not looking great. Economic growth has slowed to […]
Morocco’s National Center for Nuclear Energy, Science and Technology (CNESTEN) and the International Atomic Energy Agency inked two major partnership agreements in Vienna on Monday. The agreements were initialed by CNESTEN and IAE Director Generals, Hamid Marah and Rafael Mariano Grossi, on the sidelines of the Agency’s 68th General Conference. The first agreement concerns the […]
A final deal involving all countries that will benefit from the gas pipeline that will connect Nigeria to Morocco is expected by year’s end, head of Morocco’s mines and hydrocarbons agency ONHYM Amina Benkhadra said. The project has been spearheaded by Morocco’s King as a key component of the Kingdom’s south-south cooperation approach. It has […]
Small-scale and coastal fishing landings at Morocco’s Mediterranean ports reached 10,879 tons by the end of August, marking a 13% decline compared to the same period in 2023, according to the National Fisheries Office (ONP). Despite the drop in volume, the value of these landings surged 8% year-on-year, totaling around 513.17 million dirhams for the […]
IFC has granted a €100 million loan to OCP Group, contributing thus to complete the desalinated water pipeline to connect Jorf Lasfar to Khouribga, whose construction is progressing well and is expected to be completed soon. The loan will support the construction of a 219 km pipeline and a new pumping station The infrastructure will […]
The African Development Bank approved a loan of 102.7 million dollars to help Togo farmers boost their resilience to climate change and foster sustainable agricultural practices. The funding also aims at helping farmers reduce greenhouse gas emissions and provides support for small irrigation systems covering at least 39,179 ha, in addition to the provision of […]
Aya Gold & Silver announced a preliminary agreement to sell its Tijirit mine in Mauritania to Mx2 Mining, a new company focused on developing gold projects in North Africa. As part of the deal, Aya will invest approximately CAD 7.5 million in Mx2, making it the majority shareholder and securing two seats on the Board […]