First Independent Mena Newspaper
Morocco, which is already operating the Mediterranean’s largest container Port, Tanger Med, is poised to inaugurate another deepwater port dubbed Nador West Med, which would further strengthen the country’s role at the heart of global maritime traffic. While Tanger Med has a nominal capacity of 9 million containers, Nador will start with a capacity of […]
Ethiopia plans to build what would be the largest airport on the continent, with four-runways at an estimated cost of $6 billion. The airport will be located near the resort town of Bishoftu (Oromia region), 45 km from the country’s capital and will span over an area of 35 sq.km, Mesfin Taseu, CEO of the […]
Once the largest economy in the continent, South Africa reels under infrastructure degradation that risks ditching the country’s economic growth, according to S&P Global Market Intelligence. Infrastructure dysfunctions, notably irregular electricity, supply hit production at Africa’s most industrialized nation, stoked unrest and worsened the country’s macroeconomic balances. Thea Fourie, Director for Sub-Saharan Africa Economics and […]
Ghana, Africa’s biggest gold producer, has launched its first-ever refinery after centuries of mining of the valuable commodity, in a bid to reap more value from its abundant natural resources. The Royal Ghana Gold Refinery is set to refine 400 kilograms of gold a day, sourcing the raw material primarily from artisanal and small-scale mines, […]
Moroccan cement producer CIMAF has launched works to build a plant in Burkina Faso that will be powered by solar power. The inauguration ceremony was chaired by Burkina Faso’s President Ibrahim Traore and CIMAF chief Anas Safrioui. Production will rely on locally sourced calcined clay as an alternative raw material to traditional clinker. The plant […]
The Moroccan government is preparing the 2025 budget based on expectations of an economic growth at 4.6% and a budget deficit of 3% of GDP, as it continues to attach priority to social safety nets, investments and employment. This came in the directive of the head of the government regarding the priorities of next year’s […]
A senior UN counter-terrorism official has warned about the escalating threat level that the Islamic State (ISIL/Daesh) and other related terrorist groups pose to West Africa and particularly the Sahel amid the growing political unrest and instability in the region. Vladimir Voronkov, head of the UN Office of Counter-Terrorism (UNOCT), in a briefing to the […]
Irish airline Aer Lingus has announced the launch of a new air route connecting Dublin to Marrakech starting this October, with three flights a week. The launch of this new route is part of the “expanded program of the Irish carrier aimed at providing its customers with the opportunity to enjoy the sun during the […]
Political leaders, business executives and other stakeholders from all around Africa have recently met at two high-level meetings in Nigeria’s Abuja and South Africa’s Cape Town, aiming to find ways to boost intra-Africa trade within the context of the African Continental Free Trade Area (AfCFTA). Finance ministers and central bank governors from 50 African countries […]
Spanish Checkin Hotels group has announced the opening of two new tourist establishments in Morocco, reinforcing its presence in the kingdom as part of its strategic expansion, the group said in a statement released on Wednesday. The first, DWO Marrakech Ennakhil, is a luxurious 5-star hotel situated in the vibrant city of Marrakech. The hotel […]