First Independent Mena Newspaper
Several high-level meetings on the strategic Nigeria-Morocco African Atlantic Gas Pipeline project were held in Rabat this July 15-19, with the participation of all the countries involved in the project and representatives of the Economic Community of West African States (ECOWAS), and the West African Gas Pipeline Authority (WAGPA), Morocco’s National Office of Hydrocarbons and […]
Morocco forecasts economic growth to rise to 4.6% in 2025, based on current assumptions, Economy and Finance Minister, Nadia Fettah, said in Rabat on Thursday. The official, who was presenting the 2024 Budget execution, the 2025 finance bill framework and the three-year budget plan for 2025-2027 at a joint meeting of the finance committees of […]
In the last five years, Moroccan diplomacy, under the leadership of King Mohammed VI, won increasing support from global powers for its territorial integrity and sovereignty over the Sahra territory. The US recognition of Morocco’s sovereignty over the Sahara territory in 2020- as part of a trilateral deal involving the resumption of ties with Israel- […]
Africa’s trade deficit with China has shrunk in the first half of this year, as exports from some, especially resource-rich, African countries have soared in the first half of the year, while imports from China to Africa fell slightly, according to the latest Chinese customs data. During the first six months of this year, China’s […]
In 2024, Morocco is set to unseat South Africa as the largest car producer base in Africa, thanks to its investment climate which attracted investments from major European and Chinese producers. “Morocco will remain the favored investment destination for autos due to its proximity to the EU, existing trade agreements, and efficient logistics infrastructure,” Fitch […]
Sixteen years after Morocco announced its plan to rely on renewable energies for electricity production, the country has offered a model of hope for countries who are burdened by fossil fuel, thanks to large scale solar, wind and green hydrogen projects launched under the leadership of King Mohammed VI. Morocco has increased its renewable energy […]
South Korea’s LG Energy Solution (LGES) considers setting up a factory to make key electric battery component cathodes together with Chinese firms in Morocco, where numerous EV battery factories are under development. Wonjoon Suh, head of LGES’ advanced automotive battery division, told Reuters the company is negotiating partnerships with Chinese LFP cathodes makers, who produce […]
At least 14 countries will trade freely within East, Central, and Southern Africa from this Thursday, July 25, with the coming into force of a Tripartite Free Trade Area (TFTA) Agreement, which flattens the East African Community (EAC), the Southern African Development Community (SADC) and Common Market for Eastern and Southern Africa (COMESA) into a […]
The Group of Friends on Artificial Intelligence for Sustainable Development, co-chaired by Morocco and the United States, organized, in New York, a high-level event on the opportunities offered by artificial intelligence (AI) to support sustainable development in Africa. The event, titled “AI: An exponential opportunity for sustainable development in Africa”, was held Monday at the […]
Stellantis, one of the world’s leading automakers, has announced a two-phase acquisition of Sopriam, a subsidiary of the Al Mada group. The initial phase involves immediate majority control, followed by the full acquisition of 100% of shares by early 2025. Stellantis will now directly handle the import and distribution of its Peugeot, Citroën, and DS […]