First Independent Mena Newspaper
European aircraft manufacturer, Airbus, has agreed with U.S. supplier “Spirit AeroSystems” to acquire the major activities related to its airbus planes manufacturing in five plants, including the Casablanca site. In a press release issued Monday, Airbus said the $559 million acquisition deal aims to ensure stability of supply for its commercial aircraft programs through a […]
Morocco’s flag carrier Royal Air Maroc was ranked the second-best carrier in the African continent, outperformed by Ethiopian Airlines which took the first position for the seventh year in a row. RAM won the title of the best regional airline in Africa, as it continues to expand its fleet, services, and destinations. RAM plans to […]
Ethiopia and South Sudan are putting the final touches to start building a 220-km cross border road that would cost up to 738 million dollars. The deal for the road was signed by the two governments in May 2023 and has just been approved by the South Sudanese legislative assembly, according to an Ethiopian foreign […]
Africa’s interests as an important component of the Global South must be preserved in the new global digital order, stressed from London Latifa Akharbach, President of Morocco’s High Authority for Audiovisual Communication (HACA). Speaking at the University of Westminster as part of an international conference on “The regulation of digital media and its challenges for […]
Morocco plans to upgrade 25,000 rooms through state-guaranteed loans before 2025, when the country will host the African cup of nations and ahead of the 2030 World Cup, the tourism ministry said. Hotels wishing to apply could receive up to 100 million dirhams ($10 million) in loans, whose interests will be paid by the state, […]
The Africa Atlantic Initiative, launched by King Mohammed VI, was presented on Thursday, June 27, at the Pan-African Parliament (PAP) during the meeting of the Trade, Customs, and Immigration Commission of the Pan-African legislative institution, holding the 3rd Ordinary Session of its 6th Legislature, from June 24 to July 5 at the institution’s headquarters in […]
Morocco and Turkey agreed to foster cooperation in the fields of mining and energy, including innovative fields such as green hydrogen. The deal was signed by Morocco’s energy minister Laila Benali and her Turkish peer Alparslan Bayraktar, who also agreed to cooperate on electricity distribution, decarbonization, and energy efficiency. The two parties also highlighted the […]
China’s Tenglong plans to set up a 6-million dollar plant in Morocco to manufacture key car air conditioning components, Chinese media reported. The project was approved by the board of Tenglong which plans to produce in Morocco aluminum tubes for car air conditioning, air-con pipe assemblies, and connecting pipes for heat exchange systems, Chinese news […]
Marsa Maroc will operate the container terminal at the deep-water port, Nador West Med for 25 years, Moroccan media reported. Marsa Maroc will have to invest 200 million dirhams ($20 mln) in the terminal which will have a capacity of 3.5 million containers, L’Observateur du Maroc et de l’Afrique reported. The terminal has a depth […]
Ethiopia attracted a staggering $3.3 billion in foreign direct investments (FDI) in 2023, surpassing its neighbors Kenya and Uganda, and hence has emerged as the leading destination for FDI in East Africa. The latest World Investment Report published by the United Nations Conference on Trade and Development (UNCTAD) has highlighted Ethiopia’s position as a beacon […]