First Independent Mena Newspaper
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 […]
King Mohammed VI has spurred a national program that puts the promotion and generalization of social safety nets at the heart of the country’s development model and as a lever of social cohesion. Under orders from the King, the government has gradually rolled out a social protection program that includes mandatory health coverage for all […]
Plans for a pan-African car industry, both for production and a growing consumer market, are gradually moving beyond the talking stage and into the realms of action, with more than half of the continent’s nations likely to take part in the African-wide automotive development. After the European car industry moved much of its production into […]
Twenty-five years ago, no one would have imagined that Morocco’s top exports would be cars. Morocco’s GDP, thanks to the King’s far-sighted approach, has more than doubled in a tough environment reaching some $130 billion, thanks to different economic policies spurred by the King. Industry has helped Morocco reduce dependence on the climate-vulnerable farming sector. […]
Côte d’Ivoire Joined the United Nations Water Convention, a treaty that aims to improve joint water management across borders. The West African country, which faces increasing is the 53rd party to the Convention on the Protection and Use of Transboundary Watercourses and International Lakes, known as the 1992 UN Water Convention. Only 10 African countries […]
Japan Tobacco International launched, on Friday July 19, the construction of its new factory in the Tetouan Park industrial zone, within the Tanger Med industrial platform, to consolidate its presence on the African continent. After creating a regional cluster for North and West Africa, based in Casablanca, which includes the company’s activities in 13 African […]
Morocco’s planning agency HCP said drought would ditch this year’s growth rate to 3% from an earlier estimate of 3.4%. The rate is almost similar to that of the IMF, which expected the economy to grow 3.1% this year. HCP expects the economy to recover to 3.4% in 2025, on the hypothesis of a close […]
Russia and Turkey have recently strengthened their nuclear footprint in Africa, the former by inking a nuclear deal with the Congo and the latter through reported efforts by to acquire some of Niger’s uranium assets to support its growing nuclear-power industry. After being involved in several nuclear deals across Africa, Russia’s state company Rosatom which […]
Moroccan economy has shown resilience and has accelerated, with real output increasing by 3.4 percent in 2023, according to the World Bank’s latest economic monitor for the country. “Despite various obstacles, including a slowdown in the global economy, an inflation shock, and the Al Haouz earthquake, Moroccan economy has shown resilience and has accelerated with […]