First Independent Mena Newspaper
Burkina Faso reaffirmed its full support for the initiative launched by King Mohammed VI aiming to help landlocked Sahel states access the Atlantic Ocean and global trade. Burkina Faso’s foreign minister Karamoko Jean-Marie Traoré said following talks in Rabat with his Moroccan counterpart Nasser Boourita. Traore described the initiative as embodying south-south cooperation in line […]
Morocco’s government debt is sustainable as efforts are ongoing to cut it further below 70% of GDP, finance minister Nadia Fettah Alaoui said. The minister made the remark during an interview on le360, following criticism by opposition MPs who warned of the risk of debt unsustainability. Debt to GDP ratio was brought below 70% this […]
Morocco’s wheat imports are expected to grow to 7.5 million tons due to an adverse impact of rain deficit on domestic harvest, making the country the sixth largest importer globally, FAO reported. Morocco’s wheat imports were only exceeded by Egypt followed by Indonesia, Turkey, China and Algeria, the FAO said in its Food Outlook report […]
Zimbabwe eyes the membership of BRICS grouping, hoping this would enhance the country’s opportunities for free trade with other member states, with experts saying that the African continent would benefit from the BRICS expansion to include five new countries from Africa and the Middle East. Speaking at a recent BRICS international forum in Vladivostok, Zimbabwe’s […]
Botswana has ascended to the rank of the top diamond producer globally, unseating sanctions-hit Russia. Most of Botswana’s diamond found in the Orapa diamond deposit is operated by De Beers, a leading diamond company. Following the G7 sanctions on Russia, De Beers moved its auctions to Botswana to streamline its business operations and facilitate the […]
King Mohammed VI has urged the Government to make sure that the results of the upcoming general population and housing census to take place next September 1 to 30 are processed and analyzed diligently, to be used as a structuring tool for public policies at both national and local levels. In a letter addressed to […]
The number of beneficiaries of the mandatory health insurance in Morocco hit a new record at 23 million as the country forges ahead with its social reform plans, the African Development Bank said. The number grew from just 7.8 million beneficiaries and from 20,000 daily reimbursement requests to 60,000 daily requests currently, the Bank said. […]
The economic growth across Africa is projected to exceed global average this year, according to a new report published by the Afreximbank, despite several downside risks, including increasing levels of sovereign debt, associated sustainability risks, and excessive exposure to adverse terms-of-trade shocks. The report entitled ‘A Resilient Africa: Delivering Growth in a Turbulent World’, the […]
OCP Africa, a subsidiary of Morocco’s OCP Group, recently signed a memorandum of understanding with the State of Gombe to support the agricultural sector in this northeastern region of Nigeria. OCP Africa will provide its support to the State of Gombe, Nigeria, for the development of its agricultural sector, the subsidiary of the OCP Group, […]
China’s slowdown that results in shrinking Chinese demand and its shift to green and high-tech sectors are bound to harm Africa’s economic prospects, according to a number of experts who have warned against an excessive dependence of African countries on the world’s second-largest economy. Economic relations between China and Africa expanded rapidly over the past […]