First Independent Mena Newspaper
Morocco’s biggest mining company, Managem, bought Sound Energy Morocco East Limited as it seeks to diversify into gas, the company said. Managem acquired 55% of the Tendrara concession, 47.5% of the Grand Tendrara Permit and 47.5% of Anoual Exploration. The transaction would help Managem contribute to the development of gas production in the country with […]
Moroccans have lost nearly €11 million in fees for rejected Schengen visas last year. In 2023, the number of Moroccan nationals who had their Schengen visas applications rejected amounted to 136,367, costing €10.9 million or about 117 million MAD. This places Morocco second among African countries in numbers of visa rejections. While the Kingdom led […]
Madagascar welcomes the serious and credible efforts made by Morocco to move forward towards resolving the dispute over the Moroccan Sahara and hails King Mohammed VI’s initiatives to promote peace, stability, and shared prosperity in the African continent. This position was expressed in a joint communiqué issued following talks held Friday in Rabat between Malagasy […]
Morocco and China have a shared desire to boost their cooperation in the sector of tourism. Ways of strengthening this tourism cooperation were discussed at a meeting in Rabat Thursday by visiting Chinese Vice-Minister of Culture and Tourism, Quan Rao, and Moroccan Minister of Tourism, Fatim-Zahra Ammor. The two sides stressed the importance of cooperation […]
Senegal’s Sangomar oil and gas field has produced its first oil, operator Woodside Energy said, with the newly elected president Bassirou Faye promising that oil revenue will be “well managed.” Senegal also expected to start producing gas this year in the Greater Tortue Ahmeyim offshore field which it shares with Mauritania. “This is an historic […]
Morocco’s tourism sector is poised to outperform last year’s record with the arrival of 6 million tourists in the first five months of this year, tourism minister Fatima Ezzahra Ammour said. The number of arrivals was 770,000 higher compared to the same period last year, as Morocco continues to attract international hotel brands to invest […]
The United States is “missing an incredible window of opportunity” in Africa, a senior executive in US company told the US Senate Committee on Finance, urging a “quick renewal” of the African Growth and Opportunity Act (AGOA) that will have the largest impact on the US business interests on the African continent. SanMar Corporation’s general […]
Morocco’s Tanger Med is expected to outpace its nominal container capacity this year, as the port strengthens its foothold as a major transshipment hub, a port official told Reuters. The port is poised to handle more than 9 million containers after 8.6 million containers last year, that is a growth of 13.4% compared to the […]
Nearly 20,000 millionaires fled Africa in the past decade due to currency depreciations that eroded their wealth, according to Henley and Partners, a global citizenship and residence consultancy. The number of individuals with a wealth of $1 million in Africa dropped 8% to 135,200, while the number of billionaires was limited to 21 with a […]
Moroccan car manufacturer Neo Motors opened its first showroom in Rabat and started delivering vehicles to customers. Neo Motors is the first car maker in the Moroccan capital with factories near Rabat and a price tag starting at 175000 dirhams. Neo Motors plans to open 15 other showrooms across Morocco. Neo Motors’s Rabat factory has […]