First Independent Mena Newspaper
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 […]
India is stepping up its critical mineral acquisition plans in Africa, with New Delhi reportedly eying to sign new and updated mineral pacts with about a dozen African countries, in bid to challenge China’s dominant position on the continent. India’s Ministry of Mines has said it was in discussions with Côte d’Ivoire, Democratic Republic of […]
Morocco’s carrier Royal Air Maroc (RAM) announced that it will re-open the Casablanca- Sao Paulo direct air link starting from December 7, 2024 with three weekly flights. The announcement was made while Brazilian Foreign Affairs Minister Mauro Vieira was visiting Rabat. Flights from Casablanca to Brazilian Sao Paulo will take place on Mondays, Thursdays and […]
Seven African countries collected $2.4 billion of additional revenue through tax transparency, exchange of information and related measures in 2023 than over the 13 preceding years combined, a new progress report for the so-called Africa Initiative has found. Launched at a recent 15th Meeting of the Africa Initiative in Lomé, Togo, the Tax Transparency in […]
A high-level meeting in Cameroon’s capital Yaounde has failed to reach a consensus on merging three central African economic blocs, the official reason being that the process would take longer than the leaders had expected. Analysts have long argued that breaking down economic barriers among member countries of the Central African Economic and Monetary Community […]