First Independent Mena Newspaper
Two years after the signing of the founding protocol, the African Energy Bank officially opened its doors on June 4 and slated the operational launch for July. This supranational bank will focus on financing oil and gas projects in Africa, with a view to bridging the financing gap in these sectors and the continent’s energy […]
Mali’s revenue from gold mining activities fell by 26% due to lower taxes, official figures showed. Mali is the fourth largest gold producer in Africa. The mineral accounted for 80% of its exports and represents some 10% of its GDP. The revenue paid by mining companies to the Treasury fell to 563.8 billion CFA francs […]
Morocco and the Chinese-European Gotion High-Tech Group, a leader in the field of electric vehicles, signed, on Thursday in Rabat, a strategic investment agreement worth 12.8 billion dirhams on the setting up of a comprehensive industrial ecosystem for the manufacturing of electric batteries in Kenitra. The investment agreement, signed at a ceremony chaired by Head […]
Germany has granted Morocco a €100 million loan to assist the Kingdom’s earthquake reconstruction program, alleviate the socio-economic burdens placed on the local population, and assist in managing the aftermath of the disaster that hit Morocco in September last year. The loan agreement was signed in Rabat on Wednesday by Minister in charge of Budget, […]
Morocco as an attractive investment destination was under the spotlights during the 10th edition of “The Africa Debate”, held Wednesday in London. The event, named “Morocco Investment Forum,” provided a platform to promote the wide range of opportunities Morocco is offering in different sectors, mainly renewables, telecommunication, and industry. The event focused on Morocco’s strategic […]
Tanger-Med is the fourth top-performing port in the world, according to the latest global Container Port Performance Index (CPPI). The Moroccan port is ahead of all European and African ports for the second consecutive year. Developed by the World Bank and S&P Global Market Intelligence, the fourth edition of CPPI is based on the biggest […]
The Moroccan government needs to increase its 2024 budget by 14 billion dirhams ($1.4 billion) to meet expenditures linked to subsidizing electricity prices and wage hikes, minister delegate in charge of the budget Fouzi Lekjaa said. In a presentation at the finance committee in parliament, Lekjaa recalled that the government has approved a decree to […]
Russian foreign minister Segy Lavrov is on an African tour leading him to some of the countries that have distanced themselves from Western capitals. Lavrov began his tour with Guinea, which together with some African nations abstained from voting in favor of a UN resolution that calls for a withdrawal of Russian troops from Ukraine. […]
Morocco is convinced that Africa-Korea partnership brings in an important added value to the continent’s socioeconomic development, said Talbi El Alami, Speaker of the House of Representatives, who represents King Mohammed VI at the 1st Korea-Africa Summit convening in Seoul June 4-5. Korea’s technological & scientific progress, economic emergence, and steadfast commitment to the stability, […]
Morocco’s national carrier, Royal Air Maroc, and Etihad Airways of the United Arab Emirates have agreed to enhance their cooperation ties in order to provide their customers more flight options and better services for a memorable travel experience. The agreement, signed Monday, enables travelers of companies to book their entire journey on a single ticket […]