First Independent Mena Newspaper
Morocco’s economic growth is expected to reach 3.5 pc in 2024 and 3.8% in 2025, driven by higher investment, according to latest projections released by the African Development Bank. In its African Economic Outlook 2024 report, the Bank said inflation is projected to fall slightly to 4.1% in 2024 and 3.8% in 2025, as world […]
While many in China and Africa hope that economic cooperation between both sides will continue to expand under a series of initiatives, including the Belt and Road Initiative (BRI), a new report by Carnegie Endowment for International Peace warns that Sino-Africa economic relations will be increasingly impacted by China’s slowing economy. At a recent Africa […]
King Mohammed VI appointed new chiefs in several key energy and logistics institutions. These include the Moroccan agency for sustainable energy MASEN, the electricity and water agency ONEE, Airports authority ONDA, ports agency ANP, and the highways company ADM, a statement by the palace spokesman said following a ministerial council held Saturday in Casablanca under […]
Morocco adopted a draft decree to create two defense industrial zones that will be home to military plants focusing on defense equipment, weapons, and munitions. The announcement was made in a statement made by spokesperson for the royal palace following a minister’s council, held Saturday in Casablanca, under the chairmanship of by King Mohammed VI. […]
King Mohammed VI has been briefed on the progress made in the revamp of enterprises in which the state is a stakeholder with the aim of improving governance, regional influence, promoting investments and territorial development, and enhancing competitiveness. This came in a statement by the spokesman for the Royal Palace following a ministers’ council chaired […]
Moroccan pharmacies start as of this June 1 selling legal cannabis products, notably food supplements and cosmetics, the pharmacies union (CSPM) said. In total, nine cannabis-based food supplements and ten cosmetic products will be available on pharmacy shelves after receiving the greenlight of regulators, Le360 cited CSPM sources. Producers could also sell independently in their […]
Newly elected Senegalese president Bassirou Faye started a regional visit with Mali and Burkina Faso in a bid to strengthen ties with neighbors that quit the regional bloc ECOWAS in protest over sanctions following their consecutive coups. In Bamako, Faye held talks on the ECOWAS with Mali’s leader Col. Assimi Goita. Following the talks, he […]
Japan has welcomed this Friday Morocco’s “serious and credible efforts” within the framework of the autonomy initiative to settle the Sahara issue. This position was expressed by Japan’s Foreign Minister, Yoko Kamikawa, during talks in Tokyo with her Moroccan peer Nasser Bourita, the Japanese Foreign Ministry said in a statement. Based on Japan’s “consistent” position, […]
As a growing number of giant Chinese companies chose to invest in Morocco for its political stability and competitive assets, the Algerian regime became extremely worried to see its neighboring country taking the lead and thriving while Algeria is lagging behind and sinking into the abyss. In a desperate move to address the situation, Algerian […]
Morocco expects to further cut its fiscal deficit from 4% in 2024 to 3.5% in 2025 and 3% in 2026, despite an increase in spending on social protection, Fouzi Lekjaa said. The deficit was at 7.1% when the government took office in 2021, at a context marked by a recovery from the economic impact of […]