First Independent Mena Newspaper
Rwanda has hit back at the government of the Democratic Republic of Congo (DRC) for making “baseless allegations” against Apple after Kinshasa earlier accused the tech giant of using illegally exported materials from the war-torn east of the West African country in its products. Lawyers representing the DRC government alleged last week that Apple was […]
The Moroccan government agreed to a 1000 dirham pay rise for civil servants and hiked by 10% the minimum wage for workers in the private and farming sectors. This came following a new round of dialogue with the main labor unions in the country. The pay raise will take place in two stages this year […]
North African offshoot at French Engie compagnie said it was looking to sell its stakes at Safi coal-powered station, as part of its plan to quit coal operations before 2027, its CEO told Reuters. The company operates Morocco’s largest wind park in Tarfaya and is building a desalination plant along with its wind farm in […]
The Moroccan government and major labor unions are discussing a 10% wage hike for the minimum salary in the private sector employees and a 1000-dirham raise for civil servants, Miloud Mokharik head of UMT union said. The salary hikes would take place in two stages this and next year, Mokharik told L’economiste daily. Negotiations also […]
African Development Bank (AfDB) has asked policymakers to put in place an orderly and predictable way of dealing with Africa’s ballooning, unsustainable external debt pile that reached $824 billion in 2021. Africa’s $824 billion debt burden, the servicing of which requires countries to dedicate 65% of their GDP, and opaque, non-transparent resource-backed loans hamper the […]
Xlinks First Ltd. has confirmed the news reports announcing a $14.1 million investment of Africa Finance Corporation (AFC), the leading multilateral financial institution, in the Morocco-UK Power Project expected to provide affordable, reliable, clean energy from Morocco to Britain within a decade. The support of AFC of Xlinks project shows the trust Morocco enjoys on […]
French finance minister Bruno Le Maire said his country is ready to finance the 3MW power cable linking Dakhla in Morocco’s Sahara to Casablanca. The project was conducive to reducing the cost of energy, said Le Maire in his opening remarks at the Moroccan-French business forum. The statement confirms Paris recognizes fully Morocco’s economic sovereignty […]
Morocco’s state-owned OCP group has successfully raised $2 billion from Eurobonds sale which attracted massive investor interest, exceeding $6.2 billion, or 3.1 times the amount offered. According to press reports, the world phosphate and fertilizer giant issued 10-year and 30 year-bonds with interest rates of 6.75% and 7.5% respectively. The raised money will help the […]
Morocco and the UN Food & Agriculture Organization have agreed on a new cooperation program worth $31.5 million destined to enhance the Kingdom’s food and water security and climate change mitigation actions. The four-year program was signed Wednesday by minister of agriculture Mohamed Sadiki and FAO representative in Morocco, Jean Senahoun, on the sidelines of […]
The Democratic Republic of the Congo has accused Apple of sourcing precious metals used in its Iphones and Mac laptops from warlords in its conflict-stricken east. DRC lawyers called the minerals allegedly illegally acquired by Apple- such as tin, tantalum, tungsten, and gold- as “tainted with blood” of the Congolese people. The lawyers sent Apple […]