First Independent Mena Newspaper
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 […]
The British government has deemed any commercial activity in the Moroccan Sahara “legal,” thus thwarting the aims of Polisario supporters in the House of Commons, the UK parliament. Responding to a written question from Labor MP Lloyd Russell-Moyle about the possibility of “creating a United Nations Council for the natural resources of Western Sahara,” David […]
Head of the Moroccan government Aziz Akhannouch defended the achievements of his government at half-term, focusing on social projects including direct subsidies, mandatory health coverage, and the reform of the health and education sectors. Akhannouch-led government has come under fierce criticism by the opposition which decry a surge in unemployment and a lack of communication […]
An inaugural International Forum on the Moroccan Sahara opened on Wednesday in Dakhla. The forum is meant to catalyze scholarly discourse and forward-looking analysis concerning the emerging geo-economic landscape in the region. The agenda of the forum, that is attended by scores of academics and researchers from various disciplines, features several topics, including the Sahara’s […]
First Nigerian oil has arrived at the Beninese oil terminal of Sémè Kraké using the Niger-Benin pipeline, with experts hailing the launch of this platform because it signifies Niger’s emergence as a key player in Africa’s oil sector. The recent inauguration of the oil export platform in the town on the border between Benin and […]