First Independent Mena Newspaper
A group of US senators introduced a bill to renew AGOA trade program with 40 nations in Sub-Saharan Africa, to help them maintain duty-free access to the US market ahead of the deal’s expiration next year. The legislation, first enacted in 2000, is expected to be extended until 2041, news agencies reported. Biden’s administration has […]
The strong and growing friendship and cooperation between Morocco and Hungary were reviewed at a meeting held in Marrakech Friday between Head of Government, Aziz Akhannouch, and Hungarian Prime Minister, Viktor Orban, who is visiting the Kingdom. The meeting celebrated the strong and growing friendship and cooperation between Morocco and Hungary, which reflects the commitment […]
Africa’s trade volume is projected to shrink in the first six month of 2024, as the recent attacks by Iran-backed Houthi rebels on commercial vessels will have a huge consequence on the economies of African countries, especially those in North and East Africa, says a new report compiled by Afrexim Bank. As Yemen-based militants continue […]
French Société General plans to sell its majority stake in its Moroccan branches to Saham group for 745 million euros, as it continues its divestment from the African continent. The transaction which includes Société Générale Marocaine de Banques and La Marocaine Vie is expected to be completed by end of 2024. The French group owns […]
The US should craft a foreign policy in Africa that focuses on critical minerals to curb dependence on China, the United States Institute of Peace said. “US economic and national security depend on securing a reliable supply of critical minerals, including from Africa,” the Washington-based Think tank said in a report. The US relies on […]
Spain’s President of the Government, Pedro Sánchez, stressed on Wednesday at the Congress of Deputies the “excellence” of cooperation relations with Morocco in all areas, saying that his last visit to the North African Kingdom, last February, gave a new momentum to bilateral ties. “We enjoy excellent cooperation with Morocco, particularly in the fight against […]
Amid intense competition with the United States to dominate Artificial Intelligence (AI), China has recently hosted a forum attended by a number of African countries designed to deepen a collaboration in the field of AI governance. Hosted by Cyberspace Administration of China, the country’s internet watchdog, the China-Africa Internet Development and Cooperation Forum urged Beijing […]
Morocco’s state-owned OCP Group and Australian Fortescue Energy have announced a Joint Venture (JV) destined to supply green hydrogen, ammonia, and fertilizers to Morocco, Europe, and international markets. The JV will also contribute to the development of manufacturing facilities and a R&D hub to advance renewable energy industry in Morocco. Mostafa Terrab, CEO of OCP […]
The U.S. trade office said Kenyan officials have been systematically asking bribes from U.S. investors, who complained of lack of transparency and excessive complexities and inefficiencies in the procurement process for contracts. Corruption will thwart foreign investors in Kenya where only those who pay a bribe manage to invest, said the U.S. trade office in […]
Morocco’s economic growth stood at 2.9% in the first three months this year, despite drought that undermined agricultural production. Led by domestic demand, non-agricultural growth was at 4% the same period thanks to the industrial sector and services, the high commissioner for planning said in a report. Rainfall was 42% lower compared to last year […]