First Independent Mena Newspaper
The European Union reaffirmed, in its 2023 report, the positive socio-economic impact of the agricultural agreement with Morocco, and the full benefit of the agreement’s provisions for the population of the kingdom’s southern provinces. The publication of this annual report by the European Commission and the European External Action Service (EEAS) comes on the heels […]
The number of Chinese workers across Africa has plummeted to its lowest level in more than a decade, according to data from China’s National Bureau of Statistics, with experts saying the continent is unlikely to see the high numbers of the past even though postponed China-run projects are now being restarted. After decades when Africa […]
South Korea LG Chem Ltd. has been selected to provide a water purification process for a desalination project to be carried out by Moroccan phosphate giant OCP Group. Under the deal, LG Chem will supply some 18,000 reverse osmosis (RO) membranes which will be used to desalinate 246,000 m3 of water a day at Jorf […]
Cooperation prospects between Morocco and the International Monetary Fund, in view of the World Bank and IMF Spring Meetings, scheduled in Washington April 17-19, were reviewed at a meeting between Morocco’s Ambassador to the United States, Youssef Amrani, and IMF Managing Director, Kristalina Georgieva. During the working meeting, Kristalina Georgieva commended Morocco for the excellent […]
A final investment decision (FID) to build the Nigeria-Morocco gas pipeline is expected to be reached by the end of 2024, chief of state-owned Nigerian National Petroleum Company (NNPC) said. The pipeline, to cost about $25 billion, runs 7000 kilometers both on-shore but mostly offshore. “There is ongoing engagement on the Nigeria Morocco Gas Pipeline […]
Drought has shattered prospects for a good harvest this year with only 2.5 million tons expected, down from 5.51 million tons last year, Morocco’s central bank said. The bank explained that a shortage of rainfall led to a drop in cereals planted area to 2.5 million hectares, compared with 3.7 million hectares last year. As […]
Spain is committed to further improving ties with Morocco, said the Spanish Foreign Minister, describing Morocco as a “key partner.” “Spain should have the best relations with a neighbor like Morocco. This is a rule of our foreign policy and state policy,” foreign minister Jose Manuel Albares told the Spanish Senate. “Morocco is a key […]
Africa will play a “huge role” in America’s critical mineral strategy, says US Deputy Treasury Secretary Wally Adeyemo who used his five-day trip to South Africa to express his country’s ambitions of securing metals needed for the global energy transition. Africa’s natural richness, which includes many so-called critical minerals, such as chromium, cobalt, copper, gold, […]
French bank, Société Générale, has informed Morocco’s Central Bank of its intention to leave the country, as part of a plan to withdraw from the African continent, Central Bank governor Abdellatif Jouahri said. Moroccan media has reported over the past few days that the French bank was planning to sell its Morocco branch to Saham […]
Morocco’s central bank has decided to maintain the current key rate at 3 percent and expects the country’s economic growth to be limited to 2.1 percent in 2024, before rebounding to 4.3 pc in 2025. During its first meeting of 2024 held Tuesday in Rabat, the Board of Bank Al Maghrib said the key rate […]