First Independent Mena Newspaper
Africa imports between 70 and 80% of its medicines, according to Akinwumi Adesina, the President of the African Development Bank (AfDB), who also warned that the continent suffers an annual loss of $2.6 trillion yearly due to lack of productivity caused by ill-health. Speaking at a recent ceremony in Lagos where he was honored with […]
Nigeria will apply for membership of the BRICS in the next two years and it intends to join the group with or without pressure from the West, the country’s foreign minister Yusuf Tuggar has said. During a recent three-day working visit to Russia, where he held talks with his Russian counterpart Sergey Lavrov, Tuggar re-iterated […]
Morocco’s agriculture ministry strongly denied reports on foreign media and social media claiming the Kingdom’s exported strawberries are infected with hepatitis A. The ministry’s strong rejection of such allegations followed a similar denial by Morocco’s food safety agency which conducted tests on the strawberries unveiling the fallacy of the rumors spread on social media. The […]
Peru has praised the Atlantic Initiative, launched by King Mohammed VI, a move aimed at transforming this continental maritime space into a zone of peace, stability, and development. This position was expressed at the seventh edition of the Morocco-Peru Political Consultations Mechanism, held this week in Lima. The edition coincides with the 60th anniversary of […]
United Airlines has signed a deal with Morocco’s tourism authorities to launch a direct air route linking Marrakech to New York. The deal was signed between the airlines and Morocco’s tourism promotion office as it eyes more American visitors to the Red city. United Airlines will be using its Boeing 767-300 with 167 seat capacity […]
France’s Société General plans to sell majority stakes in its Morocco banking activity to Saham, Moroccan media reported. Saham, owned by former industry minister Moulay Hafid Alamy, had reached a deal to buy 57% stake in the French subsidiary bank, Le360 said in an exclusive. The transaction to buy the fourth largest universal bank in […]
Princess Lalla Asmae, youngest sister of King Mohammed VI, and the First Lady of Côte d’Ivoire, Dominique Ouattara, inaugurated, on Wednesday in Rabat, Lalla Asmae Foundation’s Hearing Diagnosis & Rehabilitation Centre and launched a newborn hearing screening program in the Rabat-Salé-Kenitra region at Moulay Youssef Hospital Centre. After cutting the inaugural ribbon, the Princess and […]
Morocco’s Mohammed VI Investment Fund and Moroccan banks (GPBM) signed a deal to allow private investors access to subordinated debt. The fund said it will allocate 4 billion dirhams to this financing mechanism that will be available starting from April. The new launched subordinated debt targets enterprises with a capitalization of 5 to 500 million […]
Somalia has finished the process of becoming a fully-fledged member of the East African Community (EAC) after it has ratified the accession treaty to an economic bloc that has some of Africa’s rapidly growing economies. Somalia joined Kenya, Tanzania, Uganda, the Democratic Republic of Congo, Burundi, Rwanda, and South Sudan, as part of the exclusive […]
The President of the United Nations General Assembly, Dennis Francis, has designated Morocco’s Ambassador to the United Nations, Omar Hilale, to co-facilitate the UN negotiation process relating to the modalities and the Political Declaration of the World Social Summit dubbed “Second World Summit for Social Development” which will take place in 2025. Hilale will conduct […]