First Independent Mena Newspaper
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 […]
French minister in charge of foreign trade, Franck Riester, said his country “welcomes” and is “ready” to finance Morocco’s investments in the Sahara territory. His statement echoes that of French foreign minister who broke the ice in Rabat saying France welcomed the development effort led by Morocco in its southern provinces and is ready to […]
Avocado production and export in Morocco continues its upward trend, generating important foreign exchange earnings, said the international EastFruit online magazine. Between July 2023 and January 2024, the North African Kingdom exported nearly 40,000 tons of avocados, worth $120 million, setting a new record for the period. With four more months to go and the […]
The modernization of Morocco’s land forces enabled the Royal Armed Forces to take the 20th position in a list of armies with the largest and most advanced artillery arsenals. Using data from the Stockholm Peace Institute and other defense sources, US portal Insider Monkey listed Morocco as the 20th most powerful artillery, citing the upcoming […]
Morocco is considering applying anti-dumping measures on tomato paste imported from Egypt, the industry minister said as local industries complain of unfair competition. The agri-food federation noted in a report that Egyptian imports had a far lower price resulting in loss of jobs for the local tomato paste industry, whose sales plummeted by 14%. The […]
The partnership between Morocco and the European Union is “more crucial than ever in the current geopolitical context”, said EU High Representative for Foreign Affairs and Security Policy, Josep Borell. The strengthening of this strategic partnership was the focus of a meeting on Wednesday between Borrell and Minister of Foreign Affairs, Nasser Bourita. “We discussed […]
With sustainability concerns being increasingly understood and recognized across Africa, a new report by the professional services firm PwC calls on stakeholders across the continent to see to implement policies encouraging greener food production methods and the avoidance of food waste. These are required to future-proof Africa’s food supply and to meet the expected future […]
Ghana, the world’s second-largest cocoa producer, considers doubling farmgate price of the crop to combat smuggling amid a global shortage, as the country’s share of the whole sale market price shrinks to 16% from 44% in mid last year. The Ghana Cocoa Board and the country’s government are reportedly muling a significant increase — potentially […]