First Independent Mena Newspaper
Trade between Morocco and China grew by 50% from 2021 to 2022 as China becomes Morocco’s first trading partner in Asia. Mehdi Laraki, head of Morocco-China business council, told le360 that Chinese investments in Morocco totaled 56 million dollars in 2022 in vital fields such as industry, transport, real estate, and energy. There has been […]
European and other Western companies face losing out on sub-Saharan African lithium supply to Chinese companies whose grip on the critical mineral got even tighter last year when African exports of lithium, which mostly go to China, rose sharply between August and November. Already dominant in the cobalt and copper sectors in Africa, China is […]
Morocco, which has released an offer to investors, expects to sign the first preliminary contracts to produce green hydrogen in the country in the fourth quarter this year. Some 100 investors have expressed interest in Morocco’s green hydrogen potential, said Mohcen Jazouli, minister in charge of investment in an interview with Medias24. Investors will have […]
Xlinks, which plans to export renewable energy from Morocco to the UK, said it is also assessing feasibility of other links with markets including Germany. This came in a statement in response to a Bloomberg article claiming the British company is abandoning the UK for the German market. “Xlinks was founded to promote the development […]
Head of the African Development Bank called for an end to loans in exchange for oil or critical minerals, which helped countries like China control vast resources in the continent. In an interview with the Associated press, AFDB chief Akinwumi Adesina explained how such loans lead to undervaluing natural resources of African countries and further […]
Morocco’s green hydrogen offer to investors has assigned a prominent role to the country’s sustainable energy agency MASEN as the main interlocutor for investors. The agency is tasked with examining projects by investors and coordinating between them and authorities. On March 10, the Prime Minister’s office said the offer is ready and promised 1 million […]
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 […]