First Independent Mena Newspaper
The African Development Bank, AfDB, will hold its 59th annual meetings this year in Nairobi from May 27 to 31, the Abidjan-based lender has announced. Topics to be addressed include the lack of climate finance for African priorities and the high cost of capital to invest in sustainable infrastructure for green growth and a just […]
With Chinese lending to Africa shrinking, the continent must focus on increasing its internal trade, diversifying trade-able goods away from commodities, and developing and solidifying its relationships with other global economic partners, according to a senior official at the Asia Business Council. The continent has long had robust economic ties with China, but now faces […]
The world’s leading producer of phosphate fertilizers, OCP Group, has announced the launch of the construction of four photovoltaic plants in the mining cities of Benguerir and Khouribga in Morocco. This large-scale project, with a total capacity exceeding 200 megawatts (MW), represents a crucial step in OCP’s sustainable development strategy, and translates its growing commitment […]
King Mohammed VI chaired a meeting on the measures to ensure water supply amid a severe drought that left many key dams empty. Speaking at the meeting, water minister Nizar Baraka said dam filling rate dropped to a critical 23.2% so far in January, compared to 31.5% in the same period last year, due to […]
The number of passengers transiting through Moroccan airports rose 32% in 2023 to 27 million people, indicating a recovery of the tourism sector and the growing importance of the Casablanca hub for travelers to and from Africa. The national airports agency ONDA reported that the growth was driven by international traffic with 24,429,325 passengers. Africa […]
The Moroccan Association of Local Council Presidents (AMPCC) and the Association of Mayors of Senegal (AMS) signed a cooperation and partnership protocol in Dakar, meant to enhance cooperation between local authorities in the two countries. The agreement, initiated by AMPCC President Mounir Lymouri, Mayor of Tangier, and AMS President Oumar BA, was signed during the […]
China’s Foreign Minister Wang Yi has kicked off his inaugural trip of 2024 that takes him to four countries around Africa, focusing on diplomacy, economics, and security issues on the continent. During his first stop in Cairo, the top Chinese diplomat called for a ceasefire in Gaza and the start of the implementation of the […]
Strengthening cooperation in the field of agriculture was at the heart of recent discussions between Akwa Ibom State, in southeastern Nigeria, OCP Africa, a subsidiary of the OCP Group, world leader in the production and export of phosphates, and the Nigeria Sovereign Investment Authority (NSIA). The strategic meeting was held at the request of the […]
China’s recent announcement that it was expanding its tariff-free policy to additional African countries, namely Angola, Gambia, Congo, Madagascar, Mali and Mauritania, may be a catalyst for new opportunities amid criticisms about the trade imbalance, according to experts. The Chinese government announced on 25 December 2023 that it was granting the additional six African states […]
Africa Collective, an independent, business-driven network dedicated to creating a platform for exchange and action on African topics, will kick off a series of activities during the time of the World Economic Forum (WEF), which takes place January 15-19 in Davos, Switzerland. Held in partnership with the African Continental Free Trade Area (AfCFTA) Secretariat, Africa […]