First Independent Mena Newspaper
Tanzania is venturing into the manufacture of electrical equipment aiming to become a key player in the industry, which is part of the government’s strategy to diversify the East African country’s economic portfolio. During her recent visit to Multi Cable Limited (MCL), a Dar es Salaam-based factory, Tanzania’s Industry and Trade Minister, Ashatu Kijaji, sought […]
Concordia, a Russian manufacturer of electric vehicles (EVs), will set up an EV components manufacturing factory in Egypt as part of deal with real estate developer GV Investments. Per the partnership, GV Investments will provide the plot of land needed for the project and construct the factory, reports say. The future factory is expected to […]
A Moroccan-Saudi economic forum will be held in Riyadh this January 21-22 by the Moroccan Employers’ Association (CGEM) in cooperation with the Federation of Saudi Chambers. The program of the forum features presentations on the business climate in Morocco and Saudi Arabia, a session on investment opportunities in the two countries, a meeting of the […]
Morocco is featured among the best world destinations to visit in 2024, according to the “Travel” segment of the renowned media outlet CNN. CNN has highlighted in a recent feature on its “Travel” segment, Morocco as one of the top 24 must-visit destinations for the year 2024. Morocco is one of the few African countries, […]
King Mohammed VI has voiced determination to make of the privileged relations binding Morocco and the Democratic Republic of Congo an exemplary model of inter-African cooperation. In a message of congratulations to Félix Tshisekedi, on his re-election as president of the Democratic Republic of Congo, King Mohammed VI hailed the solidity of cooperation relations between […]
Morocco will produce 50% of its fresh water needs from desalination by 2030, said water minister Nizar Bakara, as the country faces one of the harshest droughts in its recent history. Five years of drought depleted reservoirs now only 23% full, while many farming areas face bleak prospects due to halt of irrigation. By 2030, […]
Morocco’s economic growth is expected to reach 2.4% in Q1-2024, marking a decline from the +3.5% growth recorded during the same period the previous year, according to the economic growth projection of the statistics office, le Haut-Commissariat au Plan ((HCP) for the first quarter of 2024. According to the HCP’s economic outlook for the fourth […]
The government of South Korea has excluded the Algeria-backed Polisario separatist group from the list of invitees to the 2024 Korea-Africa summit, dealing another hard blow to the Algerian regime. According to diplomatic sources, Morocco has been invited to take part in the event by Seoul which has affirmed that ONLY sovereign African states recognized […]
Governor of Bank Al-Maghrib (BAM), Abdellatif Jouahri, was named “Best Central Banker in Africa for 2024” by the London-based financial and international affairs magazine “The Banker”, affiliated to the “Financial Times” group. The Banker’s Central Banker of the Year 2024 awards celebrate the officials who have best managed to stimulate growth and stabilize their economy. […]
Morocco is matching words with actions as far as making the Sahara territory a bridge to the rest of Africa through win-win partnerships. The Atlantic initiative, spurred by King Mohammed VI, aims to benefit landlocked Sahel countries from the future 1bln Dakhla port and other logistics and infrastructure to help them access global trade and […]