First Independent Mena Newspaper
Morocco’s economic growth would pick up to 3.2% in 2024 from 2.9% expected in 2023, amid persisting drought but improving exports, planning agency HCP said. The forecast is closer to that of the World Bank which sees the economy growing by 3.1% this year after 2.8% last year. The agency expects Morocco to reap a […]
The United States has congratulated Morocco on its election to the Presidency of the UN Human Rights Council for 2024, while committing to strengthening bilateral cooperation for the sake of the promotion of human rights in the world. “My heartfelt congratulations to Morocco and Ambassador Omar Zniber after being elected President of the UNHRC in […]
British Envoy for the UK-African Investment Summit 2024 (UK-AIS), Alastair McPhail, expressed eagerness to “building a modern partnership of mutual benefit with Morocco.” “We look forward to building a modern partnership of mutual benefit based on respect with Morocco and others,” McPhail told the press after talks in Rabat with Minister of Foreign Affairs, Nasser […]
Bulgaria hailed, on Wednesday, the Kingdom’s “serious and credible efforts” to settle the Moroccan Sahara issue, considering the Moroccan autonomy initiative to be a “serious and credible basis” for resolving the conflict. This position was expressed in the Joint Statement adopted in Rabat by Deputy Prime Minister and Minister of Foreign Affairs of Bulgaria, Mariya […]
Morocco was comfortably elected to the presidency of the UN Human Rights Council, in recognition for its rights achievements and the credibility it enjoyed. Morocco received 30 votes, despite the hostile campaign waged against its presidency bid by Algeria and South Africa. Morocco’s contender South Africa got only 17 votes, a crushing defeat for a […]
Mauritania has hiked customs duty on goods entering the country from the Guerguarat border crossing with Morocco, triggering the wrath of local consumers who see the move as a hit to Mauritanians purchasing power. Most goods transiting through El Guerguarata to Mauritania and the wider West African regions are fresh produce. The hike meant that […]
Morocco has diversified its wheat suppliers in 2023 to avert dependence on a single source and avoid the impact of geopolitical tensions on supplies. In 2023, Morocco imported 4.758 tons of soft wheat, compared with 5.27 tons in 2022, when the war broke out in Ukraine, sending prices skyrocketing, according to Morocco’s cereals agency ONICLE. […]
The hijacking of commercial ships and drone attacks by the Iran-backed Houthi rebels have disrupted global supply chains and sparked a jump in Asia-Morocco shipping costs by 60% to 100%. “The cost of shipping a 20-foot container from Shanghai to Casablanca increased from $1,450 to $2,800 (from €1,324 to €2,557) since last month’s 15th,” Rachid […]
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 […]