First Independent Mena Newspaper
Morocco was elected, in Vienna this Friday, to host the 93rd session of the General Assembly of the International Criminal Police Organization, Interpol. The 93 session will be held in Marrakech in 2025. The decision was made by the 91st session of Interpol, held from November 28 to December 1 in the Austrian capital. Director […]
Years of successive droughts emptied reservoirs pushing Morocco to speed up its desalination plans with new plants scheduled for Casablanca and Nador in 2027. Dam filling rate has dropped to 23% in Morocco on average in November with some critical dams such as Al Massira- supplying Casablanca- completely depleted. Construction works for the biggest desalination […]
The Xlinks Morocco-UK power project is gaining momentum as French oil giant TotalEnergies has injected £20 million in the ambitious green project, joining fellow investors Octopus Energy and Abu Dhabi National Energy Company (TAQA). The French supermajor has decided to back the Morocco-UK project after withdrawing from Algeria due to endless hurdles to investors and […]
Saudi Arabia’s Riyadh was chosen to host the 2030 World Expo, the Bureau International des Expositions (BIE) announced on Tuesday. Riyadh needed only one round of voting and secured the necessary two-thirds majority of member States at the general assembly of Paris-based BIE. Riyadh won 119 votes, South Korea’s Busan 29, and Italian capital Rome […]
Habidem, a Mauritanian small business known for turning local resources into a bio-sourced thermal insulator from Typha, a noxious plant, has been awarded Med’Innovant Africa 2023 prize, an innovation competition created by Marseille-based urban and economic development Agency Euroméditerranée. Led by Oumar WELE, the company bagged €7,000 financial assistance, a full support package to build […]
Morocco is leading the way in Africa and the world in establishing new special economic zones (SEZs) and attracting foreign direct investment (FDI), thanks to its higher value-added technology industries, according to a new report by Oxford Business Group. Entitled “How Special Economic Zones are shaping Africa’s industrial landscape”, the report, published last week, states […]
Morocco is stepping up efforts to build a competitive merchant fleet in line with the country’s Atlantic ambitions and port investments. Transport minister had told MPs last week his department was set to promote investments aiming at bolstering Morocco’s commercial marine fleet. The announcement came after King Mohammed VI urged transforming Morocco’s Atlantic coast into […]
South Korea’s recent announcement of the opening of new diplomatic missions in several African nations signals that Seoul aims to commit more resources to a continent that is widely seen as home to some of the world’s fastest-growing markets, according to experts. When the South Korean government on 7 November announced plans to open 10 […]
Morocco’s capital market regulator AMMC gave its approval for the listing of merchant bank CFG Bank on the Casablanca Stock Exchange. Under this IPO, CFG aspires to raise 600 million dirhams at a price share of 110 dirhams, with the subscription period running from November 30 to December 7. This marks the first IPO in […]
Nigeria, Africa’s largest economy, is seeking the exclusive BRICS membership to enhance its global economic influence that would also allow it to loosen its ties with the West, according to experts. According to Nigeria’s Minister of Foreign Affairs, Yusuf Tuggar, the West African country hopes to join the influential economic alliance within two years, stressing […]