First Independent Mena Newspaper
Morocco’s OCP, the world’s largest phosphates producer, welcomed the US decision to cut the customs duty on phosphates-based fertilizers from 19.97 to 2.12%. The US decision will be applied from November this year to the next revision in the fourth quarter next year. OCP said its revenue stood at 61.03 billion dirhams ($6 billion) by […]
Trade between India and Africa increased by 9.3% between fiscal year 2021/2022 and 2022/2023, reaching $98 billion, according to India’s external affairs minister, as more than 30 African countries have benefited from India’s duty-free tariff preference (DFTP) scheme for least-developed countries. Speaking at the Confederation of Indian Industry (CII) and Exim Bank of India conclave […]
Commercial International Bank or CIB, one of Egypt’s leading private banks, has signed up for a $150 million loan from the European Bank for Reconstruction and Development (EBRD) to cushion against economic risks, a bourse statement said. Per the statement, the loan has a maturity of 10 years and will be used to optimize the […]
Ways of promoting cooperation between Morocco and Germany were discussed at a meeting that gathered in Berlin this Sunday Head of Government Aziz Akhannouch and German Chancellor Olaf Scholz. The meeting provided an opportunity to exchange views on several issues of common interest, and to examine possible ways of upgrading economic and commercial partnerships. During […]
Morocco is poised to attract at least 14 million tourists this year, breaking 2019 arrival record of 13 million, tourist minister Fatima Zahra Ammor said. The earthquake and the war in Gaza has prompted some tourists from emerging markets to cancel their bookings, she told Medias24, but arrivals from the European main tourist emitting markets […]
The President of the Union of the Comoros, Azali Assoumani, commended King Mohammed VI’s enlightened vision for a prosperous and autonomous Africa, enjoying the place it deserves on the international stage. Speaking at the close of the 15th edition of the MEDays Forum, the Comorian Head of State and acting chairman of the African Union […]
Morocco’s National Commission for the Implementation of Sanctions Imposed by UN Security Council Resolutions on Terrorism, Arms Proliferation and their Financing (CNASNU), and the Executive Office for Control and Non-Proliferation of the United Arab Emirates (UAE), signed a Memorandum of Understanding (MoU) in Dubai on Thursday, to strengthen and develop means of cooperation and partnership […]
Conde Nast Traveler hails the Moroccan capital for its dynamic music festivals, prestigious architecture and luxury hotels, thus raising it among the jewels of travel and one of the best destinations in Africa. The Moroccan capital of Rabat may be one of the country’s four imperial cities, but it’s long been bypassed by travellers drawn […]
Australian gold explorer and developer company Tietto Minerals has inaugurated a gold mine in Côte d’Ivoire for a total investment of $278 million. The mine is expected to generate $259 million revenues for the Ivorian State, ‘Sika Finance’ reports. The mine dubbed Lobo is named after the river housing it. It is situated in Daloa […]
The Chadian Parliament Thursday November 16 voted largely for the creation of an independent anti-corruption Agency to curb the phenomenon that the lawmakers argue has deteriorated the climate of business. Ramatou Mahamat Houtouin, the Secretary General of government presented the government proposal before the Parliament. 145 lawmakers voted in favor of the proposal while three […]