First Independent Mena Newspaper
The African Development Bank (AfDB) is supporting Morocco’s efforts to enhance inclusive access to healthcare, improve employability of vulnerable people through training, and provide urgent assistance to the families affected by Al Haouz earthquake. In this connection, three financing agreements worth €270 million were signed Tuesday in Rabat by the Bank and the North African […]
Tanzania’s government has signed a 30-year port management agreement with Dubai-based logistics firm DP World, hoping the deal would boost exchanges with landlocked neighboring countries and reduce unloading times at the country’s largest port. The Dar es Salaam port in Tanzania will soon be modernized amid a 30-year concession agreement with the Emirati logistics giant […]
Morocco plans to increase spending on social protection to 5 billion dollars annually, covering mandatory health insurance, direct cash handouts to needy social categories, and housing acquisition aid, head of the government Aziz Akhannouch said. Speaking to members of Parliament, Akhannouch said the measures are in implementation of the King’s directives to move towards a […]
King Felipe VI of Spain highlighted, Monday in Bilbao, the importance of his country’s relations with Morocco and underlined that Morocco has “economic sectors with high potential.” “Morocco is a country with high potential economic sectors,” King Felipe VI said in an address delivered at the opening of the 26th National Congress of Family Business, […]
The Moroccan government has increased its general budget by 6.3% to about 62 billion dollars to meet increasing spending on social safety nets, earthquake reconstruction, job creation, and economic development. Speaking to members of Parliament, Finance Minister Nadia Fettah Alaoui said the government will also increase its public investment budget by 35 billion dirhams to […]
Morocco was the top outperforming destination of the Greenfield Foreign Direct Investments (FDI) in 2023, as it attracted worldwide commitments totaling $34 billion worth of investment projects. These pledges are projected to double the previous all-time high of $15.8 billion set in 2008, fDi Markets said in a recently released report. The North African country […]
The Critical Minerals Africa 2023 summit was held in Cape Town this week (17-19 October), with a high-level ministerial panel addressing the future of African mineral resource development, as the continent’s mineral reserves gear up to power a global energy transition. The Critical Minerals Africa 2023 summit, organized by Energy Capital & Power, serves to […]
As world leaders gathered in Beijing for China’s Belt and Road Initiative (BRI) forum this week, analysts see China as making a renewed focus of its development drive on poorer countries in the global south, notably in Africa, as the country’s relations with the West become increasingly frosty. China’s financial support for projects in nearly […]
Morocco’s automotive exports reached $8.8 billion between January and August this year, a jump of 35.6% year on year, says “FDI Intelligence” in its latest report on the investment opportunities offered in the North African Kingdom. This impressive growth highlights the sector’s leading position in the country’s overall exportation, as it outperforms the sectors of […]
Morocco is preparing to host the 2025 African Cup of Nations and the 2030 World Cup by building a new stadium worth 500 million dollars and renovating six other stadiums. In implementation of King’s instructions, head of the government Aziz Akhannouch chaired a signing ceremony with CDG investment fund which will finance the projects. In […]