First Independent Mena Newspaper
The High-Level Ministerial Meeting on accelerating the financing of Africa’s emergence, held on Thursday on the sidelines of the WB-IMF Annual Meetings, culminated in the adoption of the “Marrakech Declaration” which calls for a “global financial architecture that is fairer and more conducive to Africa’s development.” In this Declaration, the 48 countries that took part […]
The Economic Community of West African states (ECOWAS) and its regional partners have launched a strategic regional committee for fertilizer control to address West Africa’s fertilizer quality challenges. ECOWAS, in cooperation with the West African Economic and Monetary Community (UEMOA) and the Permanent Interstate Committee for Drought Control in the Sahel (CILSS), has officially launched […]
Currency crisis in Nigeria deepens as its currency, the Naira, has dropped to ₦1,040 per dollar, which comes as a national industrial association has warned that soaring inflation is a threat to the country’s economy. In the parallel market, Nigeria’s currency has dropped to N1,040 per US dollar as supply surpassed demand, which was due […]
The World Bank, the International Monetary Fund (IMF) and Morocco have launched a call for enhanced global action on common challenges in a bid to build resilience and expand opportunities for a better future. In a joint statement issued Wednesday in Marrakesh which is hosting the 2023 Annual Meetings of the WB & IMF, the […]
It’s high time to address the ‘embarrassingly low’ level of intra-African air connectivity which is depriving the continent and its people from reaching their full potential, an airline body chief has said. Addressing the recent annual general assembly of the Airlines Association of Southern Africa (AASA) that was held in Luanda in Angola, the airline […]
To offer developing countries an “alternative” to China’s Belt and Road Initiative (BRI), the EU launched, in 2021, its €300 billion Global Gateway scheme but as Kenya’s case shows, the EU’s initiative struggles to challenge its Chinese rival. For the European Union, investing in trade routes is about economic development and a way to push […]
The European Bank for Reconstruction and Development (EBRD) is joining efforts with Moroccan Ministry of Energy Transition & Sustainable Development to accelerate the decarbonization of the electricity sector in Morocco. The two sides signed on Wednesday a MoU on the sidelines of the 2023 Annual Meetings of the World Bank & the International Monetary Fund […]
Moroccan state-owned airlines RAM is speeding up its expansion as it plans to quadruple its fleet to 200 by 2030, seven years of a previously announced date. RAM will launch a tender to buy the 200 mostly medium haul airplanes by year’s end, CEO Abdelhamid Addou told Reuters at the IMF-World Bank meetings in Marrakech. […]
The European Investment Bank plans to lend Morocco 1 billion euros over the next three years in support of a reconstruction plan following the earthquake that struck on September 8. The loan is completely aligned with Morocco’s ambitious national recovery program according to the priorities of the national authorities, the EIB said in a statement. […]
Morocco is on course to break its tourist arrivals record with 11.5 million people visiting the country up to September this year, a figure that exceeds total arrivals in 2022, the tourism ministry said. “Timing couldn’t be more perfect to announce record September arrivals than during the Annual Meetings of the World Bank and IMF […]