First Independent Mena Newspaper
Africa’s financial industry platform (AFIS) has chosen Lome as host of its second Annual Summit on November 15 and 16, 2023, for the second time in a row. This year’s Summit will focus on the building of a “world-class African financial industry.” AFIS, backed by the International Finance Corporation (IFC), the World Bank’s private sector […]
Morocco and Germany have signed on Monday a joint declaration of intent aimed at strengthening cooperation between the two countries’ Interior Ministries in the areas of security, migration, civil protection, and the fight against different forms of cross-border crime, on the basis of equality, equal treatment, common interest and mutual esteem. The Declaration of intent […]
Namibia will no longer export unprocessed mineral products, President Hage Geingob has told the recent EU-Namibia Business Forum held in Belgium, part of the African country’s bid to create more local jobs, more local value and to boost domestic industrialization efforts. Geingob’s statement came after, earlier this year, Namibia banned the export of unprocessed lithium […]
Automaker Renault will launch by first half (H1) of 2024 a plant in Morocco’s city business hub of Casablanca to manufacture its newly unveiled Kardian SUV, in a move to conquer emerging markets. The car manufacturer made announcement at the inauguration in Brazil of its Renault Design Center LatAm and its new Kardian SUV, in […]
The Australian travel guide book publisher Lonely Planet has ranked the kingdom of Morocco fifth of its top 10 destinations for the year 2024. The publisher, one of the leading around the world, depicts the North African country as a dazzling destination with epic mountains, sweeping deserts and ancient cities, a country which greets travelers […]
French Schneider Electric company is planning to inject additional €30 million in Egypt until 2025 to boost the production capacity of its electrical panels factory in Badr City, the company’s Northeast Africa and Levant Cluster President Sebastien Riez said in an interview with CNN Business Arabic, ‘Arab Business’ reports. €10 million of the €30 million […]
Nigeria no longer has to pay a multibillion-dollar fine over a failed gas project agreement with Process & Industrial Developments Ltd (P&ID), after a London High Court has ruled in favor of Abuja and its appeal over damages, thus bringing an end to the $11 billion lawsuit filed by P&ID against the federal government. An […]
Morocco, Portugal, and Spain have signed a letter of intent regarding their joint bid to host the 2030 FIFA World Cup, this Saturday, October 28, at the Mohammed VI Football Complex in Morocco. The three football federations of Morocco, Portugal, and Spain signed the letter of intent this Saturday, a crucial step in the candidacy […]
Several influential U.S. Senators and members of the House of Representatives have called on the U.S. Department of Commerce to reduce duty on imports of phosphate fertilizers from Morocco, saying the imposed tariffs have pushed global prices upward affecting U.S. farmers. The call comes after U.S. Court of International Trade (CIT) ruled lately that Commerce […]
Leaders from the world of finance and business have convened in Saudi Arabia’s Riyadh for a three-day investment conference, issuing a warning about the many perils the world currently faces, most notably Israel-Hamas war that could widen into a regional conflict and deal a new blow to the global economy. The seventh Future Investment Initiative […]