First Independent Mena Newspaper
By 2022, Morocco’s external debt stood at 423.6 billion dirhams ($41.2 bln) representing 31.8% of GDP, half of which was owed to multilateral development banks, according to finance ministry data. The International Bank for Reconstruction and Development, an offshoot of the World Bank, holds the lion’s share in Morocco’s external debt with 93.1 billion dirhams, […]
The government of the Czech Republic has voiced support to the Autonomy plan offered by Morocco for the Sahara under its sovereignty, describing the plan as “serious and credible” and offering a “good basis” for reaching a mutually acceptable solution to the Sahara regional conflict. The supportive stand comes in the Joint Declaration signed on […]
Diplomatic relations between India and Africa have expanded rapidly since the early 2000s but, with India aspiring to become the 21st century’s next superpower, the relationship between both sides will be driven by business links, trade and the joint efforts to reshape the international institutions. At the recent G20 summit in New Delhi, Indian Prime […]
Morocco and Belgium have discussed this Wednesday in Brussels ways of upgrading their partnership and meeting current and future shared challenges. This came at a meeting between Head of Government, Aziz Akhannouch, and Belgian Prime Minister, Alexander De Croo. The two sides expressed satisfaction at the partnership linking the two kingdoms, and examined ways of […]
Idrissa Nassa, the President of Coris Bank Group, one of Burkina Faso’s successful companies, has been elected new President of Le Conseil National du Patronat Burkinabe (CNPB), the country’s private employers’ council. The 59-year business tycoon beat rival and incumbent council’s President Apollinaire Compaoré, founder of Planor Afrique Group by 119 votes against 54. He […]
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 […]