First Independent Mena Newspaper
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 […]
Togo and Benin have inked an agreement cutting significantly telecommunication costs including roaming and internet between the two countries. The agreement signed between ARCEP Benin and ARCEP Togo, the two regulators, will take effect on January 01 2024. Per the deal known as “Protocol d’Accord de Free Roaming entre le Togo et le Benin, and […]
The Moroccan government expects an economic growth of 3.7% and a narrowing of the fiscal deficit to 4% next year, according to a draft buddget that was approved by a ministerial council chaired this Thursdau by King Mohammed VI. The earthquake that struck on Sept 8 had no impact on the macro-economic assumptions of the […]
Morocco, under the leadership of King Mohammed VI, has added housing assistance to a list of ambitious projects that aim to strengthen the foundations of the social state in Morocco. The new housing assistance aims to help the poor and the middle classes access decent housing. The new measures, announced by the Royal Office following […]
Chinese power and fiber optic cable manufacturer Hengtong will set up a plant in Egypt to produce fiber cable as result of a deal between the Chinese company and the Suez Canal Economic Zone (SCZONE). Hengtong will invest $18 million for the project with a capacity of up to 2 million kilometers in the zone. […]
Works are underway to deliver the Dakhla Port, in Morocco’s Sahara territory, by 2028, Moroccan media le360 reported. The $1 bln port will span over an area of 1650 hectares and would serve as a maritime transport hub for southern Morocco and West Africa. This major infrastructure would also serve as a fishing and import-export […]