First Independent Mena Newspaper
The U.S. International Development Finance Corporation (DFC) has decided to finance the construction of Ifria refrigeration facilities in two African countries, namely Morocco and Senegal. The move, announced last week, come after DFC provided technical assistance grants to the cold chain development company Ifria in 2021. The Corporation announced the signing of commitment letters worth […]
Jet2 Airline Company has announced new flights from Birmingham, Bristol, Glasgow, Leeds Bradford, Manchester and London-Stansted airports to Agadir and Marrakesh. The newly added sunshine destinations will start operating in October 2024. Flights to the Moroccan popular tourist destinations will start from £79 each way, while package holidays will come in from £366 per person. […]
Some 130 leaders from Africa and other world’s regions have gathered in China for a two-day meeting organized by the Chinese government that marks the 10th anniversary of its Belt and Road Initiative (BRI). The summit that kicked off on Tuesday (17 October) is the third BRI Forum for international cooperation. Launched a decade ago, […]
King Mohammed VI chaired, on Tuesday at the Royal Palace of Rabat, a working session on housing and urban planning sector. During the meeting, Minister of National Territory Planning, Urbanism, Housing and City Policy, Ms. Fatima Ezzahra El Mansouri, presented the broad outlines of a new housing assistance program, which is in line with the […]
Stella Terra, the world’s first solar powered car, has been tested in Morocco. Designed by students from Eindhoven University of Technology (Netherlands), the lightweight vehicle has completed lately a 1,000 km trip from Northern Morocco to its Sahara without recharging. The test drive showed that the car can drive long distances with stopping at EV […]
Morocco will invite bids by the end of the year for a 250 million cubic meters desalination plant in the north-eastern city of Nador, water and equipment minister Nizar Baraka said. The plant would be the second largest in the country after Casablanca’s which is planned to start supplying fresh water in 2027, Baraka told […]
Morocco will use the material deployed during the IMF-World Bank meetings to equip schools in the quake-stricken areas, finance ministry official and coordinator of the meeting’s logistics Mohamed Khamoudi said. The event drew 12,000 participants in a covered area of some 23 hectares in Morocco’s tourist hub Marrakech. The education ministry said it was already […]
Over the past two decades, Africa’s trade partnerships have significantly shifted away from Europe, with Asia emerging as the primary trading partner, a recent analysis by Mo Ibrahim Foundation noted, whereby this development is underpinned by high‑growth corridors both between African regions and with regions beyond including Asia and the Middle East, according to a […]
African Export-Import Bank has pledged $1 billion in support for Morocco-Africa Trade & Investment program which finances and promotes intra- and extra-African trade. An agreement was inked over the weekend on the sidelines of the 2023 Annual Meetings of the World Bank & the International Monetary Fund held in Marrakesh October 9 to 15. Under […]
The IMF announced Saturday member nations agreed to increase their contributions to the global lender and give sub-Saharan Africa a third seat on its executive board at its first meetings on the continent since 1973. The IMF announced Saturday member nations agreed to increase their contributions to the global lender and give sub-Saharan Africa a […]