First Independent Mena Newspaper
The depreciation of all domestic currencies in the East African region over the past year has not led — in a defiance of conventional economic theory and expectations of regional economists — to the improvement in trade balances, putting more pressure on foreign exchange rates. The depreciation of a country’s currency is supposed to make […]
U.S. Dalrada Financial Corporation, a leader in climate technology, clean energy, and precision manufacturing, has announced the setting up of a subsidiary in the Moroccan city of Fez. The new entity will focus on providing installation and ongoing support services for Dalrada’s range of high-efficiency commercial heat pumps to countries within the MENA region Dalrada […]
Egypt Wednesday August 30 accorded South Korean tech giant Samsung a golden license to set up a mobile phone plant to produce, after the North African provided the firm another permit to manufacture tablets for educational use. The future factory, 6,000 square meters, is expected to generate 768 direct and indirect jobs and located in […]
As many as 50 African States have sent officials to the third China-Africa Peace and Security Forum taking place in Beijing as part of China’s security cooperation with Africa. An alternative to the US presence in the continent and European influence. Chinese authorities placed the event under the theme: “Implementing the Global Security Initiative [GSI] […]
Morocco succeeded in connecting the water-rich Sebou basin with a dam in the Bouregreg basin that supplies Rabat and Casablanca. The project is planned to carry surplus water from Sebou basin all the way to the region of Marrakech in response to water scarcity and repetitive drought that emptied reservoirs. The waterway will help save […]
Faman Toure, the outgoing chairman of Côte d’Ivoire’s Chamber of commerce and industry (CCI-CI), won Monday August 28 another six-year term in the position. Toure’s team known as “Ensemble pour une Chambre forte” [Together for a stronger Chamber] clinched 84 per cent of votes during a congress held in Yamoussokro. He won over rival Boni […]
China has added three new areas for investment to its Belt and Road Initiative (BRI) focusing on the African continent where it has spent billions of dollars in infrastructure. The new areas are namely industrialization, increase in agriculture investment and talent development. President Xi Jinping launched the three-pronged plan during a China-Africa leaders’ roundtable meeting […]
The Chinese Tinci Materials facility in Morocco whose construction was announced end of June this year will produce 100,000 tons of Lithium hexafluorophosphate and electrolytes. The manufactured materials are intended for electric vehicles in the European market, the European Union (EU) having announced a ban on the sale of internal combustion vehicles by 2035, reported […]
Morocco is one of three African countries driving expansion in private, commercial, and military aviation, presenting lucrative opportunities on a global scale, according to a Forbes report released on Friday. Africa’s aviation industry is experiencing significant growth, with Morocco, Nigeria, and South Africa at the forefront of this upward trajectory, the report says. Morocco’s aviation […]
South Korea is planning to sign Free Trade Agreements (FTAs) with seven emerging countries, including Morocco, to boost growth momentum and diversify its trade portfolio. The announcement was made Friday by the South Korean Ministry of Trade, Industry and Energy, which affirmed that Seoul is planning to ink FTAs with Morocco, Kenya, Tanzania, Thailand, Pakistan, […]