First Independent Mena Newspaper
Participants at first “Invest in Senegal Forum” held July 6-8 have pledged €10.7 billion investments in the West African country. The amounts were disclosed by Prime Minister Amadou Ba at a meeting with the media to present a report on the event seeking the development of local and regional markets. Close to 3,500 delegates among […]
French Alstom group will invest over $16 million on a second rail plant in Morocco which is developing its rail industrial ecosystem with its local expertise to meet its mobility and transportation needs. The 2nd plant will make driving cabs for regional and underground railway trains, said Alstom in a press release issued Thursday. In […]
Morocco and the European Union (EU) have announced, on Thursday in Brussels, that they will continue scientific cooperation with the “common objective of ensuring the sustainability” of fisheries resources in the region. “Morocco and the EU have taken note of the recommendations contained in the report of the Joint Scientific Committee, which met last June. […]
The European Union (EU) has reaffirmed the “utmost importance” it attaches to its fisheries partnership with Morocco and the “essential interest” it has in its continuation, in a “spirit of trust, solidarity and mutual interest.” Relations with Morocco in the field of fisheries “are part of a global and mutually beneficial partnership, which makes Morocco […]
Yara International ASA, a global leader in plant nutrition headquartered in Oslo, Norway, announced its withdrawal from Cameroon following a deal to sell its majority stake in Yara Cameroon to NJS Group, a minority shareholder and longstanding partner. Per the deal, NJS Group takes over the 65% stake held by Yara International France in the […]
Egypt is the continent’s new leader in the total equity funding raised by start-ups in Africa from June 2022 to June 2023, overtaking Nigeria, according to London-based African Private Equity and Venture Capital Association (AVCA). Per AVCA data, startups in the North African country raised $540 from June 2022 to July 2023. The amounts represent […]
The African countries bordering the Atlantic Ocean have agreed in Morocco to enhance their partnership and integration for shared peace, stability, and shared prosperity. At the end of their 3rd ministerial meeting held Wednesday in Rabat, these countries adopted an action plan conducive to integration and co-development in African-Atlantic region. To achieve the sought goals, […]
Morocco will assess its fisheries deal with the EU and act accordingly, in line with the vision and foreign policy outlined by King Mohammed VI which favors partnerships “with a clearer added value,” foreign minister Nasser Bourita said. A fisheries protocol between Morocco and the EU expires in July 17 and a Moroccan-EU committee will […]
Moroccan flag carrier RAM plans to increase its fleet fourfold from 50 aircrafts to 200 by 2037 as the country prepares to host 67 million tourists, the Prime minister’s office said. A contract, signed Tuesday, covers the 2023-2037 period providing for an increase in the state’s contribution in RAM’s capital, the prime minister’s office said. […]
Morocco’s economy is expected to grow 3.6% amid a recovery in foreign and domestic demand and assumptions of an average farm output as well as a drop in prices of commodities in global markets, the planning agency HCP said. This year, however, economic growth would stand at 3.3% after a below-average cereals harvest of 5.51 […]