First Independent Mena Newspaper
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 […]
Emirati Invictus Investment Company has announced plans to invest over $272 million on its expansion into North and East Africa with a focus on Morocco thanks to its political stability, geostrategic position, incentives to investors and competitive economy. In a press release issued Monday, the Dubai-based company said the expansion will be made through acquisitions […]
Korea has launched on Monday a K-Rice project aiming to provide small farmers in Africa with resilient rice varieties that can withstand adverse climate conditions, ensuring improved yields and food security. By establishing the so-called “K-Rice Belt” across eight countries in Africa, the Korean government aims to advance current official development assistance (ODA) programs to […]
A majority of Africans believe that corruption increased drastically in their countries between 2021 and 2022, according to a latest survey conducted by Afrobarometer, that also highlighted the fact that an even larger proportion of the respondents feared retaliation should they report corrupt acts to the authorities. According to the Afrobarometer’s survey, in as many […]
President of the Spanish Government Pedro Sánchez has reaffirmed the “solid ties” existing between Rabat and Madrid, and hailed the “dynamic cooperation” and “strategic partnership” between the two kingdoms. “In the context of Spain’s foreign policy, we have strong ties with Morocco of all kinds, but above all human ties created by our citizens and […]