First Independent Mena Newspaper
African governments will need to ramp up investments in digitization, infrastructure, service industry and also to develop talent, and to foster regional collaboration, as a way to improve and increase the productivity of all sectors, which will in turn power Africa’s economic growth going forward, according to a new report by the McKinsey Global Institute […]
Morocco’s Mohammed VI Investment Fund and the International Finance Corporation (IFC), a member of the World Bank Group, signed a partnership agreement on Tuesday to identify and finance sustainable infrastructure projects in the North African country. The agreement aims to support high-impact infrastructure projects in strategic sectors such as renewable energy, water, transport and logistics, […]
U.S. billionaire and politician Michael Bloomberg has expressed his gratitude to King Mohammed VI for hosting and supporting the first Bloomberg New Economy Gateway Africa conference which opened Tuesday in Marrakesh to discuss the continent’s infrastructure potential, clean energy, and healthcare challenges. “Welcome to Marrakesh and to our first Bloomberg New Economy Gateway Africa,” said […]
Morocco’s tourism sector is showing strong recovery with 5.1 million arrivals in the first five months this year, auguring well for the country’s inflow of hard currency. Arrivals until May are in fact 20% higher than the same period in 2019, the reference pre-covid year. Arrivals in May alone were 55% higher with 1.1 million […]
The first phase of Morocco’s waterway, connecting the water-rich Sebou Basin with the drought-hit Oum Rbia area, will be operational this summer to ensure steady supply to some 12 million people, Morocco’s water minister said. Speaking to MPs, minister Nizar Baraka said at a first phase, water will be channeled through 67km from Sebou basin […]
The institutional twinning program between Morocco and the European Union (EU), aimed at “supporting the strengthening of governance and the deployment of innovative initiatives in favor of youth inclusion in Morocco”, was launched on Monday in Rabat. The twinning was jointly launched by the Minister of Youth, Mohamed Mehdi Bensaid, and the EU Ambassador to […]
The political and economic crisis is worsening in Kais Saied’s Tunisia. The uncertainties and fears over the collapse of this country has pushed Fitch agency to downgrade its Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC-‘ from ‘CCC+’. The downgrade of Tunisia’s IDRs, which is becoming a failed state, comes after failure of Tunisia’s authorities […]
Africa needs to establish a unified market for air transport to boost tourism and trade in the continent, according to a senior official of the Common Market for Eastern and Southern Africa (COMESA). Speaking during a recent workshop hosted in Egypt, Adikiny Olwenge, team leader at COMESA’s SATSD program, advocated for the development of an […]
A new study showed that Morocco has 689 football players in different championships abroad, 88% of them in Europe. The study, conducted by the Moroccan football federation, FRMF, and the council for the Moroccan community abroad, CCME, was unveiled at a ceremony attended by national squad coach Walid Regrarui, and players of the national team. […]
Sub-Saharan Africa is well on its way to reach 87% smartphone adoption by 2030, driven by falling prices and digital-native users, says a recent report, that also projects that the region will likely witness a surge in smartphone adoption and the rise of 5G technology. In an era characterized by technological advancements, the mobile market […]