First Independent Mena Newspaper
Morocco lifted entry restrictions imposed on travelers coming from China as of April 5, 2023, the Chinese Embassy in Rabat said in a statement released this Friday. In January and in view of the massive surge in Covid-19 cases in the Asian country, Morocco announced that only passengers who leave the People’s Republic of China […]
One of the most striking differences between the approaches by the European Union and the United Kingdom to negotiating trade deals with Africa is the extensiveness with which the EU negotiates these trade agreements, while the UK’s approach, in contrast, is to try to sign deals as quickly as possible, says a new report by […]
A new report by World Bank has highlighted the underperformance of Egypt, Nigeria, South Africa and other African big economies, saying they are slowing down the continent’s economic growth. In its Africa Pulse report, the Washington-based bank expresses its concern that Sub-Saharan Africa could be facing a “lost decade” of slow economic growth and high […]
The UN Economic and Social Council on Wednesday re-elected Morocco, by acclamation, as a member of the Commission on Narcotic Drugs, the UN’s central decision-making body on drugs. The Kingdom, which currently sits on this Commission, whose work is held in Vienna, was re-elected on behalf of the Group of African States, for a term […]
Morocco’s gigafactory ecosystem is taking form. South Korean LG Energy Solution Ltd, the world’s 2nd-largest battery maker for electric vehicles, turned to Morocco to secure lithium supplies through an association with Chinese Yahua. On Wednesday, LG Energy Solution Company signed a Memorandum of Understanding with lithium compound manufacturer Yahua to produce lithium hydroxide in the […]
Africa’s travel market is open again and experiencing a boom, despite the serious damage the industry sustained due to the Covid-19 pandemic — this is a sentiment expressed by an estimated 600 exhibitors at the World Travel Market (WTM) Africa, the continent’s biggest and most important travel and tourism event that has officially opened its […]
The Economic Community of West African States (ECOWAS) has teamed up with the European Union and the Food and Agriculture Organisation (FAO) with the aim to boost fishery production across the West Africa region. The ECOWAS has recently convened more than 100 experts in a meeting tagged ‘Improved Regional Fisheries Governance in Western Africa (PESCAO)’ […]
Kenya is considering tax reforms, including possible tax breaks, to entice hesitant US and EU investors after Washington complained that corruption and a lack of transparency in tax policy inhibited investment in the East African country. Nairobi is exploring various tax incentives to reluctant Western investors and it also threw out the red carpet for […]
The World Bank has approved a third Development Policy Financing (DPF) of $450 million for Morocco to enable the country advance financial and digital inclusion, key enablers in reducing poverty and boosting shared prosperity This third financing was announced end of March. It is “in line with the recommendations of the New Development Model (NDM), […]
The International Monetary Fund (IMF) decided on Monday to provide a $5 billion precautionary flexible credit line (FCL) to Morocco to enhance the country’s external buffers, and support its economic resilience and structural reforms. Ms. Antoinette Sayeh, IMF Deputy Managing Director, said : “Morocco’s very strong macroeconomic policies and institutional framework have allowed its economy […]