First Independent Mena Newspaper
China’s Belt and Road investment in sub-Saharan Africa fell to a new low in 2023, which demonstrates that increased EU and US spending could reduce the region’s need to rely on Beijing for funding. China’s investment in the region related to Beijing’s Belt and Road (BRI) initiative, the main pillar of its global infrastructure development […]
The International Criminal Court (ICC) arrest warrant issued for Russian’s Vladimir Putin has put South Africa’s government between a rock and a hard place, as it is now weighing what to do if the Russian president accepts an earlier invitation to attend the August BRICS summit in the country. The Hague-based court issued the arrest […]
The implementation of the African Continental Free Trade Area (AfCFTA) is likely to increase the volume of intra-African trade from the current 16% to over 40% by 2045. However, to reach this goal, African countries should promote the free movement of people across their borders to boost intra-African trade, says Stephen Karingi, director at the […]
Some 174 Nigerian Micro Small and Medium Enterprises (MSMEs) have benefited from a European Union funded facility to produce high-quality Personal Protective Equipment (PPEs) and health-care related products. The MSME companies have been empowered after three years of implementing the EU-funded program which was launched in response to Covid-19 containment measures, aimed to strengthen the […]
Morocco’s migration and asylum policies were welcomed by most speakers at the 36th Committee on the Protection of the Rights of All Migrant Workers and Members of Their Families. On the occasion of the review of the second periodic report on the implementation of the international convention on the subject, the Committee’s rapporteurs interacted with […]
King Mohammed VI has pleaded for a new industrial era that seeks to ensure Morocco’s sovereignty in the sector, enhance its resilience, and increase its competitiveness. In a message addressed to participants in the “First National Industry Day” which kicked off Wednesday in Casablanca, the Sovereign stressed the importance of being “fully prepared to enter […]
The Botswana government announced Monday that it will buy a 24% stake in the Belgian gem trader HB Antwerp, a move that is seen as a possible challenge to De Beers’s dominance of the southern African nation’s diamond industry. “Today is the dawn of a new era of a diamond industry in Botswana as we […]
Morocco phosphates and fertilizers producer OCP posted a record revenue of 11.28 billion dollars in 2022, up 40%, thanks to high prices as well as industrial flexibility, commercial agility, and efforts to reduce production costs. “OCP was able to fully leverage the benefits of higher prices, while calibrating production to match the attendant lower volumes, […]
Morocco and Cambodia signed, in Rabat on Monday, an agreement on air services meant to promote tourism and trade between the two countries. The agreement signing took place during the meeting of visiting Cambodian deputy prime minister and minister of Foreign Affairs Prak Sokhonn with Morocco’s Foreign minister Nasser Bourita. The two officials welcomed the […]
BMCE Capital, the investment banking arm of Bank Of Africa-BMCE Group, has been awarded the prize of the “Best Investment Bank in Morocco in 2023” by the “International Investor Magazine”. This award confirms BMCE Capital’s position in investment banking, both nationally and continentally, and its quest for excellence in the service of its partners and […]