First Independent Mena Newspaper
While the ability to export products or import inputs efficiently will be key to helping African countries engage more comprehensively with global trade, a new World Bank report finds that even many African countries with major sea ports can still take longer delays than the average European or North American country. As African countries heavily […]
Morocco and the United the Kingdom are strengthening their economic partnership, trade exchanges and political dialogue to counter common international challenges. Total trade in goods and services (exports plus imports) between the UK and Morocco reached £3.1 billion in 2022, an increase of 49.8% or £1.0 billion recorded in 2021. The two countries are determined […]
Morocco’s Permanent Representative to the United Nations, Omar Hilale, has been appointed co-chair of the new Science, Technology, and Innovation Coalition for Africa (STI). Launched on Tuesday in New York by South Africa as part of Africa Day held on the sidelines of the United Nations ECOSOC’s Science and Technology Forum, the Coalition is also […]
German Chancellor Olaf Scholz heads Thursday May 4 to Ethiopia and Kenya, where talks will focus on reaffirming strategic alliances in the region, though the Sudan crisis is likely to dominate the talks. While Germany has been one of the biggest financial supporters of Ethiopia, the Tigray conflict significantly strained Addis Ababa’s relations with Berlin. […]
Moroccan National Tourism Office (ONMT) has partnered with Emirates Airline Company to boost inbound tourism in the North African Kingdom with campaigns promoting the country as tourist destination across the airline’s vast networks and source markets. An agreement was inked by ONMT General Director, Adel El Fakir, and Emirates’ chief of Commercial Operations for Africa, […]
Royal Air Maroc has resumed direct flights between Casablanca and Moscow, after more than a year of absence from the Russian travel market. The announcement was made Tuesday by several Russian news outlets and travel agents association. The non-stop flights will operate twice a week on Wednesdays and Fridays from Moscow to Casablanca and on […]
Europe is increasingly turning to Africa to find alternatives for Russian energy supplies it has shunned since the start of the war with Ukraine, while the United States, China and Russia are racing for economic influence on the continent. These four global powers are in a race to win over Africa, the continent’s market of […]
Commitments for Private Participation in Infrastructure (PPI) across 263 projects in Africa were worth $91.7 billion in 2022, a 23% increase from 2021, according to the World Bank’s latest data projection on investments, which demonstrates that infrastructure investments in low- and middle-income countries have started to recover. But in terms of “the total number of […]
Sales abroad by all segments of the automotive sector gained traction in the first quarter this year becoming Morocco’s top exporting sector again ahead of phosphates’ sales which topped exports last year. Morocco is home to two large plants by Stellantis and Renault as well as an automotive ecosystem exporting wire harness and interior parts […]
Officials from the Casablanca Stock exchange held meetings with investors in London to showcase the competitive advantages it offers as well as Morocco’s business climate. The bourse has a pivotal role to play in funding Moroccan enterprises and it is set to attract more companies seeking better financing opportunities, including SMEs, Casablanca Stock Exchange head […]