First Independent Mena Newspaper
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 […]
Cambodia expressed, Monday from Rabat, its full support to Morocco’s sovereignty and territorial integrity as well as its respect to the Kingdom’s efforts to reach a negotiated political solution to the Sahara issue. This position was expressed in a joint statement issued after talks between Cambodian Deputy PM and Minister of Foreign Affairs, Prak Sokhonn, […]
Morocco has imported more soft wheat from the EU following a drought that compromised the country’s harvest last year. The North African country is planning an additional purchase of 1.5 million tons in the March-May period, Reuters reported. Revived black sea competition have helped push down prices although these remain still higher compared to the […]
A delegation of the General Confederation of Moroccan Enterprises (CGEM), led by its president, Chakib Alj, conducted, March 21 to 24, a working mission in Switzerland to explore ways to strengthen trade and investment links between Morocco and the Swiss Confederation. During this visit, the delegation held a series of meetings with representatives of various […]
Morocco’s flag carrier Royal Air Maroc (RAM) announced, Monday, that it will deploy an exceptional flight program during the summer season, with an offer of 6.2 million seats on more than 90 destinations. “On the eve of a summer season that promises to be exceptional, Royal Air Maroc is deploying a reinforced flight program on […]
China’s investment in Tanzania has hit a record $1.8 billion since President Xi Jinping’s visit in the East African country 10 years ago, while bilateral trade between China and Nigeria has taken dip by about a third in 2022 compared to 2021. China’s direct investment stock in Tanzania is 2.5 times that of 2012, according […]
Morocco resumed the exports of tomatoes capped at 1000 tons daily, professionals said, after a ban that lasted weeks. Morocco had banned exports of tomatoes to African markets and reduced shipments to Europe after prices surged to unprecedented levels. The government spokesman Mustapha Baitas had said that the measures were aimed at reducing prices in […]