First Independent Mena Newspaper
The number of registered business projects in Tanzania increased by 128% in February, highlighting the success of the government’s pro-business stance that is sending a positive message to prospective investors. The 7,370 jobs expected from the new projects in February represent a 493% increase over those created by projects registered a year ago, according to […]
The Ugandan government has announced its plan to construct the country’s 1st — and likely Africa’s 3rd — nuclear facility, the Buyende Nuclear Power Plant, in collaboration with China National Nuclear Corporation (CNNC) that would assist Uganda in developing capabilities for peaceful use of atomic energy. Currently in Africa, only South Africa has an active […]
Microsoft, through its Africa Transformation Office, and Morocco’s OCP Africa announced at the 5th United Nations Conference on the Least Developed Countries (LDC5), held in Doha, March 5-9, a partnership to support smallholder farmers and other stakeholders across Africa by 2025. OCP Africa, an African company that provides fertilizer solutions tailored to local conditions and […]
In the past few years, Francophone Africa has made huge strides in creating startups, although the startup market on the continent is still dominated by the “Big Four” English-speaking nations. African startups continue to shatter fundraising records, but the majority of investment inflows go into those operating in English-speaking countries Egypt, Kenya, Nigeria, and South […]
Morocco outperformed the rest of the Maghreb ranking first in the Global Soft Power index 2023, a ranking underscoring the country’s efforts to polish its image and expand its influence globally. Soft power refers to a nation’s ability to influence others through non-coercive means, such as culture, values, and foreign policy. Morocco came in the […]
The British Foreign ministry announced Thursday the second edition of the UK-Africa investment summit will be held in London in April 2024 as the European country seeks to increase trade with the African continent. The UK Prime Minister Rishi Sunak will host the major UK-Africa conference on 23-24 April 2024, as London tries to flesh […]
The African Development Bank AfDB ranked Morocco the second largest industrial country in the African continent with a narrow margin behind South Africa. Moroccan industrial exports accounted for 21% of Africa’s manufactured exports, widening the gaps with North African peers such as Egypt and Tunisia. Morocco has developed in the previous decade the industrial acceleration […]
Thanks to its sound economic and financial fundamentals, Morocco has fostered its attractiveness to foreign investors, while receiving preferential terms from international financial organizations. Within a month, Morocco’s reforms earned it an exit from the grey list of the Global financial crime watchdog, the Financial Action Task Force. Few days later, Morocco scored another financial […]
Hundreds of Sub Saharans have called for the boycott of Tunisian products in reaction to treatment of Sub Saharan migrants in the North African country following racial statement made by leader Kais Saied. Several people from Sub-Saharan countries took to social media for the boycott with some hashtag calling to boycott Tunisian goods and products. […]
While Europe holds the crown for investment migration programs in 2023, a growing number of African states is joining the fray, looking to attract high-net-worth individuals by offering residence and citizenship through investment programs. Migration investment programs allow people to purchase citizenship or residency in exchange for an investment in a country. African economies looking […]