First Independent Mena Newspaper
Morocco has attracted a new American investor, CVG, a global supplier of electrical systems, which will open a facility in Tangier in the third quarter of 2023. In a recent press release, the U.S. group said it will also open another facility in Aldama, Mexico. Both locations are expected to employ approximately 1,000 new employees […]
After Algeria, another failing African economy, Tunisia, said it seeks to join the BRICS, a group of fast growing emerging industrial countries with diversified economies that includes Brazil, Russia, India, China, and South Africa. The announcement was made by a proponent of the Kais Saied authoritarian presidency Mahmoud bin Mabrouk who leads the July 25 […]
Morocco and the World Health Organization (WHO) sealed a cooperation strategy for the period 2023-2027. This strategy outlines the directions of WHO’s technical support in strengthening the health sector in Morocco, and consolidating bilateral collaboration to improve the health and well-being of Moroccan citizens. The strategy, developed by WHO and the Ministry of Health and […]
The Nigerian National Petroleum Corporation (NNPCL) will invest $12.5 billion to secure a 50% stake in the $25 billion Nigeria-Morocco gas pipeline project. This historic project is expected to set a record as the world’s longest offshore gas pipeline, covering some 5,600 km across 11 African countries. NNPCL and Morocco’s National Office of Hydrocarbons and […]
During the ongoing holy month of Ramadan, millions of Muslims around Africa are feeling the pinch of inflation, as food and energy prices have been soaring in the wake of the Russia- Ukraine war and also due to the lingering effects of the Covid-19 pandemic and climate change-related events on the global economy. African countries, […]
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 […]