First Independent Mena Newspaper
African countries should accelerate inclusive recovery efforts to boost economic growth to eliminate the impact of the shocks caused by Covid-19, the war in Ukraine and climate change, all of which have pushed more people into extreme poverty and have increased inequality worldwide, according to Antonio Pedro, the Executive Secretary of the United Nations Economic […]
Cocoa exporters in Ivory Coast are on the verge of defaulting on their contracts due to a lack of beans and urgently need up to 150,000 tonnes to honor their commitments, according to industry sources. As the world’s top producer heads towards the end of its October-to-March main harvest, cocoa bean supply is tight, with […]
Despite regular warnings by US military commanders about a possible second Chinese military base in Sub-Saharan Africa and rumors about new footholds in countries like Equatorial Guinea, China’s strategic interest in Africa is relatively low, especially when compared with regions like Southeast Asia and the Middle East, according to a new policy brief published by […]
Morocco’s strategic positioning and its involvement in all the dynamics of the Mediterranean region were highlighted in Rome at a meeting attended by economic, political and diplomatic personalities. “Morocco has never ceased to consolidate its anchorage in the Mediterranean, positioning itself as a bridge between Europe and Africa and between East and West,” said Ambassador […]
Nigeria could become biggest oil refiner in the region by 2025, Hawilti, a pan-African investment research firm, has predicted, a prediction that comes as a surprise in light of the west African nation’s longstanding struggle with shortage of petroleum products for its population, Africa’s largest. According to Hawilti’s recent report titled “Refineries watch Q4 2022”, […]
China-Africa digital services hub focused on facilitating trade established in Hunan China’s Hunan province has unveiled a China-Africa Digital Services Hub that focuses on cross-border communications support and data-sharing between Chinese companies working in Africa. The China-Africa economic and trade digitalization service based in Changsha, the provincial capital, aims to support Chinese companies’ trade with […]
Africa holds the key to global food security because it has 60% of the world’s unused arable land, chairman and CEO of Morocco’s OCP Group, Mostafa Terrab, told the Financial Times. The Financial Times pointed out in its Wednesday issue that in the wake of the war in Ukraine and amid fears about the continent’s […]
Italy has become the latest country to join the US-led Mineral Security Partnership (MSP), announced in June last year, whose aim was to add ethical values to the entire critical minerals and batteries value chain. The announcement was made by the US Under Secretary of State for Economic Growth, Energy, and the Environment, Jose Fernandez, […]
Botswana’s government has revised upwards its 2022 economic growth forecast to 6.7% from an earlier estimate of 4.2 per cent, the country’s Finance Minister Peggy Serame said on Monday according to Reuters. Serame, who was speaking during an annual budget speech, argued that the 2022 revision was linked to the diamond-rich southern african country’s strong […]
Morocco and Mauritania have committed to enhance their cooperation in fisheries research under a specific protocol on cooperation actions signed on the sidelines of the 6th edition of the International Fair Halieutis, held in Agadir February 1 to 5. The protocol between the National Institute of Fisheries Research (INRH) of Morocco and the Mauritanian Institute […]