First Independent Mena Newspaper
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 […]
Spain reiterated its support for Morocco’s autonomy initiative as the most serious, credible and realistic solution to end the regional conflict in the Sahara territory. This reaffirmation came in a joint declaration issued at the end of the 12 Moroccan-Spanish high-level joint committee. The two countries signed 20 cooperation deals and a Spanish credit line […]
Morocco and Spain signed 20 cooperation deals as they look towards a closer economic alliance after improved ties. The deals were signed at the end of the 12 high-level joint committee co-chaired by head of the Moroccan government Aziz Akhannouch and his Spanish peer Pedro Sanchez. The cooperation deals cover migration, employment, vocational training, infrastructure, […]
Angola, Zambia and Democratic Republic of Congo (DRC) have agreed to establish a new agency that will oversee the development and joint management of a trade corridor to and from the Atlantic Ocean port of Lobito, which could mean lost business for South African ports. The Lobito Corridor Management Institution will facilitate trade from Zambia […]
The Economic Commission for Africa (ECA) and Afreximbank have announced the development of the African Trade Exchange Platform (ATEX), a digital business-to-business (B2B) and business-to-government (B2G) tool to help boost intra-African trade under the African Continental Free Trade Area (AfCFTA). A statement by the ECA on Friday (27 January) also noted that the ATEX platform […]