First Independent Mena Newspaper
Egypt’s Prime Minister Mostafa Madbouly has announced the government’s intention to unveil the plan for offering state-run companies on the Egyptian Exchange (EGX) in 2023 within two weeks. Madbouly, Asharq business reports, indicated that the Cabinet would soon reveal the names of the companies to be offered on EGX throughout 2023. Egypt has been planning […]
Africa is “less safe, secure and democratic” than it was 10 years ago, says a new report on African governance released by the Mo Ibrahim Foundation on Wednesday, January 25, citing a surge in military coups and armed conflicts. The democratic backsliding now threatens to reverse decades of progress made in Africa, according to an […]
Viajar magazine, one of the prestigious Spanish magazines specialized in tourism and travel, has designated Morocco as the “best emerging sustainable destination for the year 2022-2023″. The award was presented by the magazine’s director Josep Palau to Director General of the Moroccan National Tourist Office, Adel El Fakir, at an awarding ceremony held Tuesday in […]
Belgium’s energy firm, John Cockerill, plans to invest in green hydrogen as part of a joint venture in Morocco where they plan to manufacture key equipment to transform electricity into hydrogen at a lower cost, Afrik21 reported. “In Morocco, John Cockerill will manufacture alkaline electrolyzers. This is the most widespread technology for the production of […]
Special economic zones (SEZs) are mushrooming in Africa and while many challenges lay ahead, these zones have shown considerable potential for they can play a tremendous role in the development of the African continent. Policymakers all across Africa have increasingly resorted to SEZs with the aim of turning around their countries’ economic fortunes, as they […]
1337, a coding school founded by Morocco’s state-owned phosphate rock miner, phosphoric acid manufacturer and fertilizer producer OCP Group and located at Université Mohammed VI Polytechnique, ranked 3rd at CodinGame Fall Challenge 2022, a world leading coding contest, held from December 12, 2022 to January 05, 2023. The fee-free school, according to the daily Les […]
Morocco’s agricultural and fisheries exports rose to an unprecedented 8 billion dollars in 2021, up 20% compared with 2022, the agriculture ministry said. This rise was achieved despite a lack of rainfall that affected cereals whose output dropped 67% to 3.4 million tons. Agricultural and fisheries exports now stand in the third position behind phosphates […]
In 2023, some of Africa’s major economies are expected to suffer from the ongoing impacts of the Russia-Ukraine war, runaway food price inflation and the tailwinds of the Covid-19 pandemic that caused enormous economic disruption, but experts say that although these negative factors are likely to spill over into this new year, Kenya and Senegal […]
The European Union’s High Representative for Foreign Affairs and Security Policy, Josep Borrell, has hailed the role played by Morocco in peace and stability in the region as “important”. Speaking at a joint press briefing Thursday in Rabat, after talks with Minister of Foreign Affairs, Nasser Bourita, Josep Borell said the talks focused on “old […]
Morocco’s exports of phosphates and fertilizers as well as the sales of its automotive sector hit a record 20 billion dollars that helped mitigate a surging trade deficit due to higher energy, food and equipment prices. Morocco’s exports of phosphates and derivatives rose 54.8% to 10.3 billion dollars, while the automotive sector’s imports rose 35% […]