First Independent Mena Newspaper
Morocco’s parliament validated the 2026 Finance Bill on Friday, December 5, just 47 days after government submission on October 20. The Chamber of Representatives approved the legislation in second reading following Thursday’s green light from the Chamber of Advisors, completing an expedited budget marathon. The rapid adoption enables the current governing majority to implement major […]
Moroccan OCP Group and UN Industrial Development Organization (UNIDO) have joined forces to advance agricultural transformation, low-carbon industrial development, digital innovation and skills development across Africa and globally. The two partners have signed a 5-year renewable agreement to establish strategic cooperation in plant nutrition and inclusive and sustainable industrial development. They pledged to strengthen integrated […]
Morocco’s industrial and construction sectors displayed overall recovery during the third quarter of 2025 despite marked disparities across branches, with generally favorable prospects for the fourth quarter, according to the High Commission for Planning’s latest economic outlook. Manufacturing production advanced during the third quarter, driven by chemical industry, food industry, and non-metallic mineral products manufacturing. […]
The African Development Bank Group board of directors approved Wednesday a 450 million euro non-sovereign partial credit guarantee benefiting the Phosphates Office Group. This financing instrument, deployed in Morocco for the first time, aims to enable OCP Group to mobilize loans up to 530 million euros from international financial institutions aligned with its green financing […]
The African Development Bank Group board of directors approved Wednesday a 450 million euro non-sovereign partial credit guarantee benefiting the Phosphates Office Group. This financing instrument, deployed in Morocco for the first time, aims to enable OCP Group to mobilize loans up to 530 million euros from international financial institutions aligned with its green financing […]
Africa needs developing industrial processing capacity to tap into its strategic mineral reserves, the African Development Bank (AfDB) said. In a detailed report dubbed, A Dozen Critical Minerals for Africa’s Inclusive Growth and Development, the development bank revealed stark imbalances. Despite 29% of global bauxite reserves, 64% of manganese, and 70% of cobalt production, Africa […]
“Marsa Maroc group” is the 4th largest container port terminal operator in Africa, according to “Global Container Terminal Operators” report 2024 issued by British Drewry maritime research consultancy. The Moroccan group has been recognized among the “Big Four” in Africa for the second consecutive time thanks to its sustained performance amid regional competition, confirming the […]
Morocco received 18 million tourists during the first eleven months of 2025, a historic level that already surpasses the entire 2024 total with over 600,000 additional visitors, according to the Ministry of Tourism. This exceptional performance confirms sector momentum, representing 13.5 percent growth compared to the same period last year. The ministry emphasized that this […]
Morocco has positioned football at the center of its economic development strategy, preparing to host the 2025 Africa Cup of Nations and co-organize the 2030 World Cup with Portugal and Spain. The kingdom’s sporting achievements include reaching World Cup semi-finals as the first African nation and capturing the under-20 world championship title. Geopolitics of sport […]
Algeria’s President Tebboune has sought to play down the dire financial and monetary conditions in the country as the currency plunged to a historic low, trading at 290 dinars per euro on the informal market. This collapse signals a deeper structural crisis in an economy crippled by hydrocarbon dependency, corruption, and chronic mismanagement. The dinar’s […]