First Independent Mena Newspaper
Global spending on energy is expected to reach $3.3 trillion in 2025, marking an all-time high, according to the World Energy Investment 2025 report released earlier this week by the International Energy Agency (IEA). This figure represents a 10% rise compared to 2024. Out of this total, around $2.2 trillion, or 67%, will go toward […]
The Africa Finance Corporation (AFC) has called on African governments to tap into over $4 trillion in untapped domestic capital to bridge the continent’s widening infrastructure gap. In its 2025 State of Africa’s Infrastructure report, the AFC emphasized that pension funds, sovereign wealth funds, commercial banks, and reserves collectively hold the capital needed to transform […]
Morocco’s domestic demand jumped 5.8% in 2024, accelerating from 4.9% in 2023, contributing 6.3 percentage points to GDP growth compared to 5.4 points the previous year, according to provisional national accounts data from the High Commission for Planning (HCP). Household consumption expenditures, including non-profit institutions serving households, increased 3.4%, contributing 2.1 percentage points to economic […]
In a bold financial maneuver, Libya’s eastern-based authorities have fast-tracked the approval of a $12.7 billion infrastructure budget—framed as a national development drive, but widely viewed by analysts as a calculated step to consolidate control over oil revenue streams. Overseen by Belgassim Haftar, son of military strongman Khalifa Haftar, the Development and Reconstruction Fund is […]
The Moroccan economy is expected to remain solid in 2025 and 2026, as weather conditions alleviate the drought that severely affected the agricultural sector in 2023 and 2024, according to the forecast of the Organisation for Economic Co-operation and Development (OECD). The country’s GDP is projected to reach 3.8% in both 2025 and 2026, driven […]
Ghana has become the latest state to back the Moroccan autonomy plan as the sole solution to the Sahara issue, in a move that will reverberate across Africa. The position was expressed in a joint statement following talks in Rabat Thursday between Ghana’s foreign minister Samuel Okudzeto Ablakwa and Moroccan peer Nasser Bourita. Ghana “considers […]
Canadian Company, Steadright Critical Minerals, announced on Thursday that a MOU has been signed with the shareholders of NSM Capital, a Moroccan company, that controls 160 sq. km’s of contiguous mineral exploration licenses that contain highly prospective Titanium Dioxide (TiO2) which is classified as a Critical & Strategic Mineral in the U.S., Canada, Europe, and […]
Morocco and Pakistan are looking forward to strengthening further cooperation ties in defense industry, technology, and military training as the North African Kingdom is developing its military industry clusters building on its success in the automotive and aeronautics sectors. According to press reports, Rabat and Islamabad are working on a cooperation agreement in military manufacturing, […]
The Moroccan Confederation of Industrial Pelagic Fishing Shipowners (COMAIP) and Mauritania’s National Fisheries Federation (FNP) have adopted a groundbreaking joint declaration establishing coordinated management of Atlantic African coastal fishery resources, particularly small pelagic species. Following two days of negotiations in Dakhla (June 2-3), both parties achieved a shared vision grounded in United Nations Convention on […]
Moroccan manufacturers are approaching the second quarter of 2025 with renewed optimism, anticipating production increases across key sectors including automotive, chemicals, food processing, and non-metallic mineral products, according to the latest economic survey of the High Commission for Planning. The positive outlook emerges despite persistent challenges, with 37% of manufacturing companies reporting first-quarter difficulties obtaining […]