First Independent Mena Newspaper
A high-level delegation from Morocco’s General Confederation of Enterprises (CGEM) is currently undertaking a strategic mission to Seoul, aiming to strengthen bilateral economic relations and identify new cooperation opportunities with South Korean businesses across multiple industrial sectors. Led by CGEM President Chakib Alj, the delegation comprises companies operating in automotive, plastics, chemical and parachemical industries, […]
Morocco’s national railway operator, Office National des Chemins de Fer (ONCF), has awarded Italian engineering company SITE two contracts worth over €140 million for the new high-speed rail line linking Kénitra to Marrakech. SITE will provide telecom, power, and cybersecurity systems for the 400-km Kénitra–Marrakech line ahead of 2030 FIFA World Cup organized by Morocco, […]
French President Emmanuel Macron on Monday hailed the “strong and clear” commitment of King Mohammed VI of Morocco to developing a blue economy in Africa, during the opening of the “Africa for the Ocean” summit, which he co-chaired with Princess Lalla Hasnaa. The summit, held in Nice as part of the 2025 United Nations Ocean […]
The city of Benguerir is redefining urban development in Morocco through an integrated approach combining technological innovation, social inclusion, and ecological commitment, establishing itself as Africa’s premier smart city testing ground. Breaking from traditional urban expansion models, Benguerir embodies a renewed vision built on three fundamental pillars: innovation, territorial intelligence, and sustainable development. This approach […]
The planned continental tunnel project connecting Spain and Morocco beneath the strait of Gibraltar has inspired American entrepreneur Elon Musk, who aims to develop a similar initiative in the United Arab Emirates called the “Dubai Loop.” According to Spanish media, Musk’s “Dubai Loop” project resembles the tunnel Spain and Morocco plan to build in the […]
Morocco has advocated a strategic rethink of Africa’s maritime role, built around three key pillars, namely blue growth; stronger South-South cooperation and regional integration around oceanic spaces; and maritime effectiveness through Atlantic synergies. This came in a message King Mohammed VI addressed on Monday to the participants in the “Africa for the Ocean” Summit, co-chaired […]
Bank of Africa has unveiled a comprehensive campaign to strengthen its position as the primary financial partner for Moroccan entrepreneurs, aligning with national efforts to revitalize the country’s small business sector and entrepreneurial ecosystem. The initiative responds to coordinated government programs led by Bank Al-Maghrib, Regional Investment Centers, and the Employment Ministry, all aimed at […]
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 […]