First Independent Mena Newspaper
The recent $14 bln deal between Morocco’s water and electricity provider ONEE and a consortium comprising TAQA Morocco and Nareva, provides for setting up desalination plants across Morocco, in response to the country’s strategy to reduce reliance on dams and groundwater in a context of drought. Under this deal, Morocco will add 900 million cubic […]
The IMF urged African and other emerging economies to develop domestic financial markets to reduce reliance on volatile external borrowing. In its April 2025 Global Financial Stability Report, the IMF warns that high real interest rates globally have made external financing more expensive and less accessible, especially for frontier markets in Africa. Tunisia was identified […]
Morocco’s National Observatory for the Rights of the Child (ONDE) commemorated its 30th anniversary in Rabat Sunday at a ceremony held under the chairmanship of Princess Lalla Meryem, President of the ONDE The celebration of this anniversary reflects the special interest of King Mohammed VI in the cause of children, and his keenness to give […]
Ecuador announced plans to open an embassy in Morocco, which will be Ecuador’s first diplomatic representation in the Maghreb. The announcement was made at a press briefing by Ecuadorian Minister of Foreign Affairs Gabriela Sommerfeld following a meeting Saturday in Quito with his Moroccan peer Nasser Bourita, who represented King Mohammed VI at the official […]
Oil-rich but war-torn Libya is teetering on the edge of a fuel supply crisis, with more than $1 billion in unpaid dues for imported fuel threatening to disrupt deliveries and deepen the country’s economic woes. The state-owned National Oil Corporation (NOC) has warned that international suppliers are growing increasingly reluctant to continue shipments without payment […]
The Central African Republic has joined 33 African nations in adopting the Enhanced General Data Dissemination System (e-GDDS), the IMF’s intermediate standard for harmonizing macroeconomic data publication. This move highlights a critical challenge facing African economies: balancing international transparency requirements with local political constraints. The IMF classifies 52 African countries into three statistical tiers. At […]
Nearly 17,000 Brazilian tourists visited Morocco during the first four months of this year, said Moroccan National Tourism Office (ONMT), noting that this number represents a 48 % increase compared to same period of last year. In April, Brazilian tourist arrival spiked by 41% to reach 4,870 tourists against 3,465 in April 2024. Yet, inbound […]
Morocco has emerged as the world’s third-largest exporter of fresh tomatoes, driven by robust demand from European markets and a strategic shift toward high-value varieties, Morocco’s agri food export agency Foodex said. The North African country now holds an 11% share of the global fresh tomato export market, trailing only Mexico and the Netherlands, according […]
Morocco’s telecommunications regulator ANRT has received formal notification of a groundbreaking infrastructure sharing deal between the country’s two major telecom operators. Itissalat Al-Maghrib (IAM/Maroc Telecom) and Wana Corporate (Inwi) plan to create two joint ventures that could reshape the sector’s competitive landscape. The proposed partnership involves establishing “FiberCo” and “TowerCo,” both equally owned by the […]
Morocco has claimed the top spot as the most cost-effective country for automobile manufacturing, with its labor costs per vehicle, in addition to its modern production facilities, streamlined designs, and reliable supply chains, according to a recent global report by consulting firm Oliver Wyman. The study, which examined over 250 vehicle assembly plants worldwide, found […]