First Independent Mena Newspaper
Sudan’s Government has announced the creation of a banking finance portfolio exceeding 3 trillion Sudanese pounds to support the 2026 summer agricultural season and strengthen the country’s productive sector. Finance Minister Gibril Ibrahim announced the initiative last Week, as farmers face major challenges, including shortages of funding, improved seeds, fertilizers, fuel and rising production costs […]
African countries, facing cuts to traditional aid budgets in major donor countries, are under growing pressure to mobilize more of their own domestic resources to finance their development, the United Nations’ Economic Commission for Africa (UNECA) said. In a recent press release, the UNECA, citing data from the Organization for Economic Co-operation and Development (OECD), […]
Tunisia’s economy has shown signs of recovery after several difficult years, but high public debt, limited access to external financing and persistent structural weaknesses continue to threaten the country’s outlook, the World Bank said. Tunisia’s economy grew by 2.5% in 2025, up from 1.6% a year earlier, driven by a recovery in agriculture and increased […]
User experience, innovation and trust dominated discussions at the second panel of the 7th Moroccan Consumer Day, held Thursday in Casablanca, as industry figures examined the levers most likely to accelerate the adoption of electronic payments across Morocco. The gathering brought together representatives of payment institutions, card infrastructure providers, digital players and academia to assess […]
The Governor of the Central Bank of Libya, Naji Issa, on Thursday, July 9, met with the Chairman and members of a follow-up Committee established by the High Council of State to review the bank’s strategy and performance in recent years. The meeting examined the central Bank’s operations, monetary policy measures and the challenges it […]
The African Development Bank (AfDB) has approved €205 million ($234 million) in financing for Morocco to help extend the country’s high-speed rail network and upgrade infrastructure along one of its busiest transport corridors. The financing is aimed at increasing capacity and improving operational performance on the Kenitra-Marrakech railway corridor, a key route for passenger and […]
A proposal by the Rassemblement national des independants (RNI) to introduce a tax credit of up to 5,000 dirhams per year per child for private school fees has reignited a fundamental debate in Moroccan economic policy: when the state transfers money to consumers, does it strengthen their purchasing power or merely give producers the ability […]
Moroccan remittances from abroad exceeded 122 billion dirhams in 2025 and are projected to approach 128 billion dirhams in 2026, representing close to 8.5 percent of GDP and one of the country’s primary sources of foreign exchange. Yet this formidable financial flow conceals a persistent structural limitation: the vast majority of diaspora funds continue to […]
The International Monetary Fund warned Algeria that its economy is weakening, urging authorities to tighten fiscal policy, avoid printing money to finance government deficits and stand ready to tighten monetary policy if inflation persists. The unusually stark warning came in the IMF’s 2026 Article IV consultation, which said rising oil and gas prices were helping […]
The U.S. Department of Commerce has ordered 72.94 % countervailing duty (CVD) against imports of steel concrete reinforcing bar from Algeria. The new tariffs are enforced as of July 6, 2026, alongside the triple-digit antidumping duties issued earlier this year. The new CVD decision, published in the U.S. Federal Register, comes after the investigations initiated […]