First Independent Mena Newspaper
Moroccan electric mobility startup GoSwap has secured $2.1 million seed funding, from Azur Innovation Fund, to expand its battery-swapping network for electric scooters across major Moroccan cities, according to local press. The company offers users of electric scooters the possibility of exchanging depleted batteries for charged ones for $2.6 to $3 per 100 kilometres. GoSwap […]
Standard & Poor’s has downgraded again the credit rating of Senegal from B- to CCC+, deepening the country’s position in junk territory amid the $ 7 billion hidden debt scandal and the $ 747 million borrowed secretly by Dakar through Total Return Swaps (TRS) to keep up appearance and hide its alarming financial situation. The […]
The Central Bank of Libya has announced plans to inject $2.5 billion into the financial system starting April 1, 2026, to clear outstanding requests linked to letters of credit and personal foreign currency allocations. The intervention is expected to address a backlog of pending transactions while supporting commercial banks in meeting customer demand for foreign […]
Morocco is planning to set up a market for non-performing loans (NPLs) offering the possibility of buying and selling of unpaid loans beyond set deadline. Banks can sell NPLs to reduce risk, free up capital, and maintain profitability, while investors seek to profit by restructuring or recovering value. Morocco’s Central bank, Bank Al-Maghrib, has been […]
Noussair Mazraoui, who plays as a defender for British Premier League club Manchester United and the Atlas Lions, has become a strategic partner with US-based Islamic fintech company Wahed. The announcement has been made by Wahed which has already built a unique ambassador family that brings together global sports icons such as Khabib Nurmagomedov, Paul […]
Senegal, which is reeling under serious economic crisis, has secretly borrowed € 650 million from Africa Finance Corporation (AFC) and First Abu Dhabi Bank (FAB) in bid to avoid default. But concealing public debt and internal financial fragility from investors, partners, public opinion or regional rivals undermines the country’s credibility. The hidden debt scandal of […]
The Mauritanian Investment Promotion Agency, in collaboration with the African Development Bank, convened, on March 25, 2026, a high-level workshop in Nouakchott to review financing mechanisms aimed at supporting private sector projects. The initiative forms part of broader efforts to strengthen cooperation between regional financial institutions and domestic economic actors, with a view to stimulating […]
Morocco’s main ports operator, Marsa Maroc Group, has unveiled a $2.1 billion investment program over 2025-2030 period to strengthen the group’s regional leadership. The investment roadmap was approved by the company’s board of directors during its latest meeting convened to endorse the 2025 financial statements. Consolidated revenue of Marsa Maroc increased from $500 million recorded […]
Morocco’s economic growth is expected to reach 4.4 percent in 2026 and 4.5 percent in 2027, supported by strong agriculture output and public infrastructure investment, according to IMF report released Monday after completing the Mid-Term Review under the Flexible Credit Line Arrangement (FCL). The scaling up of public investment in the country offers opportunities for […]
Once regarded as a secondary byproduct of financial transactions, market data has emerged as a cornerstone of the Casablanca Stock Exchange’s competitiveness, credibility, and appeal to international investors. As algorithmic and quantitative trading increasingly defines global financial markets, the quality, speed, and standardization of data infrastructure has become as decisive as the fundamentals of the […]