First Independent Mena Newspaper
Morocco plans to increase the budget for health, education and social safety nets next year but expects the budget deficit to be reduced thanks to an increase in tax revenue, reads the 2023 draft budget. The budget plans to increase in the next four years taxes on companies exceeding 100 million dirhams in annual profits. […]
The United Nations agency for Palestinian refugees (UNRWA) appealed Friday for $13 million in funding to support Palestinians in Lebanon, as the country reels from an unprecedented economic crisis. “Palestine refugees, living in overcrowded camps… are at the end of their rope,” UNRWA chief Philippe Lazzarini said in a statement, adding that “almost every Palestinian […]
Morocco’s OCP has donated Senegal 25,000 tons of phosphate products for the benefit of Senegalese small farmers. The products were handed over, Thursday in Diamniadio, 30 km from Dakar, at a ceremony attended by the Senegalese Minister of Agriculture, Rural Equipment and Food Sovereignty, Aly Ngouille Ndiaye, Director of OCP’s subsidiary in West Africa, Mohamed […]
Morocco and Germany have agreed on a €242 million cooperation program to be carried out in 2023, focusing on green energy, sustainable economy, employment and reforms. The joint program has been unveiled following talks held Oct.18-19 in Berlin between the two countries which turned a new page in their relations after resolving their diplomatic row […]
The European Investment Bank (EIB) has pledged to guarantee loans extended to Moroccan exporting SMEs operating in the automotive, textile, agro-industry and agricultural sectors. An agreement was signed Wednesday in Casablanca with Morocco’s Banque Centrale Populaire (BCP) to enable SMEs to get funding to modernize their operations, reduce CO2 emissions, expand working site, and increase […]
Kenya wants to renegotiate a multibillion-dollar loan from China that was used to build a major railway because though the country is up to date on its payments, it cannot continue with the current 20-year schedule. Answering questions from a parliamentary committee, Kenya’s incoming transport minister, Kipchumba Murkomen, said the country will have to ask […]
The United States has pledged to disburse additional $44 million to Niger to help the West African country address food insecurity. The announcement was made by Victoria Jane Nuland, the Under Secretary of State for Political Affairs, following a meeting with President Mohamed Bazoum in a capital Niamey on Wednesday. “I had a rewarding conversation […]
King Mohammed VI has appointed Mohamed Benchaaboun as head of the Mohammed VI Investment Fund, at a time Morocco assigns particular importance to spurring private investment. The appointment was announced during the meeting of the Council of Ministers, held Tuesday in rabat, under the chairmanship of the sovereign, who has set the target of attracting […]
Ghana’s cedi slumped over the last three days to become the world’s worst-performing currency this year as investors continued to squeeze foreign capital into the West African country. The currency of the world’s second-biggest cocoa producer depreciated as much as 3.3%, which took its losses this year to more than 45%, the most among 148 […]
The ministerial council chaired by King Mohammed VI has approved a draft budget that aims at fostering the pillars of the welfare state by focusing on the generalization of social protection, upgrading the education system, improving access to social housing and protecting vulnerable groups. The draft budget expects a growth rate of 4% and a […]