First Independent Mena Newspaper
The African Development Bank Group has approved an additional financing of €57 million for Morocco to help finance the ongoing construction of the Nador West Med port complex. This financing completes a first funding of nearly €113 million, granted by the Bank in 2015, said AfDB in a press release, published on the sidelines of […]
The Algerian government has made much fuss about an incoming investment code which analysts see as a cosmetic measure that fails to address the real issues that make Algeria a very unfriendly foreign investment destination. A copy of the draft of the new code was unveiled last week copying much of a similar code that […]
The World Bank has agreed to provide Morocco a $350 million loan to support its Blue Economy program which will help create job opportunities, support economic growth and enhance food security. Morocco’s Blue Economy program aims to improve the integrated management of natural resources, and strengthen selected sectors for a climate-resilient blue economy in targeted […]
The African Development Bank (AfDB) has released a global aid package of $1.5 billion to prevent a food crisis on the African continent due to the Ukraine-Russia conflict. “This plan of 1.5 billion dollars will be used to help African countries to produce food and to do it quickly,” said AfDB President Akinwumi Adesina, before […]
The Swiss Federal Council is planning to add Morocco to its new list of partner countries in the fight against illicit financial flows and cross-border tax evasion. After approval of the competent authorities, entry into force of the automatic exchange of information on financial accounts (AEOI) is due in 2023. Ecuador, Georgia, Jamaica, Jordan, Kenya, […]
Morocco’s public finances are under unprecedented pressure due to imported inflation and its impact on the cost of state subsidies. But despite the impact of geopolitical tensions on the state budget, the government maintains its expansionary budget which has increased funding for social services. Morocco has adopted an ambitious development model to bolster the competitiveness […]
French Development Agency has pledged to enhance further its partnership with Morocco in its transition to a low-carbon economy based on clean industries in line with the international commitments made by the Kingdom to reduce CO2 emissions responsible for global warming. To help Morocco achieve its decarbonization goals, the French agency chief Rémy Rioux signed […]
The measures taken to end contraband, notably with the two occupied enclaves of Ceuta and Melilla, resulted in additional gains for the customs administration estimated at 4 billion dirhams ($400 million). In its annual report for 2021, the customs administration said Morocco’s crackdown on smuggling was backed by measures to create jobs and curb the […]
Italy has allocated €200 million to Tunisia in the form of loan and grant to support the North African country’s agriculture sector. The head of the Italian Agency for Development Cooperation made the announced Thursday while attending a business and investment forum in the city of Tataouine, Webdo Tunis reports. The support package will be […]
Washington will slash its economic assistance to Tunisia next year over the authoritarian path taken by authorities, said Samantha Power, the Administrator of the United States Agency for International Development (USAID). The US diplomat has not indicated the amount of the cut off but added that the move is due to “the disappointing turn taken […]