First Independent Mena Newspaper
Ciments de l’Afrique (CIMAF) a subsidiary of Morocco-based Omnium des Industries et de la Promotion (OIP) has landed a €161.5-million loan from the International Financial Corporation (IFC), French-government-owned Proparco, and Emerging Africa Infrastructure Fund (EAIF) earmarked to increase capacities of its grinding plants in Mali, Ghana, and to launch a state-of-the-art integrated cement plant in […]
Vice president for the MENA region at the World Bank (WB), Ferid Belhaj, said on Wednesday in Rabat that Morocco’s development policies and reforms are an example for the whole MENA region, renewing the international financial institution’s backing to these policies and reforms. During a working session with Minister of Economy and Finance, Nadia Fettah […]
Emmerson mining company announced this Wednesday it secured an investment of $46.75 million from a group of investors for the development of the Khemisset Potash Project in Morocco. The primary investor is Global Sustainable Minerals Pte Ltd, based in Singapore and backed by a significant south-east Asian investor. “A major investment, at a premium to […]
The forecasts of the investment program of the Moroccan National Railways Office (ONCF) for the period 2022-2024 amount to more than 7.72 billion DH, according to the report on public establishments and enterprises supplemented to the 2022 draft finance bill. This program, spread over 2022 with 2.9 billion dirhams, 2023 with 2.22 billion dirhams and […]
The European Bank for Reconstruction and Development expects Morocco’s economy to rebound by 5 per cent in 2021, before moderating to a growth of 3.2 pc in 2022. In its latest Regional Economic Prospects report released Thursday, the Bank says the success of Morocco’s vaccination campaign will lead to faster reopening of the economy, despite […]
The United States delivered Saturday, October 30, some 850,590 doses of the Pfizer anti-covid-19 vaccine to Morocco as well as a $2 million donation provided by the USAID, aimed at providing additional emergency aid to Morocco and at extending further support to the Kingdom’s highly successful response to the pandemic. In a tweet, the United […]
Libya’s Premier Abdul-Hamid Dbeibah has charged several countries including neighboring Tunisia, Belgium and Malta of stealing and seizing Libya’s money and assets, Libya Observer reports. Dbeibah leveled the charges during the Public-Private Partnership Workshop held early this week in Tripoli. For the Libyan Premier, the oil-rich country is unlikely to recoup its assets frozen in […]
The African Development Bank has approved a € 114 million loan to support Morocco’s inclusive and sustainable agriculture in rural areas within the frame of the country’s climate adaptation program focusing on better use of water resources in irrigation and soil conversion techniques. The funding will enhance the resilience of Moroccan agriculture to the global […]
The cost of Morocco’s vaccine procurement rose to 7 billion dirhams ($77 million), finance ministry documents showed. The amount was funded by the special solidarity fund to which the treasury, companies and citizens amassed contributions that stood at 34 billion dirhams since 2020. Morocco has offered booster jabs for people who took the vaccine six […]
The US senate has subjected military aid to Tunisia to the return of democratic values after President Kais Saied has suspended the parliament and seized the executive power since July 25. The Senate Appropriations Committee explained, in a bill, that granting credit to Tunisia would be subject to several conditions. According to the proposed law, […]