First Independent Mena Newspaper
The African Development Bank approved an additional funding of €12.33 million in favor of the ECOWAS Commission to cover part of the costs related to the study of the Abidjan – Lagos motorway corridor development project. This corridor links the capitals of five West African states – Côte d’Ivoire, Ghana, Togo, Benin and Nigeria – […]
The renowned Congolese singer Maitre Gims and his wife DemDem, who are settled in Marrakech, have launched a solidarity campaign to support needy African migrants in the city during this time of health crisis. Launched at the initiative of DemDem on May 1, the couple hopes to collect funds to supply 20,000 migrants with enough […]
The Tunisian Foreign Investment Promotion Agency, FIPA-Tunisia, said foreign direct investments in the North African country during the first three months of this year, have dropped by 24 per cent compared with last year first quarter (Q1). The institution, in its Q1 2020 report, said Tunisia attracted $162 million (MD461.7 million). Energy, industry and agriculture […]
The French Development Agency (AFD) has lent lately Morocco €100 million to enhance the performance of local councils, boost local socioeconomic development and improve community public service. The agency’s funding comes after the World Bank financial contribution of €272 million provided last year to strengthen the capacities of Morocco’s municipalities, an objective that is part […]
The Al Mada Foundation announced Monday in a statement that it will offer 1 million FFP2 masks to healthcare workers who are on the front line in the fight against Covid-19. Actuallty, the FFP2 mask is recommended for hospital use as it ensures the protection of nursing staff who are in direct contact with […]
The US government announced Friday that it has provided $5.7 million in aid to Morocco to help in the fight against the COVID-19 pandemic. This aid includes $4 million from the Economic Support Fund (ESF) to support the socio-economic recovery among marginalized and vulnerable populations in urban and rural areas through a cash transfer program, […]
The Moroccan parliament has adopted a decree allowing the government to resort to unlimited foreign borrowing in order to ensure enough international reserves to fuel the economy. Morocco’s trade balance has been chronically suffering from a trade deficit that has deepened in the first quarter this year due to falling exports as a consequence of […]
The Algerian Finance Minister debunked the government over the country’s finance following the crash of global oil, noting that the situation is dire and that it is pointless to lie. Abderrahmane Raouya, during an improvised press conference in capital Algiers Wednesday, confirmed that the state finances have drastically dwindled, TSA reports. The North African country […]
The World Bank will grant Tunisia $35 million destined to support the health ministry in its fight against the novel covid-19 and finance the purchase of medical equipment. The Washington-based institution in a statement said $20 million of the aid package is earmarked to bolster the capacity of the health system and support the North […]
Morocco will review its 2020 appropriation bill in light of the macro-economic disruptions caused by the coronavirus and in preparation for the post-virus era, the economic monitoring committee said. The Committee, set up to address the consequences of the virus on the economy, said in its sixth meeting it will look into the cases of […]