First Independent Mena Newspaper
Morocco has finished 70% of the development projects under the development model for the Sahara which notably includes a highway, a port, renewable energies, water desalination and phosphates production plants, head of the Moroccan government said. The 700 projects under this model amounted to 85 billion dirhams ($9.3 billion) instead of the $7 billion forecasted […]
The Moroccan Govt. Council adopted on Thursday a bill paving the way for the setting up of the “Mohammed VI Fund for Investment” called for by the Sovereign in his latest Throne Day Speech to mitigate the economic and social impacts of Covid-19. The bill sets the major goals for addressing the challenges Morocco is […]
A new study conducted by a network of NGOs, including the Global Tax Justice Alliance, revealed that Tax evasion costs Africa more than $25 billion a year. As African countries are grappling with the Covid-19 pandemic, tax evasion is considered “unacceptable”, as it reduces revenues that could be spent on citizens’ health. Twenty-three billion dollars […]
The Japanese Government and the UN Development Program (UNDP) are backing a project to combat online radicalization of youth in Morocco. The one-year-long project, launched Thursday in Rabat, by the Rabita Mohammadia of Ulema, is meant to counter hate speech and raise awareness among young people to the contingency dangers of the Internet and […]
Casablanca Finance City (CFC) and Belgian Finance Center (BFC) have signed a partnership deal, laying the foundations for a lasting cooperation in promoting investment opportunities between Belgium, Morocco and Africa. The partnership will provide a platform for exchange, encouragement of best practices, and knowledge sharing in the fields of SME financing and corporate governance, the […]
The Economic and Monetary Community of Central African Countries raised €3.8 billion at a two-day round table in Paris. The Funds are destined to finance the bloc’s Regional Economic Program meant to boost growth by 2025. The program comprises 84 projects, including 11 presented as priority integrating projects. The total cost of these projects has […]
The Unites States and the European Union have pledged to back Tunisia’s tourism industry severely affected by the covid-19 pandemic with a combined investment valued at more than €100 million. The US support will come from its development agency, USAID, which has pledged to mobilize between $30 million and $50 million for “Visit Tunisia” program […]
The European Investment Bank (EIB) will loan Egypt by year’s end €1.1 billion in form of financing package for the implementation of three transport projects in the Arab country. The package will come in two installments. The first tranche will take place in December and valued at €600 million, the Egyptian cabinet said in a […]
The French Development Agency (AFD) has earmarked €300,000 to fund a pan-African training program for museum and heritage professions in Africa to be spearheaded by Morocco’s National Museum Foundation (FNM). The grant-related agreement was signed Monday in Rabat by French Foreign Minister Jean Yves le Drian, President of the FNM Mehdi Qotbi, and AFD Director […]
The African Development Bank extended a loan of €118 million to help Morocco address the social challenges triggered by the coronavirus pandemic. The loan is part of a program launched in 2019 by the bank to help Morocco improve its social protection mechanisms. In this respect, the current loan adds to a credit […]