First Independent Mena Newspaper
Maroc Telecom announced Monday it will invest 10 billion dirhams over the coming three years to promote telecommunications in Morocco. “As part of its proactive investment policy, Maroc Telecom has signed the sixth investment agreement with the Government for the development of telecommunications in the Kingdom,” said the leading telecom operator in a statement. “Under […]
The Spanish Ministers’ Council Friday approved a grant of €32.2 million to help Morocco in its efforts to control illegal immigration from the North African kingdom to Spanish southern shores. This aid, which aims to support international police cooperation, comes from the budget of the Spanish Home Affairs Ministry. It will support Moroccan authorities’ […]
An agreement to convert some of Tunisia’s debt to Belgium into development projects was signed Wednesday in Tunis, the Foreign Ministry said in a statement. The agreement, signed by Director General for Europe, Nabil Ammar, and Belgium’s ambassador to Tunisia, Michel Tilemans, provides for converting more than €2.991 million ($3.33) of Tunisia’s debt to Belgium […]
Morocco’s gross domestic product per capita more than doubled in the last two decades of the reign of King Mohammed VI who made of fighting poverty a priority. The GDP per capita grew from 1460 dollars twenty years ago to about 3090 dollars currently, according to World Bank figures. Poverty rate dropped to 4% of […]
The African Development Bank (AfDB) has approved about $300 million to finance trade and economic development in the Common Market for Eastern and Southern Africa (COMESA). The $300 million support facility for the Eastern and Southern African Trade & Development Bank (TDB) was announced on Wednesday. According to AfDB, the COMESA regional trade and project […]
The Spanish government approved an additional €30 million grant to help Morocco fight illegal immigration, smuggling and human trafficking. The announcement was made by the spokeswoman for the government and acting Spanish Minister of Education, Isabel Celaá, at a press briefing after the Council of Ministers held Friday July 19. The €30 million amount is […]
The United Nations Development Program (UNDP) launched the Regional Stabilization Facility for Lake Chad, an ambitious multi-million dollar fund to scale up the range of stabilization intervention in areas of Lake Chad Basin. The four Lake Chad Basin countries (Cameroun, Chad, Niger, and Nigeria) have warmly welcomed this joint initiative, as part of their own […]
L’Agence Française de Developpement will extend Morocco a loan of €50 million and a subsidy of €1 million to secure access to drinking water in the Northern provinces of the Kingdom. The related agreement was signed Wednesday in Rabat by the French Development Agency (AFD) and the National Office of Electricity and Water (ONEE). The […]
The International monetary fund said Morocco could post a growth rate of 4.5% in 2024 from 3% in 2018 if it continues on path of reform and inclusive growth. “Morocco’s medium-term prospects remain favorable, with growth expected to reach 4.5 percent by 2024” the IMF said in a report following Article IV consultations. The North […]
Ethiopia will receive $100 million from the UAE Khalifa Fund for Enterprise Development, KFED, to help promote a culture of innovation and finance prominent projects in the African country. The new agreement, which was signed by Hussain Jasim Al Nowais, chairman, KFED and Admasu Nebebe, Ethiopian Minister of Finance, will help enhance innovation and support […]