First Independent Mena Newspaper
The African Development Bank will double its climate finance commitments for the period 2020-2025, the Bank’s President announced at the One Planet Summit taking place in Nairobi. Akinwumi A. Adesina said that the Bank would commit at least $25 billion towards climate finance. Speaking at a plenary of the Summit Thursday in the presence of […]
Morocco’s Bank Al Maghrib (BAM) and Dubai Financial Services Authority (DFSA) have agreed on Wednesday in Rabat to strengthen cooperation in financial services and in enhancing investors’ confidence. Inked by Abdellatif Jouhari, Governor of Bank Al Maghrib, and Chief Executive of the DFSA, Bryan Stirewalt, the agreement provides for coordination and cooperation between the two […]
French President Emmanuel Macron who is touring East Africa, with stops in Djibouti, Ethiopia and Kenya, has pledged to invest $2.8 billion in Africa by financing and supporting startups and small- to – medium-sized enterprises by 2022. Macron, who started his trip to East Africa Monday, said the French government would support about 10,000 enterprises […]
Morocco sidestepped being listed in the EU’s tax haven black list but is included in the grey list, which comprises countries that are given time to reform. Ten other countries, including the UAE, are on the black list, which was approved by EU finance ministers. The black list included so far only five jurisdictions and […]
The United Arab Emirates’ Khalifa Fund for Enterprise Development will support Togolese micro, small and medium-sized enterprises and industries with $15 million as part of the UAE’s efforts to support development programs in a number of friendly countries and also in a bid to enhance relations between the UAE and Togo. The $15 million agreement […]
The European Investment Bank (EIB) and the Moroccan Motorway Company, la Société Nationale des Autoroutes du Maroc (ADM), signed Monday in Rabat an €80 million financing agreement meant to upgrade highway infrastructure in an around Casablanca. The amount will finance the tripling of the Casablanca-Berrechid highway lanes on 25.8 km and the construction of a […]
The European Bank for Reconstruction & Development (EBRD) announced Wednesday the extension of its program “Women in Business” in Morocco to the region of Tangier, Tétouan-Al Hoceima and Oriental in the north of the country. The region has a high concentration of women-led businesses in the medical, retail and service sectors. The expansion of the […]
The Islamic Development Bank (IDB) will convene its 44th annual meeting in Marrakech April 3-6 to discuss challenges and explore opportunities facing IsDB Group member countries. The announcement of the venue was made Thursday by Moroccan Minister of Economy & Finance Mohamed Benchaaboun during the Public-Private Partnerships Forum 2019 organized by the IsDB in Rabat. […]
The embezzlement of humanitarian assistance is seemingly an enduring phenomenon in the Polisario-run Tindouf camps although the populations sequestrated there are in dire need of this assistance. A new embezzlement scandal broke out Tuesday, when the canary Islands “La Provincia” daily reported the diversion of some €2.5 million of humanitarian aid provided by the international […]
Vice President of the European Bank for Reconstruction & Development, Alain Pilloux, starts this Monday a three-day working visit to Morocco for meetings with government officials and businesses. The visit confirms the EBRD’s commitment to boost Morocco’s economic potential through investment projects and policy engagement. “It shows our continued support for the Moroccan economy, through […]