First Independent Mena Newspaper
China has extended Mauritania a $87 million loan to be used for the construction of a fishing harbor expected to generate 800 permanent jobs and handle around 400,000 tons of merchandise yearly. Minister of Finance and Industry Cheikh El Kebir Moulaye Taher told lawmakers Tuesday that the future port will be located 25 km north […]
The vigilance of Laayoune police elements allowed the arrest of an individual with a suitcase full of euro banknotes. This individual, in an irregular situation in Morocco, is allegedly involved in illicit currency transfer. The national of a neighboring African country was arrested in the city of Laâyoune, reported this Thursday local Al Akhbar daily, […]
Nigeria is studying the currency changes ringing through the West African region and will respond in due course, a statement by a media aide to the Minister of Finance, Budget and National Planning said. “Nigeria has received the news of the change of the UEMOA Currency, the CFA (Communaute Financiere d’Afrique) to Eco supposedly as […]
Morocco took a series of measures to fight tax evasion, which would eventually lead to taking the country off the EU’s so called tax haven grey list. Morocco will no longer be part of that list starting January 2020, local media La vie Eco reported, citing the multiple efforts by the country to improve financial […]
Moroccan Central bank and police have urged vigilance after card skimming devices were found lately in cash machines in the city of Marrakech. Skimmers are using tiny hidden cameras planted in ATMs. They are barely visible but allow fraudsters to film people entering their pin number. The skimmers often encase the normal card slot on […]
Morocco will invest 383 billion dirhams to guarantee regular water supply for the next three decades, head of the government Saad Eddine El Othmani said. Speaking to the inter-ministerial commission on water, El Othmani recalled the royal directives to safeguard water resources and meet rising needs of the economy and the population. The 2020-2050 strategy […]
The African Development Bank (AfDB) last week announced a contribution of $220 million to implement a results-oriented program intended to improve territorial competitiveness in Morocco. The program, part of Morocco’s efforts to implement its industrial acceleration plan at the level of regions, is aimed at setting up new industrial poles, attracting private investors and generating […]
Côte d’Ivoire’s President Alassane Ouattara has announced that West Africa’s monetary union has agreed with France to rename its CFA franc the Eco and cut some of the financial links with Paris. The CFA will undergo three major changes, according to Ivorian President Alassane Ouattara. The name will change to Eco in 2020; France, would […]
The 14th France-Morocco high level meeting held in Paris Thursday was marked by the signing of a dozen agreements intended to give a new dynamic to the partnership between the two countries. The agreements, signed at a ceremony chaired by French Prime Minister, Edouard Philippe, and the Head of the Moroccan Government, Saâd Eddine El […]
The European Commission adopted Friday new cooperation programs worth €389 million in support of Morocco’s inclusive development, fight against illicit migration and human trafficking. The programs include €289 million destined to back up the reforms engaged in the North African Kingdom and its sustained inclusive development, while €101.7 million will support Morocco’s efforts to combat […]