First Independent Mena Newspaper
The African Development Bank has approved a €270 million loan to Morocco to finance an ambitious program to expand and modernize the country’s airport infrastructure as it prepares for a surge in tourism and for the 2030 World Cup. The project, known as the Airport Infrastructure Extension and Modernization Program (PEMIA), aims to boost Morocco’s […]
Morocco’s foreign exchange reserves climbed to an unprecedented 431.24 billion dirhams ($47 billion) at the end of October, up 19.6% from a year earlier, according to central bank data. Bank Al-Maghrib projects the upward trend will continue into 2026, reflecting strong tourism receipts and a sharp rebound in foreign direct investment (FDI). Travel revenues rose […]
Morocco secured $1.77 billion in World Bank financing during fiscal year 2025, positioning itself as the institution’s 11th largest recipient overall and eighth largest borrower from the International Bank for Reconstruction and Development (IBRD), according to newly released Bretton Woods statistics. The World Bank’s total commitments reached $80.8 billion for the fiscal year ending June […]
French rail giant Alstom has announced an investment of over $ 10 million to boost Morocco’s multi-platform production line for train driver desks, giving a new impetus to the country’s railway industrial value chain. “Seeing this first global production line established within our AMECA region is a strong signal of the industrial momentum we are […]
Two senior officials from the European Bank for Reconstruction & Development started this Thursday a two-day working visit to Morocco for talks with government officials and business representatives. Discussions will focus on EBRD’s support for the private sector, key infrastructure investments and the transition to a green economy, said the bank in a press release. […]
The African Development Bank (AfDB) has approved an additional €150 million loan for Morocco’s Communal Equipment Fund (French acronym FEC) to enable it Finance 26 infrastructure projects focusing on water, sanitation, urban mobility, energy efficiency, and social facilities in over 30 municipalities. The AfDB has also agreed to provide FEC nearly €1 million in technical […]
The Central Bank of Libya (CBL) has granted final practice permits to 91 companies and foreign exchange bureaux, as the Libyan dinar fell to 8.17 against the US dollar on the black market, amid ongoing cash shortages. The decision was announced on Tuesday, December 9. The CBL said the latest licensing forms part of its […]
Morocco’s livestock reconstitution program has achieved substantial progress with the establishment of a comprehensive database documenting 32.8 million animal head and approximately 1.2 million herders, Agriculture Minister Ahmed El Bouari announced Tuesday in Rabat. Speaking before the Chamber of Counselors regarding measures to preserve and strengthen national livestock, El Bouari explained that the database has […]
Mauritania hosted, Dec.8-9, its National Insurance Conference in Nouakchott, aimed at modernizing a sector that currently contributes only 0.33% of GDP, far below the African average of 2%. The conference, organized by the Central Bank of Mauritania (BCM) following the adoption of new legislation in September 2025, brought together hundreds of insurance professionals, experts, investors, […]
Foreign investors concentrated their activities in Morocco’s equity market across four primary sectors representing 66 percent of total trading volumes in 2024, according to the Moroccan Capital Market Authority (AMMC). The banking sector led foreign investment activity with 31.2 percent of traded volumes, followed by the building materials and construction sector at 13.3 percent. Distribution […]