First Independent Mena Newspaper
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 […]
Morocco’s external debt eased slightly in 2024 to $67.99 billion, down from a peak of $69.63 billion in 2023, according to the World Bank, which notes the debt was sustainable. In its International Debt Report 2025, the World Bank notes that the decline marks the end of a three-year upward trend and reflects the kingdom’s […]
Morocco’s parliament validated the 2026 Finance Bill on Friday, December 5, just 47 days after government submission on October 20. The Chamber of Representatives approved the legislation in second reading following Thursday’s green light from the Chamber of Advisors, completing an expedited budget marathon. The rapid adoption enables the current governing majority to implement major […]
The African Development Bank Group board of directors approved Wednesday a 450 million euro non-sovereign partial credit guarantee benefiting the Phosphates Office Group. This financing instrument, deployed in Morocco for the first time, aims to enable OCP Group to mobilize loans up to 530 million euros from international financial institutions aligned with its green financing […]