First Independent Mena Newspaper
The Algerian regime has failed to fulfil its promise of raising the tourist currency allowance from a meager 106 euros to 750 euros. The promise was made by Tebboune who has turned Algiers into the capital of illusion, following his repetitive blunders. Tebboune, with a theatrical flair, pledged to increase the tourist allowance, in an […]
On Tuesday, European Union announced the removal of the United Arab Emirates from its “high-risk” list for money laundering. In addition to the UAE, the EU also delisted Barbados, Gibraltar, Jamaica, Panama, the Philippines, Senegal, and Uganda. At the same time, Monaco was added to the list along with nine other countries. According to the […]
The World Bank has approved a $350 million financing package for the Greater Casablanca Mobility & Logistics Hub, which aims to improve services for passenger railways in the Greater Casablanca area. The funding will also support Morocco’s national railway operator – Office National des Chemins de Fer (ONCF) – in managing and expanding railway infrastructure. […]
Africa’s energy investment landscape is undergoing a dramatic shift as China’s once-dominant role in fossil fuel infrastructure gives way to diversified, cleaner, and more commercially driven models. According to the International Energy Agency (IEA), Chinese development finance for African energy projects has plummeted by over 85% since 2015, contributing to an overall drop in public […]
Global spending on energy is expected to reach $3.3 trillion in 2025, marking an all-time high, according to the World Energy Investment 2025 report released earlier this week by the International Energy Agency (IEA). This figure represents a 10% rise compared to 2024. Out of this total, around $2.2 trillion, or 67%, will go toward […]
The Africa Finance Corporation (AFC) has called on African governments to tap into over $4 trillion in untapped domestic capital to bridge the continent’s widening infrastructure gap. In its 2025 State of Africa’s Infrastructure report, the AFC emphasized that pension funds, sovereign wealth funds, commercial banks, and reserves collectively hold the capital needed to transform […]
In a bold financial maneuver, Libya’s eastern-based authorities have fast-tracked the approval of a $12.7 billion infrastructure budget—framed as a national development drive, but widely viewed by analysts as a calculated step to consolidate control over oil revenue streams. Overseen by Belgassim Haftar, son of military strongman Khalifa Haftar, the Development and Reconstruction Fund is […]
The Moroccan economy is expected to remain solid in 2025 and 2026, as weather conditions alleviate the drought that severely affected the agricultural sector in 2023 and 2024, according to the forecast of the Organisation for Economic Co-operation and Development (OECD). The country’s GDP is projected to reach 3.8% in both 2025 and 2026, driven […]
In a stern and deliberate rebuke, Libya’s Prime Minister Abdul Hamid Dbeibah has called on House of Representatives (HoR) Speaker Aqila Saleh to disclose the fate of over 100 billion Libyan dinars reportedly expended outside the confines of the official State budget over the last two years. Speaking during a high-level meeting with members of […]
Microsoft co-founder Bill Gates has announced that the majority of his $200 billion fortune will be spent over the next two decades on transforming health and education across Africa. Speaking at the African Union headquarters in Addis Ababa, Gates called for bold investments in human potential as the key to unlocking prosperity across the continent. […]