First Independent Mena Newspaper
The International Finance Corporation (IFC) said it is working with the African Development Bank (AfDB) and Nigeria’s EbonyLife Media to study the feasibility of launching a pan-African investment vehicle targeting the continent’s film sector. The initiative aims to unlock fresh private and institutional capital to help African producers create and distribute stories for global audiences, […]
Africa’s trade is poised to hit a record $1.5 trillion in 2025, driven by accelerating regional integration and improved infrastructure, according to projections from the IMF and Afreximbank — yet economists warn of persistent structural hurdles. With trade growth expected to average 5.1% annually through 2026 and intra-African trade expanding at 6.6% per year, the […]
The Libyan Investment Authority (LIA) has achieved the highest growth rate among global sovereign wealth funds in 2025, according to a report by Global SWF. The LIA recorded an impressive 32% year-on-year growth, earning an overall score of 84% in the Governance, Sustainability, and Resilience (GSR) Scoreboard. This performance places the LIA third among Arab […]
Morocco’s economy continues to demonstrate remarkable resilience in the face of persistent global and domestic challenges. From prolonged droughts to geopolitical tensions and supply chain disruptions, the Kingdom has managed to stay on course, thanks to strategic reforms, economic diversification, and a stable macroeconomic framework. Historically reliant on rainfall and agriculture, Morocco is steadily reducing […]
Africa has taken a major step toward financial self-determination with the launch of PAPSSCARD, the continent’s first Pan-African card scheme. Announced during the 32nd Afreximbank Annual Meetings in Abuja, Nigeria, the card aims to keep value, data, and economic benefits within Africa by processing payments entirely on the continent. The PAPSSCARD is a joint initiative […]
The African Development Bank (AfDB) has approved a financing package of over €300 million for Morocco to support entrepreneurship, job creation, and climate resilience. The funding aims to enhance the country’s economic competitiveness, strengthen resilience to climate change, and promote inclusive growth through skills development and entrepreneurship. AfDB says €181.8 million will support the second […]
Morocco’s economy confirmed its recovery momentum in 2025, with gross domestic product growing 4.8% in the first quarter compared to 3% in the same period last year, according to the High Planning Commission (HCP). The strong performance reflects marked progress in non-agricultural sectors and recovery in agricultural activity, driven by sustained growth in domestic demand. […]
Morocco’s National Investment Commission has approved 47 new investment projects totaling 51 billion dirhams ($5.5 billion), in a major push to stimulate economic growth and job creation across the kingdom. The approvals, announced during the 8th session of the Commission, include 36 new agreements and 11 amendments to existing ones. The projects are expected to […]
Morocco’s 2023 budget execution delivered positive results despite complex international and domestic challenges, Budget Minister Fouzi Lekjaa told Parliament’s Public Finance Control Committee Tuesday while presenting settlement law project 07.25. The global economy showed resilience with inflation declining to 6.6% from 8.6% in 2022, though growth slowed to 3.3% due to persistent crises and escalating […]
Morocco’s Central Bank has decided to maintain the key interest rate unchanged at 2.25 percent due to deceleration in food prices and a slowdown of inflation from 2 % on average in the first quarter of this year to 0.7 % in April and 0.4 % in May. The decision was made by the Bank’s […]