First Independent Mena Newspaper
Morocco will allocate 3 billion dirhams this year and 3.2 billion next year, or a total of 670 million dollars to restore its national herd, including through financial support to farmers, agriculture minister Ahmed El Bouari said. Under this program, the government will earmark 700 million dirhams to restructure and cancel debt owed to 50,000 […]
The US has scaled down its aid to Africa but kept supporting and funding for the Lobito corridor which will give its industry access to rare minerals, key to the energy transition. The Lobito Corridor is a major trans-African infrastructure project designed to connect the mineral-rich regions of the Democratic Republic of Congo (DRC) and […]
Severe austerity measures imposed by international financial institutions on some of the poorest African countries led to public spending cuts, which affected the wages of teachers and health workers in particular, ActionAid said. Teachers across Africa are bearing the brunt of austerity, losing up to 50% of their real income over five years, while nearly […]
The Moroccan government, electricity and water supplier ONEE together with a consortium including Mohammed VI Investment Fund, TAQA Morocco and Nareva agreed to join forces to develop a sweeping infrastructure program aimed at securing water and bolstering energy production by 2030, for a total investment cost estimated at $14 billion. The investments have been ushered […]
Morocco is establishing itself as a premier destination for solar energy investments in the Middle East and North Africa region, according to a new report by London-based research group Bourse & Bazaar. The study highlights significant funding from Gulf investors, including Saudi Arabia’s Public Investment Fund, Abu Dhabi’s Mubadala, and Dubai’s AMEA Power, who are […]
African economies face an urgent need for coordinated responses to inflation threats that could destabilize social equilibrium, according to the World Bank’s latest Africa’s Pulse report. While the continent’s median inflation rate decreased from 9.8% in 2022 to 4.2% in January 2025, significant disparities persist. The interquartile range of inflation rates has widened from 6% […]
Morocco has achieved significant progress in expanding digital financing and promoting access to financial services, according to a new United Nations Economic and Social Commission for Western Asia (ESCWA) report. The Kingdom, alongside Jordan and Egypt, stands out for implementing innovative regulatory reforms despite challenging regional conditions, as noted in the “Annual Review of Sustainable […]
British Standard Chartered bank, which specializes in wealth management, corporate and investment, announced Thursday the opening of its new office in Casablanca Finance City, Morocco, In a press release, the Bank says Morocco’s strong economic fundamentals and strategic location position it as an increasingly important destination for global trade and investment. The Bank’s new office […]
Taqa Morocco became the third largest company by market capitalization at the Casablanca stock exchange. Driven by an exceptional stock market performance from the start of the year, the company’s stock has risen progressively due to investor revaluation, positioning it behind only major players like Attijariwafa Bank and Maroc Telecom. As of May 12, 2025, […]
The International Fund for Agricultural Development (IFAD) and Bank Al Maghrib have partnered for the second time to increase financing for food security in rural areas around the world. IFAD has issued a $150 million bond with a tenor of 10 years to Morocco’s central bank to support efforts engaged to transform rural areas to […]