First Independent Mena Newspaper
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 […]
The European Bank for Reconstruction and Development (EBRD), the Green Climate Fund (GCF), the European Union, and Canada through the EBRD’s High-Impact Partnership on Climate Action (HIPCA) have agreed to provide Moroccan Bank of Africa a €70 million loan destined to boost access to green finance for private sector and promote capacity building for women-led […]
Morocco’s Minister of Economy and Finance, Nadia Fettah Alaoui, outlined significant progress in legal dispute resolution, public sector reform, and inflation management during a recent parliamentary question time. Highlighting efforts to strengthen state dispute management, Fettah Alaoui said that reforms have led to cumulative savings of 25.4 billion dirhams over five years by reducing financial […]
The French Development Agency (AFD) has vowed to support the development momentum in the Dakhla-Oued Eddahab region through strategic partnerships with local stakeholders. The pledge was made by AFD CEO Rémy Rioux in a statement on behalf of the French state, following a meeting in Dakhla on Monday, with the Wali of the Dakhla-Oued Eddahab […]
French development agency (AFD) offered a financing of 350 million euros in support of decarbonization efforts led by Morocco’s phosphates and derivatives giant OCP. A deal was signed between the two institutions on May 12, as OCP seeks more funding for its 13 billion-dollar decarbonization plan. OCP had announced a plan to use100% clean energy […]