First Independent Mena Newspaper
Morocco will host the 58th United Nations Economic Commission for Africa (UNECA) and the Conference of African Ministers of Finance, Planning, and Economic Development in March 2026. The announcement was made at the expert session of the 57th UNECA and the Conference of African Ministers of Finance, Planning, and Economic Development, currently held in Addis […]
Africa’s gross domestic product is projected to grow by 3.8% in 2025 and 4.1% in 2026, establishing the continent as the second-fastest growing global region, according to economic forecasts released during the 57th Conference of African Ministers of Finance, Planning, and Economic Development in Addis Ababa. Economic experts acknowledge African economies’ remarkable resilience but caution […]
The International Monetary Fund (IMF) Executive Board completed its fourth review of Egypt’s economic reform program under the Extended Fund Facility (EFF) arrangement, granting the country immediate access to approximately $1.2 billion. The approval, announced on Tuesday March 11, marks a significant step in Egypt’s ongoing efforts to stabilize and reform its economy with the […]
A new report from the African Development Bank (AfDB) underscores Africa’s impressive economic recovery, highlighting the continent’s resilience, growth, and the impact of bold reforms. With a projected GDP growth from 3.2% in 2024 to 4.1% in 2025 and 4.4% in 2026, Africa is now the second-fastest-growing regional economy globally, trailing only Asia. This growth […]
Tunisia’s President Kais Saied has suspended ties with the IMF after shunning the reforms it conditioned for a lifeline deal that could have made it easier for Tunisia to access foreign loans. The failure of the $1.9 billion offered by the IMF in exchange for reforms puts Tunisia in an uphill battle to access funding […]
Egypt’s tax revenues surged by 38 percent in the first half of the 2024/2025 fiscal year, according to Finance Minister Ahmed Kouchouk. During a panel organized by the Egyptian Association for Direct Investment and Venture Capital, Kouchouk attributed this growth to the Government’s ongoing efforts to broaden the tax base and strengthen cooperation with taxpayers. […]
Morocco outperformed all North African countries in the Heritage Foundation’s Economic Freedom index, which cites the reforms that boosted the private sector’s dynamism. The annual index covers 12 freedoms—from property rights to financial freedom—in 184 countries. Morocco’s score improved by 3.5 points to 60.3, with its global ranking enhanced to 86th position. Morocco is now […]
Libya’s Central Bank has published its financial report for the first two months of 2025, revealing total revenues of 18.256 billion dinars and expenditures exceeding 8.4 billion dinars. The primary source of revenue for the period from January 1 to February 28 was oil sales, which generated 14 billion dinars. Additional income came from oil […]
Morocco’s central bank, Bank Al-Maghrib (BAM), has published this week the first version of its practical guide on the fight against money laundering and the financing of terrorism (AML-CFT). This guide, which is part of efforts to raise public awareness about the risks of money laundering and terrorism financing, explains what money laundering and terrorism […]
Nigeria has become the 77th shareholder in the European Bank for Reconstruction and Development. The Bank’s board of governors approved Nigeria’s membership after it amended its laws to expand incremental funding to Sub-Saharan Africa, the bank said in a statement. Through this membership, Nigeria hopes to benefit from EBRD funding, which is yet to be […]