First Independent Mena Newspaper
A new phase in Libya’s financial oversight has been initiated through the appointment of the American advisory firm K2 Integrity, which has been tasked with monitoring the financial transactions of the Central Bank of Libya’s (CBL). The decision, reportedly made under pressure from Washington, aims to enhance transparency and curtail systemic corruption within Libya’s financial […]
Morocco’s consumer price index (CPI) decreased by 0.3% in March 2025, according to the latest data from the High Commission for Planning (HCP), as reported by L’Économiste. This decline comes as the country experiences significant economic recovery, with GDP growth estimated at 4.2% for the first quarter, driven by dynamic performance in commercial services, extractive […]
Kenya is set to become East Africa’s largest economy by 2025, overtaking Ethiopia, according to new projections from the International Monetary Fund (IMF). The IMF forecasts Kenya’s GDP will reach $132 billion, surpassing Ethiopia’s projected $117 billion. This shift is driven by divergent economic strategies. Ethiopia’s decision to devalue its currency, the birr, by over […]
Morocco’s phosphates and fertilizers producer OCP plans to issue a dual-tranche bond of 5 and 10 years, Reuters reported. OCP has mandated Citi and JP Morgan to arrange the bond sale, the agency reported without adding details. In February last year, OCP completed the issuance of an additional $300 million bond, linked to the group’s […]
Talks over the future of the African Growth and Opportunity Act (AGOA) are set to begin by July, but African nations face growing uncertainty as U.S. tariffs threaten to undermine the landmark trade pact. AGOA, which since 2000 has granted duty-free access to the United States for eligible sub-Saharan African exports, is scheduled to expire […]
The Board of Directors of the African Development Bank has approved a $19.85 million grant to support a humanitarian and resilience operation in Sudan over the next two years. The grant is intended to improve the livelihoods of vulnerable populations and ease the impact of the ongoing conflict on communities and infrastructure. The project has […]
Clashes were reported between protesters and Police in the town of Mezzouna, in Tunisia’s Sidi Bouzid Governorate, after three students were killed following the collapse of a school wall. Widespread public anger was sparked by the incident, and demonstrations were held, according to sources cited by Al-Quds Al-Arabi. Several individuals were hospitalized after sustaining serious […]
Mauritania’s central bank has picked Casablanca stock exchange as a partner to help it set up the country’s first stock market in Nouakchott. This breakthrough agreement is in line with the momentum ushered by King Mohammed VI and president Mohamed Ould El-Ghazouani in favor of promoting cooperation between the two countries. The opening of Mauritania’s […]
Morocco has been classified as a “vigilant player” in the fight against financial crime, according to the 2025 Global Economic and Financial Crime Index published by Secretariat, an Indian risk management consultancy. The ranking comes at a critical juncture as the country works to strengthen its cybersecurity framework following a recent large-scale cyberattack. The North […]
The International Finance Corporation (IFC) will be investing more than $1.1 billion in Morocco this year, compared to $600 million in 2024 and less than $400 million in 2023,” said David Tinel, the institution’s Regional Representative for the Maghreb. In an interview with MAP, on the sidelines of GITEX Africa Morocco 2025, Tinel expressing great […]