First Independent Mena Newspaper
The International Monetary Fund greenlighted on Tuesday the release of $496 million for Morocco under a Resilience and Sustainability Facility (RSF) to help the north African country address climate challenges. The new funding brings the total disbursement of the IMF under the RSF to about $1.24 billion. The IMF had approved a $1.32 billion loan […]
Two key sources of Morocco’s inflow of hard currency, remittances from Moroccans abroad and tourism receipts are heading towards another record in 2026 at 123 billion dirhams ($12.8 bln) and 125 billion dirhams ($13 bln) respectively, the central bank said. This improvement would help offset the deepening trade deficit due to higher imports of equipment […]
Morocco’s central bank has decided to lower key rate by 25 bps to 2.25 % to ensure price stability and support the country’s economic activity with the anticipated inflation evolution. The decision was made by the Board of Bank Al-Maghrib during its meeting held Tuesday in Rabat of 2025. The Bank experts decided to cut […]
French prosecutors have launched a judicial investigation into TotalEnergies, accusing the oil giant of involuntary manslaughter and failing to assist people in danger during a brutal jihadist attack in Mozambique’s Palma region in March 2021. The attack, carried out by Islamist militants linked to ISIS, left over 1,400 people dead or missing, including 55 subcontractors […]
Border communities in northern Côte d’Ivoire find themselves increasingly vulnerable as counterterrorism funding crucial to preventing extremist expansion has been suspended. The $20 million US-funded initiative, which supported dozens of villages like Kimbirila-Nord, looking like a front line of the global fight against extremism, has ended amid sweeping foreign aid cuts, leaving residents concerned about […]
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 […]