First Independent Mena Newspaper
The Africa Fertilizer and Soil Health summit held in Kenya’s capital Nairobi has recently closed with a 10-year action plan, as the African Union (AU) has said a $15 billion private sector investment is needed to increase manufacturing of mineral fertilizers in Africa. The Africa Fertilizer and Soil Health summit that took place last week […]
The United States is supporting Morocco’s efforts to prevent and combat human trafficking with a $2.5 Million donation aimed at reinforcing the detection, identification, protection, return and rehabilitation of victims of this serious crime. The announcement was made Friday by U.S. Ambassador to Morocco Puneet Talwar in presence of Director of Moroccan National Commission for […]
The Bayt Mal Al Quds Asharif Agency signed, on Friday in Rabat, a partnership and cooperation agreement with the Moroccan Association for the support of reconstruction in Palestine, providing for the launch of a series of reconstruction and rehabilitation projects in the Holy City of Al Quds. The reconstruction and rehabilitation operation, concerning 100 targeted […]
Bank Al Maghrib, Morocco’s central Bank has teamed up with the World Bank to promote the use of digital money transfer services for the benefit of the inhabitants in rural zones. The two financial institutions have launched the «Douar Tour» initiative which seeks to inform rural populations about the various financial services available for money […]
Algeria’s President Tebboune has received a boon from Nigeria whose GDP shrunk to become the fourth largest African economy, ceding the third place to Algeria. In what many observers see as an early electoral campaign, Tebboune gave half-economic truths as usual boasting that Algeria became the third largest African economy, thanks to his policies! In […]
Morocco’s stock exchange is on a charm offensive in London to promote initial public offerings and expose merits of listing for companies that seek to boost liquidity. Speaking to Reuters, head of Morocco’s stock exchange Tarik Senhaji said he expects the bourse to attract 3 to 5 IPOs annually. The reform of state-run enterprises would […]
The International Monetary Fund has praised the resilience shown by Moroccan economy to challenging external conditions. Despite water scarcity, the September 2023 earthquake, and country’s economic activity picked up to 3 % in 2023 thanks to strong exports and a rebound of domestic demand In a press release issued Wednesday, the Fund’s Executive Board, which […]
American company GE Gernova has decided to join the Xlinks Morocco-UK power project with a $10.2 million investment injected in this ambitious project expected to produce affordable and clean energy. Once complete, the Project’s wind and solar generation, combined with flexible battery storage, is expected to supply 3.6 gigawatts (GW) and deliver approximately 8% of […]
The Moroccan government agreed to a 1000 dirham pay rise for civil servants and hiked by 10% the minimum wage for workers in the private and farming sectors. This came following a new round of dialogue with the main labor unions in the country. The pay raise will take place in two stages this year […]
Xlinks First Ltd. has confirmed the news reports announcing a $14.1 million investment of Africa Finance Corporation (AFC), the leading multilateral financial institution, in the Morocco-UK Power Project expected to provide affordable, reliable, clean energy from Morocco to Britain within a decade. The support of AFC of Xlinks project shows the trust Morocco enjoys on […]