First Independent Mena Newspaper
Moroccan Head of Government Aziz Akhannouch attended, on Thursday, the summit for Sport and Sustainable Development in Paris. This event is being held on the sidelines of the Olympic Games to officially kick off on Friday evening. The summit brought together some 500 participants, including heads of state and government, leaders of international organizations, athletes, […]
A new credit rating agency designed to address the needs of sovereign borrowers in Africa, and led by an African Union (AU) Commissioner, is on track to be launched in 2025, according to a senior AU official. Speaking with reporters in Accra, the AU Commissioner for Economic Development, Trade, Tourism, Industry and Minerals, Albert Muchanga, […]
Nigerian authorities fined Meta, the mother company of Facebook, whatsApp and Instagram, 220 million dollars for breaching consumer and data protection laws as well as abusing its position as market leader. The fine was announced following a 34-month investigation by Nigeria’s Federal Competition and Consumer Protection Commission (FCCPC). Meta is also accused of sharing Nigerians’ […]
As finance ministers and central bank governors of the G20 convene in Brazil this week (25-26 July), high on the agenda will be the International Monetary Fund’s (IMF) strategy to tackle Africa’s debt challenges, particularly the critical need for sustainable debt management and economic reforms. The IMF heads to Brazil G20 on a mission to […]
Growth in the Middle East and North Africa region (MENA) is projected to increase from 1.8% in 2023 to 2,2% in 2024 and 4% in 2025, the International Monetary Fund (IMF) said Tuesday. This is a downward revision from the April projections, the IMF pointed out in its World Economic Outlook (WEO) report. In April, […]
The Moroccan government said it offered construction aid to 95% of the households whose homes were completely or partly destroyed in the violent earthquake that ravaged villages in the High Atlas Mountains in September 2023. So far, 56,000 families received financial aid to rebuild their houses for a total cost of 1.4 billion dirhams ($140 […]
Kenyan President William Ruto on Thursday (11 July) fired almost all the ministers in his cabinet, including the attorney general, with immediate effect and promised to form a new government as the current one has struggled with discontent over a cost-of-living crisis and the East African country’s debt. In a televised address, Ruto promised that […]
The African Development Bank has agreed to provide Morocco four loans totaling over €600 million to enable the North African Kingdom build a 105-km long highway, enhance territorial competitiveness, modernize the university, and support sustainable forest development. The agreements were signed Wednesday in Rabat by Minister in charge of the budget Fouzi Lekjaa and the […]
The World Bank has launched a new $2.48 billion program that aims to improve internet adoption rates and infrastructure coverage gaps for more than 180 million people across eastern and southern Africa. The Inclusive Digitalization in Eastern and Southern Africa (IDEA) Program, launched recently, will focus on tackling common digital challenges including low internet coverage […]
The World bank will contribute to the reform of Morocco’s public institutions & enterprises with a $350 million financing. The financing agreement was signed Thursday in Rabat by Minister of Economy and Finance, Nadia Fettah, and Director of the Maghreb and Malta Department of the World Bank, Jesko Hentschel. During the signing ceremony, Nadia Fettah […]