First Independent Mena Newspaper
In a major triumph for trade union strength and workers’ rights, employees at Ericsson Tunisia have secured a groundbreaking collective bargaining agreement (CBA) after more than two years of negotiations. The agreement guarantees that staff transferring from the former Branch Office (BTN) to the newly established local entity, Ericsson Tunisie (ETN), will retain their full […]
The U.S. Embassy in Cairo has announced the successful signing of three major contracts between Progress Rail, an American company, and Egyptian National Railways, collectively valued at over $235 million. The agreements, which were formalized on Wednesday, April 9, 2025, at the Ministry of Transportation, mark a significant step in enhancing U.S.-Egyptian business relations while […]
Egypt is preparing to list stakes in several military-affiliated companies on the stock exchange, in a major step towards reducing state control and encouraging private sector participation in the economy. Prime Minister Mostafa Madbouly announced the move following the signing of an agreement between the Sovereign Fund of Egypt, the Armed Forces’ National Service Projects […]
Fifty-five members of Libya’s House of Representatives (HoR) strongly criticized the recent devaluation of the dinar, arguing that the move fails to address the root causes of the country’s deepening economic crisis. The lawmakers stressed, in a joint statement issued on Wednesday, that adjusting the exchange rate or increasing the dollar price would not resolve […]
A group of Algerian hackers leaked data from social security fund CNSS concerning 500,000 companies and 2 million wage-earners, in the worst cyberattack against a Moroccan institution so far. CNSS has belatedly acknowledged the cyberattack while warning against disinformation and legal risks involved in sharing personal information that have been hacked. The attack evidences the […]
The recent decision by the Alliance of Sahel States (AES), comprising Mali, Niger, and Burkina Faso, to impose a 0.5% levy on imports from several West African nations, including Nigeria, is raising alarm bells across the region. Announced as part of the AES’s broader strategy to assert economic independence and generate revenue, the tariff could […]
Trade ministers from across Africa will gather on 14 April to discuss the implications of the new 10% tariff imposed by the United States on imports from several African nations. The tariffs, announced by president Donald Trump, are expected to severely impact African exporters, especially those reliant on the African Growth and Opportunity Act (AGOA), […]
U.S. defense manufacturer Lockheed Martin has shown interest in Morocco’s investment opportunities offered in the defense industry which has attracted several companies including India’s Tata Advanced Systems, Turkish Baykar, Bluebird Company… A senior Lockheed Martin delegation led by Brig. Gen. Joseph Rank (Ret.), CEO for Africa & Saudi Arabia, visited lately Rabat and Casablanca to […]
Elon Musk’s March 28 acquisition of X (formerly Twitter) by his AI company xAI raises significant concerns for the platform’s 40 million African users, whose data will now fuel the development of AI systems like Grok without explicit consent or compensation. The transaction places users in Nigeria (10 million), South Africa (8 million), and Morocco […]
The first Morocco–United Arab Emirates Business Council was held on Wednesday in Sharjah, marking a new milestone in the strengthening of economic and trade relations between the two countries, which are bound by a solid friendship and advanced economic cooperation. The meeting reaffirmed the strategic role of this Council as a catalyst for investment and […]