First Independent Mena Newspaper
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 […]
Means of upgrading military cooperation between Morocco and Qatar and expanding the two countries’ partnership to other areas were at the focus of the visit Lieutenant General Mohammed Berrid, FAR Inspector General and Commander of the South Zone paid to Qatar this April 19 – 22. The FAR Inspector General, who visited Qatar at the […]
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 […]
Morocco expects its cereals harvest to grow to 4.4 million tons this season, up 41% from last year, thanks to March and April rainfall, the agriculture ministry said. Moroccan agriculture reeled under the impact of seven consecutive years of drought, that slashed the harvest last year to 3.1 million tons, compared to an average year […]
Chinese electric vehicle manufacturer Zeekr has officially entered the Moroccan market through a strategic partnership with Tractafric Motors Morocco, introducing two premium electric models with a third planned for later this year. Founded in 2021 by Geely Holding Group, Zeekr aims to meet growing demand for high-end sustainable mobility solutions in the North African kingdom. […]
Libya’s efforts in the fight against cancer have seen significant progress, with over 4,000 patients reported to have fully recovered thanks to the country’s dedicated medical professionals. Haidar Al-Sayah, Head of the National Anti-Cancer Authority, highlighted this achievement during the Libyan International Conference on Oncology and Radiotherapy. He revealed that over 4,000 scans were conducted […]
The Moroccan agency for sustainable energy MASEN said it has switched on Noor Ouarzazate III solar plant after a 14-month breakdown. The breakdown highlights the dysfunctions with the CSP technology used in the plant which has experienced recurrent breakdowns. The 150-megawatt plant had shut down in February 2024 after a storage breakdown that the operating […]
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 […]
Amid a deepening U.S.-China trade war, Beijing has issued a stern warning to nations — particularly in Africa — not to strike trade deals with the United States “at the expense of China’s interests,” raising the stakes for countries already grappling with economic strain. China’s Ministry of Commerce declared it “will never accept it and […]
Morocco’s Institute for Transport and Logistics Training (IFTL) has partnered with globally acclaimed researcher Professor Rachid Yazami to develop a specialized electric vehicle battery maintenance program, marking a significant advancement in the country’s green transportation initiatives. The agreement, signed Monday in Nouaceur, establishes a bachelor-level vocational certificate in Electric Vehicle Battery Maintenance designed to create […]