First Independent Mena Newspaper
Strengthening trade between Morocco and Mauritania was at the center of talks on Friday in Rabat between Secretary of State for Foreign Trade, Omar Hejira, and a delegation from the Mauritanian Employers’ Association. The meeting explored opportunities for cooperation, particularly in logistics, goods transit, and the development of Mauritanian exports to the Moroccan market and, […]
France’s economic diplomacy in Africa, historically a cornerstone of Paris’s international influence, confronts profound crisis as market share erodes and competitors gain ground. Fifteen years ago, France still considered itself a major banking and commercial power across the continent, with key sectors from finance to infrastructure making Paris an indispensable partner for Francophone and Anglophone […]
Swiss Engineering Company Cavotec has announced the signing of an order with TAKRAF India Pvt. Ltd. for the supply of cable and hose reel systems to Morocco’s OCP group, the world’s largest producer of phosphate-based fertilizers. The order comprises seven cable reel systems and six hose reel systems. The systems will provide safe and reliable […]
Morocco’s orange exports rise for second seasonMoroccan orange exports rose for a second straight season in 2024/25, continuing their recovery after a sharp slump two years earlier, fresh produce specialist outlet EastFruit reported. Morocco exported 84,600 tons of oranges worth $61 million between November and October, up 38% from the previous season and more than […]
Morocco’s hosting of the 2025 Africa Cup of Nations is setting a new commercial benchmark for African football, with the Confederation of African Football calling it the most lucrative edition in the tournament’s history. CAF said in a statement it has secured 23 sponsors for the event, more than double the nine partners it landed […]
The French Development Agency (AFD) is committed to implementing the commitments made during the visit of French President Emmanuel Macron to Morocco in October 2024, notably development projects in the Kingdom’s Southern Provinces, the Agency’s Chief Executive Officer, Rémy Rioux, said on Thursday in Rabat. Speaking at a press briefing following talks with the Minister […]
Egypt has received €1 billion in concessional development financing from the European Union, marking the first tranche of the second phase of the EU’s macro-financial assistance (MFA), announced on Thursday by Minister of International Cooperation, Rania Al-Mashat. The disbursement follows the implementation of 16 economic and structural reforms aimed at strengthening macroeconomic stability, improving public […]
Morocco’s decision to suspend frozen sardine exports to the European Union while maintaining Russian fleet access to its waters has triggered significant anger in Spain. Spanish industrial and maritime sectors are expressing mounting frustration over the policy, which they view as severely damaging to Spain’s canning industry, particularly in Galicia, a region heavily dependent on […]
Regulatory reforms implemented in Morocco to promote private sector activity—described as “deeper than expected”—could stimulate growth, reduce the informal economy, and create employment, according to the World Bank Group’s updated Global Economic Prospects report released in Washington. The international financial institution notes that favorable weather conditions contributed to agricultural production recovery in the Kingdom. Current […]
The World Bank forecasts economic growth in the Middle East and North Africa region will reach 3.6% in 2026 before accelerating to 3.9% in 2027. These estimates, featured in the updated Global Economic Prospects report, were slightly revised downward compared to the institution’s June projections. The downward revision primarily reflects larger-than-expected oil production increases from […]