First Independent Mena Newspaper
Morocco pleaded Thursday before the Peace and Security Council of the African Union (AU-PSC) for an ethical, responsible, beneficial, and sovereign African AI and suggested a series of concrete measures to fulfil this goal and build an African elite in AI. “The future of AI in Africa can’t sidestep the need to build an African […]
Royal Air Maroc (RAM) has once again been recognized as the best airline connecting Spain to Africa at the 30th “Travelranking” awards by specialized magazine Agenttravel. The award was presented on Thursday in Madrid, acknowledging the airline’s consistent efforts to enhance the customer experience. Awarded by experts from the travel and tourism industry in Spain, […]
Morocco and China’s Sunrise Group, a global leader in the textile industry, have signed a deal under which the Chinese group will invest $230 million. to bolster its textile sector, in a deal aimed at strengthening the Kingdom’s role in global supply chains. The deal, signed in Rabat this Thursday, aims to strengthen Morocco’s textile […]
Morocco’s OCP group revenues increased to $9.76 billion in 2024 from $9.02 billion posted in 2023. The growth is supported by higher export volumes and stable prices. “OCP’s strong performance in 2024 reflected our ability to effectively navigate evolving market conditions, achieve production and operating efficiencies, and reach several key milestones related to our sustainability […]
As the expiration of the Africa Growth and Opportunity Act (Agoa) approaches in September, former US ambassador to Kenya, Kyle McCarter, has cast doubt on the deal’s renewal, citing its unfavorable terms for the United States. McCarter, who served under the Trump administration, expressed skepticism about the prospects of extending Agoa through the HR 10366-Agoa […]
The European Bank for Reconstruction and Development (EBRD) has announced a loan of €110 million to support the development of an economic zone within the Nador West Med industrial port complex, located in Morocco’s Oriental region. This is the Bank’s third investment in the Nador West Med complex, following the provision of financing in 2015 and […]
Nigeria is preparing a new law that would make crypto assets legal in the country, ending years of ambiguity and legal void. Under the new law, a crypto asset is defined as “a digital representation of value that can be transferred, digitally traded and used for payment or investment purposes.” The new legislation will end […]
Morocco has established itself as a key player in renewable energy, offering numerous investment opportunities in this sector, Brussels-based SolarPower Europe states in a report. The report, released Tuesday March 18, explores the numerous investment opportunities within Morocco’s solar sector, highlighting the country’s market dynamics, regulatory frameworks, as well as concrete recommendations to accelerate solar […]
The number of Moroccan firms in the list of the 500 largest companies in Africa grew to 54, highlighting the expansion and diversification of Moroccan businesses on the continent. The ranking, issued by Jeune Afrique, shows the growth of Moroccan firms operating in key sectors such as banking, telecommunications, agro-industry, and infrastructure. These Moroccan giants […]
Casablanca Stock Exchange approached its highest historical level, buoyed by the unexpected announcement from Bank Al-Maghrib to lower its key interest rate to 2.25%. The MASI, the benchmark index, closed up 2.10% at 17,193 points, touching its all-time high. The volume of transactions on the central market reached 1.1 billion dirhams. Attijariwafa Bank led the […]