First Independent Mena Newspaper
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 […]
The International Monetary Fund greenlighted on Tuesday the release of $496 million for Morocco under a Resilience and Sustainability Facility (RSF) to help the north African country address climate challenges. The new funding brings the total disbursement of the IMF under the RSF to about $1.24 billion. The IMF had approved a $1.32 billion loan […]
Two key sources of Morocco’s inflow of hard currency, remittances from Moroccans abroad and tourism receipts are heading towards another record in 2026 at 123 billion dirhams ($12.8 bln) and 125 billion dirhams ($13 bln) respectively, the central bank said. This improvement would help offset the deepening trade deficit due to higher imports of equipment […]
Egyptian President Abdel-Fattah El-Sisi disclosed that the country is losing approximately $800 million per month in revenue from the Suez Canal due to the ongoing regional tensions. He made this announcement during the annual Iftar banquet hosted by the Armed Forces. El-Sisi reflected on the challenges faced by Egypt over the past 15 years, highlighting […]
Morocco, with its strong tax policies and investment in strategic infrastructures, can help to drive and speed up economic integration in Africa, according to the United Nations Economic Commission for Africa In a tweet posted following the meeting held Monday in Addis Ababa between ECA Executive Secretary Claver Gatete and Morocco’s Industry & Trade Minister […]