First Independent Mena Newspaper
Morocco’s tourist arrivals grew 24% to 2.7 million tourists up to the end of February this year, underscoring the momentum in the sector. “A half-million additional visitors in just two months is a figure that speaks for itself. This confirms that Morocco has its place among the world’s top destinations,” tourism minister Fatim-Zahra Ammor said. […]
Moov Africa Gabon, the local subsidiary of Morocco’s Maroc Telecom, was spared a nationalization push that affected many strategic firms in the country. Speaking at the Mobile World Congress (MWC) Gabon’s minister of digital economy made it clear that “the sector of telecommunications was not concerned by nationalization policies.” Since Brice Oligui Nguima took power […]
The recent rainfall that blessed most Moroccan fertile lands gave farmers hope after a prolonged drought compromised this year’s harvest. The rainfall coupled with snow in the mountains improved the dam filling rate to 30% on March 10, from 26% last year. While the rain could have a limited impact on grains, spring crops will […]
Tunisia’s President Kais Saied has suspended ties with the IMF after shunning the reforms it conditioned for a lifeline deal that could have made it easier for Tunisia to access foreign loans. The failure of the $1.9 billion offered by the IMF in exchange for reforms puts Tunisia in an uphill battle to access funding […]
Egypt’s tax revenues surged by 38 percent in the first half of the 2024/2025 fiscal year, according to Finance Minister Ahmed Kouchouk. During a panel organized by the Egyptian Association for Direct Investment and Venture Capital, Kouchouk attributed this growth to the Government’s ongoing efforts to broaden the tax base and strengthen cooperation with taxpayers. […]
Morocco outperformed all North African countries in the Heritage Foundation’s Economic Freedom index, which cites the reforms that boosted the private sector’s dynamism. The annual index covers 12 freedoms—from property rights to financial freedom—in 184 countries. Morocco’s score improved by 3.5 points to 60.3, with its global ranking enhanced to 86th position. Morocco is now […]
Libya’s Central Bank has published its financial report for the first two months of 2025, revealing total revenues of 18.256 billion dinars and expenditures exceeding 8.4 billion dinars. The primary source of revenue for the period from January 1 to February 28 was oil sales, which generated 14 billion dinars. Additional income came from oil […]
Morocco, thanks to its economic strengths, political stability, and investment-friendly environment, is asserting itself as an essential destination for investors looking to capitalize on the dynamics of the tourism sector, says UN Tourism in a report titled “Investing in Morocco.” In this report, Secretary General of UN Tourism, Zurab Pololikashvili, says “Morocco offers highly attractive […]
Morocco’s central bank, Bank Al-Maghrib (BAM), has published this week the first version of its practical guide on the fight against money laundering and the financing of terrorism (AML-CFT). This guide, which is part of efforts to raise public awareness about the risks of money laundering and terrorism financing, explains what money laundering and terrorism […]
Nigeria has become the 77th shareholder in the European Bank for Reconstruction and Development. The Bank’s board of governors approved Nigeria’s membership after it amended its laws to expand incremental funding to Sub-Saharan Africa, the bank said in a statement. Through this membership, Nigeria hopes to benefit from EBRD funding, which is yet to be […]