First Independent Mena Newspaper
Morocco’s water and electricity agency ONEE and Mauritania’s electricity supplier SOMEC signed an agreement to connect their electricity grids. The agreement was signed by head of ONEE Tarik Hamane with his counterpart Sidi Salem Mohaned Elabd in Nouakchott. The project “is part of the Royal Atlantic initiative that aims at promoting African integration and south-south […]
The four-day ‘Investing in African Mining Indaba’ that officially kicked off in Cape Town, South Africa, on Monday (3 January) features presentations from mining experts, delegates and influential policymakers and also includes discussions on the effects that US tariffs and the freeze on foreign aid might have on Africa’s mining industries. The African mining-focused event […]
Japanese companies have launched a prospecting mission in the automotive sector in Morocco, the aim being to strengthen economic ties between Morocco and Japan. The prospecting mission, running from February 3 to 5, seeks to introduce participating Japanese companies to Morocco’s business environment and the various potential opportunities in the automotive sector. At a meeting […]
A strike law that the government managed to pass in the Parliament’s two chambers has been rejected by the main labor union, who called for a nation-wide strike and protests. In addition to the law, the unions decry the impact of inflation, low wages and what they describe as deteriorating conditions of the working class. […]
Drought continues to slash jobs in rural areas leading to the surge of the unemployment rate to 13.3% in 2024, compared with 13% in 2023, the statistics agency HCP said. The number of unemployed people in Morocco reached 1.638 million people last year, ringing the alarm bell for the government. The unemployment rate was notably […]
The Kremlin has announced the expansion of the list of “friendly and neutral” African countries whose banks may now trade currencies and derivatives in Russia. By adding Nigeria, Tunisia and Ethiopia to the list, “the number of friendly and neutral countries whose credit institutions and brokers will be allowed to trade on the Russian foreign […]
Morocco’s tourism revenue grew 7% to 11.2 billion dollars thanks to increased arrivals, the tourism ministry said. With 17.4 million tourists visiting in 2024, arrivals were two years ahead of schedule or 20% higher compared with 2023, showing the country has turned the Covid-19 page thanks to major investments in its hospitality sector. Morocco plans […]
The Arabian Gulf Oil Company (AGOCO), National Construction, and Al-Jawf companies have issued a stern warning regarding the adverse effects of delayed operational budget disbursements, describing this as a significant barrier to projects aimed at boosting production. The companies raised these concerns during the first session of the General Assembly of the National Oil Corporation […]
The ongoing development projects in Morocco meant the country had to import more equipment and semi-finished products in 2024, leading to an expansion of the trade deficit by 7.3% at 300 billion dirhams ($30 bln). Imports at $76.1 billion outweighed exports at $43 billion, the foreign exchange regulator said. Morocco’s leading exports were cars and […]
The Arab Union for Sports Culture awarded, on Sunday in Doha, the “2024 Arab Sports Culture Honorary Prize” to the President of the Royal Moroccan Football Federation (FRMF), Fouzi Lekjaa. The award was presented to Lekjaa during a ceremony held on the sidelines of the 5th Annual Conference on Sports Culture in the Arab World, […]