First Independent Mena Newspaper
The Japan-India-Africa Business Forum, held on 26 February in Tokyo, explored opportunities for both Asian powers to collaborate on Africa’s sustainable economic development, while leveraging their expertise in technology, finance, and industrial growth. Co-hosted by Japan’s Ministry of Economy, Trade, and Industry (METI) and Nikkei, the event brought together over 2,000 participants from 46 countries […]
Growth in Morocco is expected to increase from 3 per cent in 2024 to 3.6% in 2025 and 3.4% in 2026 as structural reforms yield positive results, according to the projections issued Friday by the European Bank for Reconstruction and Development. In its latest Regional Economic Prospects report, the Bank said Morocco’s manufacturing and construction […]
Morocco and Egypt are reviewing their free trade deals after Egyptian authorities-imposed restrictions on Morocco’s car exports. The news was confirmed by spokesman for the government Mustapha Baitas who said relations between the two countries were excellent but their trade agreement was being reviewed by trade officials. News outlets from the two countries mentioned that […]
The decision to forgo the rite of slaughtering on Eid Al Adha this year was welcomed by Moroccan households, mostly the poor and the middle class, who have been relieved of a financial burden that could jeopardize their finances amid rising prices. Moroccan media have spoken to random people in different streets expressing relief at […]
Groundbreaking artificial intelligence technologies are dismantling longstanding language barriers across Africa, democratizing digital access for millions, previously excluded from the global information economy. LugandaGPT leads this transformation by enabling indigenous language speakers to engage with online content that has historically remained confined to dominant global languages. This technological revolution captured attention during the AI Summit […]
The G20 summit wrapped up in Africa without a joint communiqué amid an absence of the US and major financial chiefs. The United States boycotted the event citing South Africa’s “anti-Americanism”. The decision also came after fierce criticism by Trump, who accused the South African government of discrimination against its white minority. The absence of […]
In a bid to alleviate the burden of rising living costs on citizens, the Egyptian government has announced a substantial EGP 200 billion social support package, which will be implemented during Ramadan and extended into the upcoming fiscal year. Prime Minister Mostafa Madbouly revealed the details of the new initiative on Wednesday February 26, which […]
Botswana and South African mining giant De Beers have finalized a landmark 10-year agreement, enhancing the country’s stake in diamond sales and providing a boost to its critical diamond sector. After six years of negotiations, the deal will see Botswana’s share of rough diamond sales rise from 25% to 30% in the first five years, […]
Attijariwafa Bank reported a 26.6% increase in its annual 2024 net profit to 950 million dollars, amid an expansion of activity in Morocco and in African subsidiaries. The bank reported an 8% increase in loans to the economy in Morocco, raising its market share to 28.1% from 26.9% in 2023, it said in a statement […]
Morocco has emerged as a model of economic resilience in Africa according to the latest United Nations Conference on Trade and Development (UNCTAD) report, which identifies the Kingdom as one of the continent’s least vulnerable economies to external shocks. The comprehensive assessment, reported by Les Inspirations Eco, highlights Morocco’s strategic investments in modern infrastructure that […]