First Independent Mena Newspaper
In a remarkable display of agricultural prowess, Morocco’s citrus sector is experiencing unprecedented growth, with exports projected to reach 597,000 tons in the 2024-2025 season—a striking 31% increase from the previous year. This achievement solidifies the country’s position as the third-largest citrus exporter in Africa, trailing only South Africa and Egypt. The surge in exports […]
Senegal’s Sangomar offshore oil and gas field has produced 16.9 million barrels in 2024, surpassing its 11.7 million target, according to official figures. Sangomar field, about 100km south of Dakar, achieved its first oil production in June 2024 and is expected to pump at least 100,000 barrels daily. The project is a joint venture between […]
John Dramani Mahama, 66, has been sworn in this Tuesday Jan.7 for his second term as Ghana’s president following a decisive victory in the December 7 election. The swearing-in ceremony in capital Accra took place in the presence of some 20 regional leaders. King Mohammed VI of Morocco was represented at the ceremony by Speaker […]
Barrick Gold, the second largest gold mining company globally, said it mulls stopping production at its mine in Mali if the ban on shipments was not lifted. The company made the threat in reaction to measures by Bamako authorities to renegotiate the permit in order to have a bigger share of operations in the gold […]
Nigerian naira, Malawian kwacha and Rwandan franc have been named the worst-performing African currencies against the US dollar in 2024, according to a latest report, having faced an array of challenges, from persistent trade imbalances, dwindling foreign reserves, to political instability. Some African nations strengthened their currencies, while others faced worsening exchange rates in 2024. […]
Morocco’s leading port operator, Marsa Maroc, plans to invest in the capital of Djibouti’s Damerjog Oil FZE, which is funding an east African oil and gas terminal and pipelines. Marsa Maroc has created a subsidiary dubbed Marsa Maroc International Logistics to oversee its African expansion. The new company will run the Djibouti investment through its […]
Start-ups in Africa cumulatively raised $2.2 billion in equity, debt, and grants (excluding exits) in 2024, and though it is a significant figure in absolute terms, it represents a 25% drop compared to the $2.9 billion that were raised on the continent in 2023, ‘Africa: The Big Deal’ has revealed. According to the funding report […]
China Eastern Airlines Group will launch, via its subsidiary Shanghai Airlines, an air route between Shanghai and Casablanca starting January 19, Chinese media report. The long-haul flight, to operate three times a week (Tuesday, Friday and Sunday), will link Shanghai-Pudong international Airport to Casablanca’s Mohammed V Airport, with a layover in Marseilles. Flights from Shanghai […]
Moroccan banks were busy treating requests by cash holders and owners of undeclared assets in exchange for a preferential tax of 5% only, in an operation that ended on December 31 with the injection of 100 billion dirhams or 10 billion dollars in the Moroccan banking system. At least 5 billion dirhams went to the […]
The Libyan Export Development Center announced on Wednesday January 1 that Libya secured three prizes in the Al-Ahram International Olive Oil Competition for 2025. A total of 193 olive oil samples from 20 countries participated in the competition. According to the Center’s Facebook post, companies registered in the exporters’ registry won gold and silver medals. […]