First Independent Mena Newspaper
The European Bank for Reconstruction and Development has approved a financing of 200 million euros to support the desalination program of Morocco’s phosphates group, OCP. The loan will finance the construction of two OCP seawater desalination facilities, at its key industrial complexes in El Jadida (Jorf Lasfar) and Safi, the bank said in a statement. […]
Senegal prepares for crucial legislative elections that will determine the new government’s ability to implement promised reforms amid mounting economic challenges. The vote follows a period of significant political tension, with over 7 million registered voters choosing representatives for the 165-seat assembly from 41 political entities. Prime Minister Ousmane Sonko’s recent statements regarding supporters’ safety […]
The Nigerian Government has secured a $134 million loan from the African Development Bank (AfDB) to strengthen its agricultural sector amid growing food insecurity concerns. This funding aims to increase seed and grain production and improve food security, according to a statement of the Agriculture ministry on November 14. A recent “Harmonized Framework” report, prepared […]
Morocco’s booming EV battery industry positions the country to become an export hub to the EU and the US by 2030, said a report commissioned by the UK government under its Manufacturing Africa program. Morocco “could competitively produce and export LFP batteries to Europe by 2030 at USD 68-72/kWh. This could generate USD 10-15 billion […]
Ryanair will connect the city of Dakhla in the Moroccan Sahara to Spanish Capital Madrid, and Lanzarote in the Canary Island. The direct route will be opened in January 2025, under an agreement between the low-cost airline and Morocco’s tourism promotion office ONMT. Nestled along the sun-kissed Atlantic coastline, this enchanting city has swiftly risen […]
Côte d’Ivoire will set up a $500 million green financing fund to support sustainable growth initiatives and enhance climate action, the IMF said. This new facility will be part of the African Green Banks Initiative, aiming to create a $1.5 billion ecosystem of green investment facilities across the continent by 2030. The facility will be […]
The International Monetary Fund (IMF) has approved $415 million to support Morocco’s efforts to mitigate the negative impacts of climate change on its economic growth. Morocco continues to make progress in bolstering its resilience against climate change and seizing the opportunities from decarbonization, under the Resilience and Sustainability Facility (RSF), said the Fund in a […]
France is committed to contributing to the socio-economic development of the Dakhla-Oued Eddahab region, as part of the multifaceted cooperation between France and Morocco, Ambassador Christophe Lecourtier said Tuesday in Dakhla. “We are working to embody France’s concrete willingness” to contribute, alongside Morocco, to enshrining the economic and social development of the southern provinces, Lecourtier […]
Spain has acquired four seismometers under a lease-to-own contract, for a total cost of nearly 500,000 euros. These devices will be used to study the seismic activity in the Strait of Gibraltar area, where the future railway tunnel connecting Morocco to Spain is planned to pass, Spanish portal Vozpopuli reported. The connection points are expected […]
Morocco plans to set up a train assembly plant that will be geared for exports as well as for domestic use as the country expands its rail network, the transport minister Abdessamad Kayouh said. Briefing MPs on the latest developments on the rail sector, the minister said rail operator ONCF will add an additional 1300 […]