First Independent Mena Newspaper
The International finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA), both members of the World Bank Group, have partnered with Tanger Med Port Complex, the leading industrial port complex in the Mediterranean, to expand the truck and passenger terminal and strengthen Morocco’s strategic position as a hub for regional and global trade, IFC […]
Morocco has become the largest automotive exporter to the European Union. With a robust growth trajectory in finished vehicle production, the country’s trade with Europe is set to further expand in the coming years, said London-based magazine “Automotive Logistics”. In 2023, Morocco’s automotive exports to the EU saw a substantial increase, reaching a value of […]
Morocco’s foreign minister Nasser Bourita highlighted the depth of relations with France which came following Paris unequivocal support for Morocco’s sovereignty over the Sahara. In an interview with Le Point, Bourita said the visit by Macron to Morocco on October 28-30 marked “the beginning of a new chapter in Moroccan-French relations under the leadership of […]
A gas pipeline that will connect Nigeria to Morocco has reached the land acquisition stage, the Nigerian National Petroleum Company Limited (NNCPL) said. Surveys are currently underway for Environmental and Social Impact Assessments of the project that will cost some 25 billion dollars and benefit 13 countries in West Africa. The update was given at […]
The World Bank is collaborating with Senegal to address severe flooding in the Senegal River Valley, exacerbated by exceptional rainfall and the influence of the Manantali and Diama dams. In this vein, the World Bank has stepped in with 1.149 billion FCFA through the Senegal River Valley Development and Resilience Project, the organization announced. The […]
The International Monetary Fund (IMF) has projected that Libya will lead the Arab world in economic growth by 2025, anticipating an impressive growth rate of 13.7%. According to a recent report from the IMF, Libya’s economic growth is expected to escalate from a modest 2.4% in 2023 to this remarkable figure in 2025, positioning the […]
Norway, South Korea, the United Kingdom, and the United States have officially launched a multi-donor “fund of funds”, known as FASA, whose aim is to address the financing challenges faced by agricultural small and medium-sized enterprises (agri-SMEs) across Africa. Over the next 10 years, the “Financing for Agricultural Small and Medium Enterprises in Africa” Fund, […]
Morocco and Mauritania have voiced their shared determination to upgrade their military and defense cooperation. This came during a meeting held in Marrakech between Inspector General of the FAR and Commander of the South Zone, Mohammed Berrid, and Mauritanian Minister of Defense Hanena Ould Sidi, on the sidelines of Marrakech Air Show 2024. The meeting […]
Gotion Power Morocco, a subsidiary of Chinese giant Gotion High Tech, signed a deal under which Saudi Arabia’s ACWA Power will build a 500MW wind plant, worth 800 million dollars. The plant will be equipped with 2000 MW battery storage system and will help power the EV battery plant that Gotion Power Morocco is building […]
Moroccan military and defense cooperation with the United Arab Emirates and Cape Verde was discussed on the sidelines of Marrakech Air Show 2024 held October 30 through November 2. In this connection, Inspector General of the FAR and Commander of the South Zone, Lieutenant General Mohammed Berrid, held separate meetings Thursday with Chief of Staff […]