First Independent Mena Newspaper
Keen to save its hard currency reserves for tougher days, Algeria continues an unrelentless import restriction policy that resulted in severe shortages of key products with tires and coffee being the latest to join a long list of expensive and unavailable goods in the country. Transport unions have rung the alarm bell as to the […]
The Moroccan government has launched a digital economy strategy that aims at creating 240 jobs by 2030. Head of the government gave the figure during the launch of the strategy which covers the training of 100,000 youth annually on digital economy jobs. the government has earmarked 11 billion dirhams ($ 1.1 billion) to the strategy […]
Egypt has unveiled its strategic objectives to scale up exports to over $140 billion by 2030 and secure annual foreign direct investment (FDI) inflows of $20 billion. “This is a realistic and achievable target,” Prime Minister Mostafa Madbouly said at a press conference on September 25. He emphasizing the feasibility of these economic milestones, highlighting […]
Moroccan port operator Marsa Maroc has signed a deal to start operating Benin’s Cotonou port terminals next month, a statement said. Marsa Maroc will operate terminal 1 and 5 in Cotonou’s port after winning an international tender issued by the company in charge of cargo handling, Société Béninoise des Manutentions Portuaires (SOBEMAP). Casablanca-listed Marsa Maroc […]
Morocco has agreed with Mano River Union to foster cooperation ties in security, economy, investment, finance, education, technical assistance, and vocational training. The Mano River Union, which was established in 1973, includes Liberia, Sierra Leone, Guinea and Côte d’Ivoire. The four African countries and Morocco share the same views and goals to spur regional growth […]
Italian oil company Eni announced on September 24 that it will begin onshore exploratory drilling in Libya’s Ghadames Basin next month, with plans to launch an offshore drilling campaign in the Sirte Basin by the end of 2025. Speaking at the Libyan-Italian roundtable in Rome, Martina Obizzi, President of the North Africa and Levant region […]
Half of the ten least performing currencies in the World are African, said a Bloomberg report, highlighting the risk facing some of the continent’s devalued currencies due to lack of dollar liquidity. Zambian kwacha, the Angolan kwanza, and the Nigerian naira are in the top 3 most fragile African currencies, according to the report. Zambia’s […]
Morocco’s central bank maintained its benchmark rate at 2.75% amid decreasing inflation. The bank said inflation would decrease to 1.3% this year as a result of falling food prices, the main driver for inflation in the country. Inflation would increase slightly to 2.2% in 2025 as the government negotiates a new wave of price hikes […]
Morocco and the United Arab Emirates have agreed to step up cooperation ties in security through the exchange of experiences in professional police training, advanced police studies and forensic science enabling law enforcement to deliver efficient & effective service. The agreement was inked Monday in Abu Dhabi during the working visit Abdellatif Hammouchi, Head of […]
The political deadlock in Libya continues, with the country facing a major crisis following the Libyan Presidential Council’s decision to dismiss Central Bank Governor Al-Siddik al-Kabir over a month ago. The Council’s move to appoint a new Governor and Management Committee has intensified divisions within the country, as this authority lies with Parliament and the […]