First Independent Mena Newspaper
Morocco will share its experience with Senegal in sustainable development and energy transition under an agreement inked Monday in Rabat by the two African brotherly countries. The agreement provides for the know-how transfer, technical assistance and the development of joint projects in good governance in sustainable development governance, climate change, eco-waste management and circular economy. […]
The Atlantic Initiative launched in 2022 by King Mohammed VI of Morocco was expounded at a ministerial meeting, held in New York Monday, under the chairmanship of US Secretary of State Antony Blinken. During the meeting, held under the theme “Partnership for Atlantic Cooperation,” Moroccan Foreign Minister Nasser Bourita made a presentation on the Royal […]
Morocco’s modernization program was highlighted as “ambitious” in an analysis by US think tank Carnegie Endowment for International Peace, which pointed out that the Kingdom has successfully inserted itself into global value chains. “The kingdom’s trajectory in the last quarter century has been characterized by an ambitious modernization program, greater sustainability, and entry into global […]
The European Bank for Reconstruction and Development (EBRD) has approved a €15 million loan to Moroccan car equipment supplier, Tuyauto, which produces stamped metal components, exhaust systems, and heat shields. The loan is guaranteed by the EU through the European Fund for Sustainable Development Municipal Infrastructure and Industrial Resilience program to support the company’s environmental […]
Japan has granted Morocco a $180 million loan to support the kingdom’s development policy program aimed at achieving universal health coverage. The loan is destined to accelerate progress toward universal health access, with focus on improving maternal and child healthcare services in rural areas. It also marks a significant boost to Morocco’s efforts to strengthen […]
Sierra Leone has asked the International Monetary Fund (IMF) for a 38-month Extended Credit Facility (ECF) arrangement worth about $253 million. The facility would support restoring stability through continued macroeconomic adjustment to address debt vulnerabilities, reduce inflation, and rebuild international reserves; bolster inclusive growth and poverty reduction through structural reforms and targeted social spending; and […]
Over the past decade, the Algerian dinar has experienced a dramatic free-fall in value compared to the Moroccan dirham. In 2014, one dirham was worth ten dinars, but by 2024, this gap has doubled, with one dirham now equivalent to twenty Algerian dinars. This gap is not due to an appreciation of the dirham, which […]
The US has given its go-ahead for the sale of forty AGM-154C Joint Stand Off Weapons (JSOW) to Morocco. Morocco intends to use the missiles on its F-16, multi-role fighter aircraft, and will provide enhanced capabilities in effective defense of critical sea lanes, the Pentagon said. The sale “will increase the Royal Moroccan Air Force’s […]
The Central Bank of Libya (CBL) has formally dismissed what it describes as erroneous information and speculative reports regarding its recently disclosed financial statements. In a statement issued on its official Facebook page on September 19, the CBL highlighted that the data on public revenues and expenditures were published in full compliance with transparency protocols […]
Zimbabwe’s newly adopted gold-backed currency ZiG has been put to the test of increasing imports that depleted reserves, casting a shadow on the government’s plan to make it the only currency in the country by 2026. The currency was launched in April 2024 in an effort to mitigate monetary instability and hyperinflation that has plagued […]