First Independent Mena Newspaper
The African Development Bank (AfDB) has approved an additional €150 million loan for Morocco’s Communal Equipment Fund (French acronym FEC) to enable it Finance 26 infrastructure projects focusing on water, sanitation, urban mobility, energy efficiency, and social facilities in over 30 municipalities. The AfDB has also agreed to provide FEC nearly €1 million in technical […]
Investment opportunities in Morocco’s Southern provinces and the achievements made there were highlighted on Wednesday in Paris during a meeting attended by a group of French economic operators and several members of the Moroccan community living in France. Initiated by the “Maroc Entrepreneurs” Association, in partnership with the French Federation “InfraNum,” the meeting enabled managing […]
The government of Burkina-Faso has reaffirmed its unwavering support for Morocco’s territorial integrity and commended UN Security Council resolution 2797 endorsing Moroccan autonomy plan in the Sahara under the Kingdom’s sovereignty This supportive stand comes in a joint statement issued Wednesday following the 5th Session of the Morocco-Burkina Faso Joint Cooperation Commission held in Ouagadougou […]
Morocco is implementing a comprehensive pharmaceutical policy overhaul through its 2026 Finance Bill, targeting dramatic reductions in medication costs while strengthening health security and domestic manufacturing capacity. The reform centers on unprecedented customs duty cuts, affecting 112 pharmaceutical products. Budget Minister Fouzi Lekjaa had announced, during the presentation of the detailed draft budget of the […]
The Central Bank of Libya (CBL) has granted final practice permits to 91 companies and foreign exchange bureaux, as the Libyan dinar fell to 8.17 against the US dollar on the black market, amid ongoing cash shortages. The decision was announced on Tuesday, December 9. The CBL said the latest licensing forms part of its […]
Morocco’s livestock reconstitution program has achieved substantial progress with the establishment of a comprehensive database documenting 32.8 million animal head and approximately 1.2 million herders, Agriculture Minister Ahmed El Bouari announced Tuesday in Rabat. Speaking before the Chamber of Counselors regarding measures to preserve and strengthen national livestock, El Bouari explained that the database has […]
Mauritania hosted, Dec.8-9, its National Insurance Conference in Nouakchott, aimed at modernizing a sector that currently contributes only 0.33% of GDP, far below the African average of 2%. The conference, organized by the Central Bank of Mauritania (BCM) following the adoption of new legislation in September 2025, brought together hundreds of insurance professionals, experts, investors, […]
Morocco’s ambitious push to meet 60 percent of its water needs through desalination by 2030 has sparked a critical drive toward industrial self-sufficiency in this vital sector. As the country battles its seventh consecutive year of drought, developing domestic expertise has become essential for adapting solutions to local conditions and reducing long-term costs. The kingdom […]
Foreign investors concentrated their activities in Morocco’s equity market across four primary sectors representing 66 percent of total trading volumes in 2024, according to the Moroccan Capital Market Authority (AMMC). The banking sector led foreign investment activity with 31.2 percent of traded volumes, followed by the building materials and construction sector at 13.3 percent. Distribution […]
Moroccan household purchasing power improved 5.1 points in 2024 compared to 1.8 points in 2023, according to the High Commission for Planning. The enhancement follows consumer price index evolution of just 0.9 percent reached in 2024, significantly below previous years. Household gross disposable income recorded 6.7 percent growth to reach 1,059.7 billion dirhams in 2024, […]