First Independent Mena Newspaper
Moroccan Head of Government Aziz Akhannouch attended, on Thursday, the summit for Sport and Sustainable Development in Paris. This event is being held on the sidelines of the Olympic Games to officially kick off on Friday evening. The summit brought together some 500 participants, including heads of state and government, leaders of international organizations, athletes, […]
Africa’s trade deficit with China has shrunk in the first half of this year, as exports from some, especially resource-rich, African countries have soared in the first half of the year, while imports from China to Africa fell slightly, according to the latest Chinese customs data. During the first six months of this year, China’s […]
A new credit rating agency designed to address the needs of sovereign borrowers in Africa, and led by an African Union (AU) Commissioner, is on track to be launched in 2025, according to a senior AU official. Speaking with reporters in Accra, the AU Commissioner for Economic Development, Trade, Tourism, Industry and Minerals, Albert Muchanga, […]
In 2024, Morocco is set to unseat South Africa as the largest car producer base in Africa, thanks to its investment climate which attracted investments from major European and Chinese producers. “Morocco will remain the favored investment destination for autos due to its proximity to the EU, existing trade agreements, and efficient logistics infrastructure,” Fitch […]
Sixteen years after Morocco announced its plan to rely on renewable energies for electricity production, the country has offered a model of hope for countries who are burdened by fossil fuel, thanks to large scale solar, wind and green hydrogen projects launched under the leadership of King Mohammed VI. Morocco has increased its renewable energy […]
South Korea’s LG Energy Solution (LGES) considers setting up a factory to make key electric battery component cathodes together with Chinese firms in Morocco, where numerous EV battery factories are under development. Wonjoon Suh, head of LGES’ advanced automotive battery division, told Reuters the company is negotiating partnerships with Chinese LFP cathodes makers, who produce […]
At least 14 countries will trade freely within East, Central, and Southern Africa from this Thursday, July 25, with the coming into force of a Tripartite Free Trade Area (TFTA) Agreement, which flattens the East African Community (EAC), the Southern African Development Community (SADC) and Common Market for Eastern and Southern Africa (COMESA) into a […]
The Group of Friends on Artificial Intelligence for Sustainable Development, co-chaired by Morocco and the United States, organized, in New York, a high-level event on the opportunities offered by artificial intelligence (AI) to support sustainable development in Africa. The event, titled “AI: An exponential opportunity for sustainable development in Africa”, was held Monday at the […]
Nigerian authorities fined Meta, the mother company of Facebook, whatsApp and Instagram, 220 million dollars for breaching consumer and data protection laws as well as abusing its position as market leader. The fine was announced following a 34-month investigation by Nigeria’s Federal Competition and Consumer Protection Commission (FCCPC). Meta is also accused of sharing Nigerians’ […]
Stellantis, one of the world’s leading automakers, has announced a two-phase acquisition of Sopriam, a subsidiary of the Al Mada group. The initial phase involves immediate majority control, followed by the full acquisition of 100% of shares by early 2025. Stellantis will now directly handle the import and distribution of its Peugeot, Citroën, and DS […]