First Independent Mena Newspaper
The European Union (EU) has announced new sanctions targeting Sudan’s gold sector, banning the purchase, import and transfer of Sudanese gold, while also prohibiting the export of mercury and cyanide used in gold mining. The measures are intended to curb financial resources that sustain the conflict and increase pressure on those accused of fuelling the […]
Local commodity prices in Mauritania increased significantly in June 2026, contributing to rising inflationary pressures, according to the National Agency for Statistics and Population and Economic Analysis. The Agency’s monthly Consumer Price Index report showed that prices of locally produced goods rose by 1% in June 2026, pushing annual inflation for local products to 10.2% […]
Morocco has called for making the Afro-Atlantic space a driver of peace, stability and shared prosperity in line with the Royal vision and initiatives launched for Sahel countries and for strengthening cooperation between African countries bordering the Atlantic Ocean. In an address to the 7th ministerial meeting of the Atlantic African States Process (AASP) convening […]
The World Bank has launched a new 10-year partnership framework with Morocco to help accelerate job creation and support inclusive, competitive, and resilient economy. “This Country Partnership Framework marks a decisive milestone for Morocco. What makes it distinctive is its structuring nature; it aligns public and private financing, knowledge, and reforms around a shared vision […]
Royal Air Maroc has unveiled its summer 2026 program, its most ambitious seasonal schedule to date. The national carrier will offer nearly 8.2 million seats across 86 international destinations, a 23 percent increase on the corresponding summer 2025 program. The expansion is driven by a fleet of 67 aircraft — the largest in the company’s […]
Morocco’s central bank and competition regulator said reforms have ended the long-standing dominance of the Centre Monétique Interbancaire (CMI) in the country’s bank-card payment market, opening the sector to new operators and lowering costs for merchants. Morocco has completed the transition from a market where CMI was the sole provider of merchant card-acquiring services to […]
Sudan’s Government has announced the creation of a banking finance portfolio exceeding 3 trillion Sudanese pounds to support the 2026 summer agricultural season and strengthen the country’s productive sector. Finance Minister Gibril Ibrahim announced the initiative last Week, as farmers face major challenges, including shortages of funding, improved seeds, fertilizers, fuel and rising production costs […]
African countries, facing cuts to traditional aid budgets in major donor countries, are under growing pressure to mobilize more of their own domestic resources to finance their development, the United Nations’ Economic Commission for Africa (UNECA) said. In a recent press release, the UNECA, citing data from the Organization for Economic Co-operation and Development (OECD), […]
Moroccan drugmaker Galenica has shipped its first pharmaceutical export to Russia in partnership with Asia Pharm Group, a milestone the company describes as a historic first for a Moroccan, Arab and African pharmaceutical laboratory entering the Eurasian Economic Union market. The shipment follows Galenica becoming the first Moroccan, Arab and African drugmaker to obtain GMP […]
Tunisia’s economy has shown signs of recovery after several difficult years, but high public debt, limited access to external financing and persistent structural weaknesses continue to threaten the country’s outlook, the World Bank said. Tunisia’s economy grew by 2.5% in 2025, up from 1.6% a year earlier, driven by a recovery in agriculture and increased […]