First Independent Mena Newspaper
Moroccan cement producer CIMAF has launched works to build a plant in Burkina Faso that will be powered by solar power. The inauguration ceremony was chaired by Burkina Faso’s President Ibrahim Traore and CIMAF chief Anas Safrioui. Production will rely on locally sourced calcined clay as an alternative raw material to traditional clinker. The plant […]
The Moroccan government is preparing the 2025 budget based on expectations of an economic growth at 4.6% and a budget deficit of 3% of GDP, as it continues to attach priority to social safety nets, investments and employment. This came in the directive of the head of the government regarding the priorities of next year’s […]
A senior UN counter-terrorism official has warned about the escalating threat level that the Islamic State (ISIL/Daesh) and other related terrorist groups pose to West Africa and particularly the Sahel amid the growing political unrest and instability in the region. Vladimir Voronkov, head of the UN Office of Counter-Terrorism (UNOCT), in a briefing to the […]
Irish airline Aer Lingus has announced the launch of a new air route connecting Dublin to Marrakech starting this October, with three flights a week. The launch of this new route is part of the “expanded program of the Irish carrier aimed at providing its customers with the opportunity to enjoy the sun during the […]
Political leaders, business executives and other stakeholders from all around Africa have recently met at two high-level meetings in Nigeria’s Abuja and South Africa’s Cape Town, aiming to find ways to boost intra-Africa trade within the context of the African Continental Free Trade Area (AfCFTA). Finance ministers and central bank governors from 50 African countries […]
Spanish Checkin Hotels group has announced the opening of two new tourist establishments in Morocco, reinforcing its presence in the kingdom as part of its strategic expansion, the group said in a statement released on Wednesday. The first, DWO Marrakech Ennakhil, is a luxurious 5-star hotel situated in the vibrant city of Marrakech. The hotel […]
With a filling rate that has been reduced to 28% in August, Morocco’s water ministry cut short the delivery time of 14 key dams under construction to eight months instead of 3 years, Abdelaziz Zerouali, director of research and planning at the ministry said. Morocco has currently 5 billion cubic meters of water stored in […]
The United States said it will offer the DR of the Congo $414 million to help the country address its worsening humanitarian crisis. The DRC is a vast country where at least a quarter of its population depends on humanitarian aid, notably in the war-torn east, where rebel groups have taken vast sqathes of territory. […]
France retained its position as the first source of foreign direct investments in Morocco in 2023 with 680 million dollars, compared with 380 million a year earlier, Morocco’s foreign exchange office said. French investments represented 61% of overall investments in Morocco last year, the office said in a report. The UAE came second with investments […]
African start-ups recorded an impressive fundraising performance in July 2024, raising $420 million, the highest monthly figure since the tracking began in 2019, according to a recent report by Africa: The Big Deal. This sum also represents 2.5 times the average monthly amount raised over the past one year, signaling a strong rebound in investment […]