First Independent Mena Newspaper
The European Bank for Reconstruction and Development (EBRD) on Tuesday reaffirmed its support for Morocco’s energy transition by providing a €13.6 million loan to PROCANEQ, a company set up in Morocco in 2016 to provide mining subcontracting services to OCP Group. The EBRD financing, meant to step up the sector’s green transition, will be used […]
Morocco’s trade deficit narrowed by 1% from January to May to 117 billion dirhams ($11.7 bln), after exports rose to 191 billion dirhams, but still less than imports at 308 billion dirhams. The automotive sector topped Morocco’s exports at 67 billion dirhams, up 12%, auguring well for another record exports this year. Aeronautics was the […]
An official Moroccan trade delegation held talks in Washington with top officials at the he U.S. Department of Commerce on building on their existing Free Trade Agreement to further boost ties. The Moroccan delegation was led by industry and trade minister Ryad Mezzour, while the US delegation was chaired by the US Assistant Trade Representative […]
An international research seminar on the theme of “territorial autonomy: the promotion of foreign direct investment”, held in New York Monday provided a platform to compare the Morocco-proposed Autonomy Initiative for the Sahara region with other autonomy experiences in the world, particularly with regard to the promotion of foreign direct investments in the autonomous regions […]
European aircraft manufacturer, Airbus, has agreed with U.S. supplier “Spirit AeroSystems” to acquire the major activities related to its airbus planes manufacturing in five plants, including the Casablanca site. In a press release issued Monday, Airbus said the $559 million acquisition deal aims to ensure stability of supply for its commercial aircraft programs through a […]
Morocco’s flag carrier Royal Air Maroc was ranked the second-best carrier in the African continent, outperformed by Ethiopian Airlines which took the first position for the seventh year in a row. RAM won the title of the best regional airline in Africa, as it continues to expand its fleet, services, and destinations. RAM plans to […]
Ethiopia and South Sudan are putting the final touches to start building a 220-km cross border road that would cost up to 738 million dollars. The deal for the road was signed by the two governments in May 2023 and has just been approved by the South Sudanese legislative assembly, according to an Ethiopian foreign […]
The International Monetary Fund gave the greenlight for the disbursement of 360 million dollars to Ghana, after the latter reached an agreement with its creditors to restructure its debt. “The authorities’ strategy aimed at restoring macroeconomic stability and reducing debt vulnerabilities is paying off, with clear signs of stabilization emerging,” IMF Deputy Managing Director Kenji […]
Africa’s interests as an important component of the Global South must be preserved in the new global digital order, stressed from London Latifa Akharbach, President of Morocco’s High Authority for Audiovisual Communication (HACA). Speaking at the University of Westminster as part of an international conference on “The regulation of digital media and its challenges for […]
Morocco and Germany signed a climate and energy alliance that includes cooperation in green hydrogen, to which Morocco attaches utmost importance in its energy diversification plans. The alliance was signed by Foreign minister Nasser Bourita and German Development Minister Svenja Schulze in Berlin. Hydrogen is key to Germany’s goal to reach carbon neutrality by 2045. […]