First Independent Mena Newspaper
Morocco is set to take advantage of its improving macroeconomic situation by tapping into the bond market, more than a year after its successful $2.5 billion bond, Nadia Fettah Alaoui said. The bond would strengthen state finances and help cut the deficit, Fettah Alaoui told Bloomberg. “We are constantly monitoring the market.” “We do not […]
Moroccan banks operate in 30 African countries where they generate 23% of their revenue, Moroccan central bank governor Abdellatif Jouahri said while speaking about investments by Moroccan firms in the continent. Speaking at an event on the Atlantic initiative, launched by King Mohammed VI to bolster regional integration, Jouahri highlighted the monarch’s win-win approach in […]
Administrator of U.S. Agency for International Development, Samantha Power, has praised Morocco’s inclusive development, good governance and education reform to meet the needs of the labor market. At a meeting held Wednesday in Rabat with Moroccan foreign minister Nasser Bourita, the USAID chief commended Morocco’s efforts made to reduce greenhouse gas emissions, enhance youth empowerment […]
Morocco is looking forward to benefiting from the experience and know-how of Serum Institute of India in vaccine manufacturing and biotechnology to ensure its vaccine sovereignty. Cooperation prospects between the North African Kingdom and the Indian Institute were at the center of a meeting held Tuesday in Rabat between a delegation representing the world’s largest […]
Côte d’Ivoire, the world’s top cocoa producer, has risen to the top spot as the best-rated sovereign in sub-Saharan Africa with foreign debt outstanding, overtaking South Africa, according to the latest S&P Global Ratings. While both countries maintain their BB- ratings by S&P Global Ratings, Côte d’Ivoire shifted to positive on what the ratings company […]
The economy of Guinea Bissau remains highly dependent on Cashew nuts, whose exports dropped significantly last year depriving the country of much needed revenue to diversify the economy and curb poverty, the World Bank said. “While cashew production reached 260 thousand tons, the highest production yield on record, only 170 thousand tons were exported by […]
Ambassadors from several African countries hailed, Wednesday in Dakhla, the “credibility” and “boldness” of King Mohammed VI’s initiative to promote Sahel countries’ access to the Atlantic Ocean. “Despite the security challenges facing Sahel countries, Morocco, through the Royal Initiative, strives to make the Atlantic coast a large-scale economic integration center,” they stated during a panel […]
USAID chief Samantha Power has announced the launch of a new initiative destined to help Moroccan vulnerable cooperatives and entrepreneurs in rural areas adapt to climate change, grow their economic activities, and build resilience to climate shocks and water scarcity. The announcement of the new Cooperative Resilience Program was made by Smantha at the Mohammed […]
Preparations are underway to launch 5G internet service in Morocco before 2030, when the country will co-host the world cup together with Spain and Portugal, digital transition and administration reform minister delegate Ghita Mezzour said. The official told MPs that the launch of 5G is part of Morocco’s 2030 digital strategy, and that the new […]
Africa’s cotton industry is expected to grow to 7.7 billion dollars by 2029, from a market size of 6 billion dollars in 2024, Mordor Intelligence, a global market screener said. The World Bank and other development institutions are assisting key African producers to boost output. Nearly 50% of African cotton is produced in wet African […]