First Independent Mena Newspaper
South Africa, the 14th largest carbon emitter in the World, has so far failed to match words with action as far as cutting carbon emissions is concerned, as it continues to heavily rely on coal amid slow implementation of renewable energy projects, an independent report said. The report, commissioned by the South African presidency, found […]
The Board of Directors of the African Development Bank (AfDB) Group has approved a €120 million financing to support Morocco’s Governance and Climate Change Resilience Support Program (GCRRP) – Phase 1. The main objective of this program is to implement reforms guaranteed to boost Moroccan economy and consolidate its resilience to exogenous factors including climate […]
A report by FSD Africa, a UK-funded development agency, found that a greener economy in Africa could create 3.3 million jobs by 2030, mainly in the renewable energy sector. The report focuses on five countries: the Democratic Republic of the Congo, Ethiopia, Kenya, Nigeria, and South Africa, where approximately 60% of green economy jobs will […]
Several high-level meetings on the strategic Nigeria-Morocco African Atlantic Gas Pipeline project were held in Rabat this July 15-19, with the participation of all the countries involved in the project and representatives of the Economic Community of West African States (ECOWAS), and the West African Gas Pipeline Authority (WAGPA), Morocco’s National Office of Hydrocarbons and […]
Morocco forecasts economic growth to rise to 4.6% in 2025, based on current assumptions, Economy and Finance Minister, Nadia Fettah, said in Rabat on Thursday. The official, who was presenting the 2024 Budget execution, the 2025 finance bill framework and the three-year budget plan for 2025-2027 at a joint meeting of the finance committees of […]
In the last five years, Moroccan diplomacy, under the leadership of King Mohammed VI, won increasing support from global powers for its territorial integrity and sovereignty over the Sahra territory. The US recognition of Morocco’s sovereignty over the Sahara territory in 2020- as part of a trilateral deal involving the resumption of ties with Israel- […]
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 […]