First Independent Mena Newspaper
The Bourse Régionale des Valeurs Mobilières (BRVM), West Africa’s regional stock exchange, has reached an unprecedented market capitalization of about $21.2 billion, marking a milestone for the eight-member West African Economic and Monetary Union (WAEMU). Announced on Wednesday (15 Oct), the BRVM’s market cap has soared 29.13% since the end of 2024, with a remarkable […]
Sub-Saharan African nations are facing mounting fiscal strain as they increasingly turn to domestic banks to fund government budgets, the International Monetary Fund (IMF) warned in its latest Regional Economic Outlook. With global capital markets still hesitant and aid flows uncertain, governments are borrowing more at home — paying higher rates and placing pressure on […]
Morocco stands out as an obvious destination for aerospace investment thanks to its talents — a true industrial and modern infrastructure momentum driven under the impetus of the King, said Olivier Andriès, CEO and board member of the Safran Group. “We chose to invest in the aircraft engine complex in Nouaceur based on the welcoming […]
Morocco’s public enterprise reform experience took center stage at the World Bank Annual Meetings in Washington Wednesday, with Economy and Finance Minister Nadia Fettah highlighting the sector’s pivotal role in national economic development and job creation during a panel on employment-generating public enterprise reforms. The kingdom’s 60 commercial public enterprises contribute significantly to economic vitality, […]
Royal Air Maroc has signed with Dublin-based Avolon Company a lease agreement for six Boeing 737-8 MAX planes. Two aircraft were delivered in recent weeks with the remainder to be delivered through 2025 and 2026. Commenting the deal, Paul Geaney, President and Chief Commercial Officer, Avolon said: “We are excited to welcome Royal Air Maroc […]
Moroccan Foreign Minister Nasser Bourita met his Russian counterpart, Sergei Lavrov, in Moscow this Thursday to strengthen bilateral ties under a strategic partnership, first agreed by King Mohammed VI and President Vladimir Putin in 2016. The talks focused on deepening cooperation and exploring new areas of collaboration, as both ministers praised the momentum in Morocco-Russia […]
Sabena Engineering announced the launch of construction works for a maintenance and repair facility in Benslimane, near Casablanca, that will handle heavy servicing and modernization of F-16 fighter jets and C-130 Hercules transport aircraft operated by the Royal Moroccan Air Force. The project is spearheaded by Maintenance Aero Maroc (MAM), a subsidiary of Sabena Engineering […]
Morocco’s women entrepreneurs have accessed €30 million in financing and received comprehensive business support through the European Bank for Reconstruction and Development’s decade-old Women in Business program, with 5,000 female business owners benefiting from the initiative over a decade. The figures were disclosed during the celebration of the tenth anniversary of the program held in […]
Morocco’s UN Ambassador Omar Hilale delivered a forceful defense of the kingdom’s sovereignty over Western Sahara at the UN General Assembly’s Fourth Committee Wednesday, emphasizing the region’s transformation into a hub of peace and economic development as the nation prepares to mark the 50th anniversary of the Green March. Speaking in New York, Hilale characterized […]
Morocco confronted 21 million cyberattack attempts during the first half of 2025, revealing critical vulnerabilities as the nation navigates emerging Web3 and artificial intelligence threats, according to converging reports from cybersecurity firms Kaspersky and Hacken. Kaspersky’s findings, presented at the KNext Rabat 2025 conference, identified 15 million local network attacks exploiting internal systems, removable media, […]