First Independent Mena Newspaper
The reported Algerian threats to stop delivering natural gas to Spain’s Naturgy if the utility company sells shares to another company show the real face of the Algerian regime controlled by rogue Generals. Naturgy consortium holds a 49 pc stake in Medgaz pipeline which transports gas from Algeria to Spain, while state-owned Sonatrach of Algeria […]
Morocco has placed utmost priority on food security in its wider African policy, under the leadership of King Mohammed VI, foreign minister Nasser Bourita said. Morocco has relied on three levers to boost African food security: Morocco’s fertilizers and phosphates giant OCP, the agriculture ministry, and a south-south cooperation approach spurred by the king, Bourita […]
Director General of the International Labor Organization (ILO), Gilbert Fossoun Houngbo, has hailed the efforts made by Morocco to build a model social State thanks to the implementation of a comprehensive social inclusion and protection policy. Mr. Houngbo made the remarks on the sidelines of the visit he is paying since Monday to the North […]
Algeria’s President Tebboune has received a boon from Nigeria whose GDP shrunk to become the fourth largest African economy, ceding the third place to Algeria. In what many observers see as an early electoral campaign, Tebboune gave half-economic truths as usual boasting that Algeria became the third largest African economy, thanks to his policies! In […]
Following suit to other major Spanish hotel groups, conglomerate Hotusa revealed plans to have a footprint in Morocco through its hotel subsidiary, Eurostars Hotel Company. The group disclosed, in a recent announcement, that it would inaugurate three hotels in the North African Kingdom, with openings slated for 2024 and 2025. The inaugural property, Eurostars Casa […]
China’s Ganfeng Lithium Group Co. plans to acquire 40% of the Goulamina lithium project in Mali from Australia’s Leo Lithium Ltd, to take full control of the precious mine. Lithium together with Cobalt and other critical minerals for energy transition are at the heart of fierce competition in Africa between Chinese and Western companies. A […]
Chinese company Zhejiang Hailiang has announced plans to invest $288 million in a Moroccan facility to produce copper foil for lithium batteries to power electric vehicles. According to press reports, citing the Company’s filing to the Shenzhen Stock Exchange, the new Moroccan base will enable the Chinese producer of copper tubes and rods to meet […]
Morocco’s handicrafts exports grew to $1 billion in 2023, up 7% from a year earlier, tourism minister said. Speaking at a fair in Rabat, Fatima Zahra Ammour said her department was working to preserve 32 handicrafts. Morocco’s colourful and diversified handicrafts employ 20% of the total Moroccan workforce. Despite its strong social dimension, the sector […]
Investment opportunities in Morocco and the strength of the strategic partnership binding the Kingdom and the United States were highlighted during a roundtable discussion held in the city of Arlington, Texas (South), on the sidelines of the U.S.-Africa Business Summit which runs through May 9 in Dallas. Addressing the panel, Morocco’s ambassador to the United […]
Cocaine, cannabis resin and pharmaceutical opioids are the internationally trafficked drugs most seized in the Sahel, a region used by criminal networks and armed groups as a “natural stopover point” on trafficking routes from South America to Europe, according to a new report from the UN Office on Drugs and Crime (UNODC). Drug trafficking in […]