First Independent Mena Newspaper
Morocco’s phosphates and fertilizers giant, OCP, plans a bond issue ranging between $1.5 billion and $2 billion as it launched major investments in renewable energies, desalination, green hydrogen, and ammonia. The news, relayed by Medias24 and major news agencies, marks the first bond by OCP since it announced an ambitious growth strategy of about $12 […]
Sub-Saharan Africans’ income is further decreasing compared to the rest of the World amid a lackluster economic growth, the International Monetary Fund Said. Amid a surge in geopolitical conflicts and climate change devastating impacts, Sub-Saharan African economies would only grow by 3.8% this year, up from 3.4% in 2023, the IMF said in a report. […]
Morocco is one of the friendly countries on which Mali relies to pursue its reconstruction and stabilization, Malian Prime Minister, Choguel Kokalla Maïga, said. Maïga made the remarks when receiving the Moroccan delegation which participated in the Week of Malian Expert Surveyors (April 18-20), where the Kingdom was the guest of honor. The Malian PM […]
Royal Air Maroc and Safran have agreed to foster their partnership in aircraft engines maintenance, the backbone of a secure and reliable air travel system. The agreement was inked in Casablanca by Hamid Addou, CEO of RAM, and Jean-Paul Alary, CEO of Safran Aircraft Engines, in the presence of Mohamed Abdeljalil, Minister of Transport. Safran […]
RAM has tendered on April 15 to buy a new fleet of planes as the company opens new routes and braces for an increasing demand by tourists on Morocco destination. The news was confirmed to Reuters by RAM CEO Abdelhamid Addou, who said the airlines plans to quadruple its fleet from 52 over the next […]
Hunger levels in Africa are following a worrying trajectory despite the continent’s potential in terms of arable land and abundant resources, FAO chief QU Dongyu said. The lingering impact of the Covid 19 pandemic, raging conflicts, the adverse effects of climate change and economic shocks have worsened hunger prospects in Africa, Dongyu told the 33rd […]
Africa has seen a rise in its number of billionaires and its millionaire population is set to rise by 65% over the next 10 years, but at the same time, about 18,700 high-net-worth individuals have left the continent between 2013 and 2023, the 2024 Africa Wealth Report reveals. Published by Henley & Partners, an international […]
The 33rd session of the Food and Agriculture Organization’s Regional Conference for Africa (ARC33) kicked off on Thursday in Rabat, under the chairmanship of Head of Government, Aziz Akhannouch. The three-day conference, held under the theme: “Resilient agri-food systems and inclusive rural transformation”, offers a major opportunity for African countries to discuss practical and concrete […]
Liberia reaffirmed, on Thursday in Rabat, its support for Morocco’s territorial integrity and sovereignty over all its territory, including the Moroccan Sahara. This position was expressed in a joint communiqué issued following talks between Liberian Minister of Foreign Affairs, Sara Beysolow Nyanti, who is on a visit to Morocco, and her Moroccan peer Nasser Bourita. […]
Spanish investors have shown great interest in the untapped business opportunities offered in Morocco’s Dakhla-Oued Eddahab region, a gateway to African market, as Madrid and Rabat are strengthening their economic cooperation and strategic partnership. “Morocco is a regional economic power with a modern and diversified economy and its strategic geographical location enables it to access […]