First Independent Mena Newspaper
France is gradually tilting towards an outright recognition of Morocco’s sovereignty over the Sahara territory where it said Paris is ready to back Morocco’s investments. The position to back Morocco’s economic projects in the Sahara was first expressed by French foreign minister Stephane Séjourné in February and reiterated this month by French minister in charge […]
Kenya is seemingly taking the first steps to recognize Morocco’s sovereignty over the Sahara territory, following the example of the US and nearly half African states. Last week, Kenya appointed its first ambassador to Morocco Jessica Muthoni Gakinya who told MPs she will attract Moroccan investments to her country and promote Kenyan exports. Meanwhile, Kenya […]
The Madrid Chamber of Commerce is organizing in Madrid on Tuesday, April 16, a Spain-Morocco business forum focused on investment opportunities in the Dakhla region, particularly in sectors such as port industry, tourism, and aquaculture. The Madrid Chamber of Commerce aims to boost Spanish companies’ investments in the Dakhla-Oued Eddahab region. The Spain-Morocco Business Forum, […]
A Bloomberg report on a poll showing a drop in ANC popularity ahead of the upcoming elections was enough to plunge South Africa’s currency, the Rand. The poll revealed that corruption-plagued ANC will face its first-ever electoral test since apartheid due to a surge in support for former president Jacob Zuma and his uMkhonto Wesizwe […]
Ghana’s president ordered an increase in farmgate cocoa prices by 58% amid a drop in output due to climate change. Ghana is the world’s second largest cocoa producer with 15% of global output of the key ingredient for chocolate production. “The increase in the producer price of cocoa has become necessary to enhance the income […]
A group of US senators introduced a bill to renew AGOA trade program with 40 nations in Sub-Saharan Africa, to help them maintain duty-free access to the US market ahead of the deal’s expiration next year. The legislation, first enacted in 2000, is expected to be extended until 2041, news agencies reported. Biden’s administration has […]
The strong and growing friendship and cooperation between Morocco and Hungary were reviewed at a meeting held in Marrakech Friday between Head of Government, Aziz Akhannouch, and Hungarian Prime Minister, Viktor Orban, who is visiting the Kingdom. The meeting celebrated the strong and growing friendship and cooperation between Morocco and Hungary, which reflects the commitment […]
Africa’s trade volume is projected to shrink in the first six month of 2024, as the recent attacks by Iran-backed Houthi rebels on commercial vessels will have a huge consequence on the economies of African countries, especially those in North and East Africa, says a new report compiled by Afrexim Bank. As Yemen-based militants continue […]
French Société General plans to sell its majority stake in its Moroccan branches to Saham group for 745 million euros, as it continues its divestment from the African continent. The transaction which includes Société Générale Marocaine de Banques and La Marocaine Vie is expected to be completed by end of 2024. The French group owns […]
The US should craft a foreign policy in Africa that focuses on critical minerals to curb dependence on China, the United States Institute of Peace said. “US economic and national security depend on securing a reliable supply of critical minerals, including from Africa,” the Washington-based Think tank said in a report. The US relies on […]