First Independent Mena Newspaper
Mali has said it has no intentions of leaving West Africa’s currency zone, while Burkina Faso has hinted at its possible withdrawal after they, along with Niger, announced their departure from the region’s political bloc ECOWAS as a form of protest. In a blow to hard-fought regional integration, late January, the military governments of Burkina […]
The International Finance Corporation (IFC) will help Crédit du Maroc Bank facilitate the development of small and medium-sized enterprises (SMEs), women’s entrepreneurship, and green projects with a $100 million financing package. This agreement is in line with IFC’s strategy in Morocco, which aims to support private sector-led economic growth and job creation by promoting the […]
Central Bank governor Abdellatif Jouahri warned of the impact of climate change on monetary policy and said the bank was working with the government on a strategy on combating climate change and mitigating its impact. Climate change “affects growth, employment and inflation, the main variables on which monetary policy decisions are based. Besides, climate-related […]
Morocco has launched this week the Green Growth & Jobs Accelerator Project (GGJAP), a program initiated by the United Nations Program for Development (UNDP). This program, a partnership between the UNDP Regional Office for the Arab States, the Danish-Arab Partnership Program (DAPP) and the UNDP Nordic Representative Office, covers four countries, namely Morocco, Tunisia, Egypt, […]
A delegation comprising 14 permanent representatives to the United Nations Office in Geneva undertook this week a tour of the Southern Provinces of Morocco. On this occasion, they bear witness to the distinctive development of this part of Moroccan territory. The visit of these ambassadors to the southern provinces highlights Morocco’s determination to showcase its […]
Chinese company Aeolon, specializing in the production of next-generation wind turbine blades, announced the beginning of the construction works of its first overseas plant in Morocco’s Nador Industrial Acceleration Zone. The plant, requiring an initial investment of €220.8 million, will produce wind turbine blades for markets in Europe, Africa, and the Middle East. It is […]
Morocco has emerged as the major winner from the competition engaged between the United States and China for control of the supply chain of critical minerals, used in clean energy transition and electric vehicle (EV) batteries, says the U.S. Center for Strategic and International Studies. In August 2022, the U.S. passed the Inflation Reduction Act […]
Algeria’s boycott of all Moroccan ports has backfired as the country backpedals by excluding fresh produce and meat from the decision. Last month, Algeria asked its banks to stop financing any import operation of goods transiting through Moroccan ports. The decision to exclude perishable products and meat came as the Algerian market felt the detrimental […]
Trade corridors between Tanzania and Democratic Republic of Congo (DRC) and between the latter and Kenya have been highlighted as the key links that will drive trade within the East African region by the year 2035. Increased infrastructure interconnectivity by the African states is widely seen as the key driver that will contribute to the […]
African Countries are gathered in Marrakech from January 31 to February 2 to take part in the political meeting to promote the Proliferation Security Initiative (PSI) dedicated to African countries. The event is a collaborative effort initiated by Morocco and the US. The primary objective of the initiative is to encourage African countries to support […]