First Independent Mena Newspaper
The African Continental Free Trade Area (AfCFTA) agreement offers four significant opportunities to the Moroccan automotive sector, which is among the best developed on the continent, especially for its affordable inputs, finished exports, advantageous labor, and reduced customs tariffs, the 9th edition of the CFC Africa Insights report outlined. The report, titled “AfCFTA: unlocking the […]
The African Development Bank Group (AfDB) is committed to actively contribute to financing development projects in Morocco, in line with the kingdom’s social and economic priorities. The remarks were made by the special representative of the AfDB President, Yacine Fal, at a meeting in Rabat this Thursday with Morocco’s Minister of Economy and Finance, Nadia […]
Spanish Prime Minister Pedro Sanchez welcomed strengthened ties with Morocco at all levels and reiterated his country’s position in support of Morrocco’s autonomy plan for the Sahara territory. Sanchez who is making his first visit to Morocco since his re-election recalled that Spain remains consistent in its policy towards the Sahara conflict in line with […]
The IMF welcomed the resilience of the Moroccan economy in 2023 despite external shocks and drought, noting that growth should improve to 3.5% in the medium term. “Economic growth has strengthened in 2023 thanks to the recovery in domestic demand and buoyant exports,” the IMF said in a statement the end of its Article IV […]
King Mohammed VI hosted in Rabat on Wednesday a luncheon in honor of the President of the Spanish government, Pedro Sanchez, and his accompanying delegation that included Foreign Affairs Minister José Manuel Albares. Besides the Head of the Moroccan Government, Aziz Akhannouch, who presided over the luncheon, other members of the delegation accompanying Sánchez, Speaker […]
Morocco’s Minister of Equipment and Water, Nizar Baraka, and his Mauritanian peer, Mohamed Aly Ould Sidi Mohamed, launched at a meeting held, in Rabat on Tuesday, a roadmap for strengthening bilateral cooperation in infrastructure and ports. The meeting examined the means to launch structuring projects which will have a positive impact in Mauritania, in particular […]
Niger failed to make a debt payment of 13.4 billion CFA francs ($22 million) last week, the West African debt management agency said on Monday (19 February), bringing the total default to $519 million since a coup in July 2023 and its subsequent suspension from regional financial markets. The West African Economic Monetary Union (WAEMU) […]
The African Development Bank has provided Morocco’s OCP Group three loans totaling 188 Million U.S. dollars for green projects planned by the world’s leading producer of phosphate fertilizers. The loan agreements were inked Monday in Rabat by Ousmane Fall, director of Industrialization & Trade Development at AfDB and Karim Lotfi Senhadji, OCP Chief Financial Officer […]
While interest in Africa’s critical mineral reserves, including those vital to combating climate change, is soaring, in some places their extraction is hindered by problems with vital infrastructure, according to several recent studies. The African mining industry, which contributes an estimated 4.5% to the continent’s GDP, has also made a significant contribution to the global […]
Morocco’s commitment to achieving development goals in Africa is part of the strategic vision of King Mohammed VI, said Minister of Foreign Affairs, Nasser Bourita, who is representing the Sovereign at the 37th African Union Summit being held Saturday and Sunday in Addis Ababa. Bourita recalled in this regard that the King stressed in his […]