First Independent Mena Newspaper
The African Development Bank (AfDB) announced Monday the approval by its board of directors of two loans valued at €165 million earmarked for the implementation of the Diversification, Industrial Acceleration, Competitiveness and Employment (DAICE) Program, an important aspect of the country’s National Development Plan 2021-2025. The first loan is worth €120 million and the second […]
Mauritania and World Bank signed Monday in Nouakchott two soft loan agreements worth $85 million for the financing of two projects. The first deal is about additional funding for the project to support decentralization and the development of intermediate towns (Moudoun Project), to the tune of $25 million. The project seeks to improve access to […]
Egypt’s Premier Mostafa Madbouly prolonged Monday until March 30, 2024, the ban on onion exports in place since October as part of efforts to control soaring prices of the commodity. Madbouly announced the decision during a meeting with relevant ministers as they tried to monitor the sufficient availability and affordability of various commodities in markets […]
While China has announced plans to boost the use of the Chinese currency renminbi in Southern Africa, part of Beijing’s efforts to diminish use of the dollar, a new study by Carnegie Endowment for International Peace (CEIP) highlights a number of major obstacles that stand in the way of BRICS’ de-dollarization efforts. In a visit […]
Morocco and Egypt have signed a memorandum of understanding (MoU) providing for an enhanced cooperation in the field of sustainable management of water resources. The MoU was initialed in Dubai on Monday, on the sidelines of COP28, by the Moroccan and Egyptian Ministers of Water, Nizar Baraka and Hani Sweilem. The agreement aims to strengthen […]
The Mohammed VI Fund for Investment (FM6I) officially signed the Principles for Responsible Investment (PRI) Declaration, on the sidelines of the conference of the parties to the un framework convention on climate change (COP28) This voluntary initiative demonstrates the commitment of the Fund, the first signatory in the “Asset Owner” category in Morocco, to promoting […]
The European Bank for Reconstruction and Development (EBRD) has included Guelmim-Oued Noun region into its Green Cities Program and will thus contribute with a €12 million loan to improve drinking water supply in rural areas and upgrade four existing wastewater treatment plants. “This is a trigger investment that will initiate the region’s participation in the […]
King Mohammed VI was represented at the investiture ceremony of the new Argentine President, Javier Milei, which took place on Sunday in Buenos Aires, by speaker of the House of Representatives Rachid Talbi El Alami. The official investiture ceremony of Javier Milei took place at the headquarters of the Argentine Congress, in the presence of […]
Madagascar Airlines needs $100 million for its rehabilitation, Valery Ramonjavelo, the country’s Minister of Transport and Meteorology has announced, explaining that the funds aim at making the State-run airline independent. The airline, launched in April 2022 in replacement of bankrupt Air Madagascar, has presented a turnaround plan known as “Phoenix 2030”, expected to help improve […]
The Australian iron-ore mining company Genmin has submitted to the Gabonese government a request for 15-year permit to commence iron ore drilling project at Baniaka field in the central African country. Joe Ariti, the Chief Executive Officer of the company met with the minister of Mining of the African country to discuss the application that […]