First Independent Mena Newspaper
African countries have faced a myriad of challenges in 2023, not the least of which was currency devaluation, with Nigeria’s Naira and Kenyan Shilling experiencing their largest drop in value against the greenback in 24 and 30 years respectively. While Nigeria and Kenya recorded significant growth across numerous industries, there were still instances of socio-economic […]
Tanzania is venturing into the manufacture of electrical equipment aiming to become a key player in the industry, which is part of the government’s strategy to diversify the East African country’s economic portfolio. During her recent visit to Multi Cable Limited (MCL), a Dar es Salaam-based factory, Tanzania’s Industry and Trade Minister, Ashatu Kijaji, sought […]
Chad’s Prime Minister Succes Masra announced Sunday he will not take his monthly salary that, he said, will be converted into scholarships for the promotion of excellence in 23 regions of the country. “I’m giving up my Prime Minister’s salary entirely. Every job deserves a salary, they say, but I don’t feel I’m working. I […]
Concordia, a Russian manufacturer of electric vehicles (EVs), will set up an EV components manufacturing factory in Egypt as part of deal with real estate developer GV Investments. Per the partnership, GV Investments will provide the plot of land needed for the project and construct the factory, reports say. The future factory is expected to […]
A Moroccan-Saudi economic forum will be held in Riyadh this January 21-22 by the Moroccan Employers’ Association (CGEM) in cooperation with the Federation of Saudi Chambers. The program of the forum features presentations on the business climate in Morocco and Saudi Arabia, a session on investment opportunities in the two countries, a meeting of the […]
Morocco is featured among the best world destinations to visit in 2024, according to the “Travel” segment of the renowned media outlet CNN. CNN has highlighted in a recent feature on its “Travel” segment, Morocco as one of the top 24 must-visit destinations for the year 2024. Morocco is one of the few African countries, […]
King Mohammed VI has voiced determination to make of the privileged relations binding Morocco and the Democratic Republic of Congo an exemplary model of inter-African cooperation. In a message of congratulations to Félix Tshisekedi, on his re-election as president of the Democratic Republic of Congo, King Mohammed VI hailed the solidity of cooperation relations between […]
Morocco will produce 50% of its fresh water needs from desalination by 2030, said water minister Nizar Bakara, as the country faces one of the harshest droughts in its recent history. Five years of drought depleted reservoirs now only 23% full, while many farming areas face bleak prospects due to halt of irrigation. By 2030, […]
Morocco’s economic growth is expected to reach 2.4% in Q1-2024, marking a decline from the +3.5% growth recorded during the same period the previous year, according to the economic growth projection of the statistics office, le Haut-Commissariat au Plan ((HCP) for the first quarter of 2024. According to the HCP’s economic outlook for the fourth […]
The Confédération Africaine de Football (CAF) announced Thursday a 40% increase in the Prize Money for the Winner of the TotalEnergies Africa Cup of Nations “AFCON” Côte d’Ivoire 2023, as part of plans to help football grow in the countries participating in the tournament. The winner will receive $7,000,000 and the runner-up of the TotalEnergies […]