First Independent Mena Newspaper
Years of successive droughts emptied reservoirs pushing Morocco to speed up its desalination plans with new plants scheduled for Casablanca and Nador in 2027. Dam filling rate has dropped to 23% in Morocco on average in November with some critical dams such as Al Massira- supplying Casablanca- completely depleted. Construction works for the biggest desalination […]
Morocco’s economic growth is expected to increase to 3.3% in 2023 and strengthen further to 3.6% in 2024 and 3.8% in 2025, according to the projections of the Organization for Economic Cooperation & Development. In its latest report on the North African Kingdom, OECD says a rebound in agricultural production and the services sector, particularly […]
The Xlinks Morocco-UK power project is gaining momentum as French oil giant TotalEnergies has injected £20 million in the ambitious green project, joining fellow investors Octopus Energy and Abu Dhabi National Energy Company (TAQA). The French supermajor has decided to back the Morocco-UK project after withdrawing from Algeria due to endless hurdles to investors and […]
Saudi Arabia’s Riyadh was chosen to host the 2030 World Expo, the Bureau International des Expositions (BIE) announced on Tuesday. Riyadh needed only one round of voting and secured the necessary two-thirds majority of member States at the general assembly of Paris-based BIE. Riyadh won 119 votes, South Korea’s Busan 29, and Italian capital Rome […]
Habidem, a Mauritanian small business known for turning local resources into a bio-sourced thermal insulator from Typha, a noxious plant, has been awarded Med’Innovant Africa 2023 prize, an innovation competition created by Marseille-based urban and economic development Agency Euroméditerranée. Led by Oumar WELE, the company bagged €7,000 financial assistance, a full support package to build […]
Tanzania’s Foreign Direct Investment (FDI) figures went up almost twofold year-on-year to $1.05 billion between July and September against $524.4 million in the same period last year, a positive development that is widely attributed to growing investor confidence in the East African country. Released by the state-run Tanzania Investment Centre (TIC) in its quarterly bulletin […]
Egypt Defense Expo (EDEX), the country’s only defense and security event that covers Africa and the Middle East is happening on December 4 and 7, for the third time since inception. The ministry of Defense of the Arab country, one of the organizers, is expecting over 35,000 visitors at the event boasted as the largest […]
Morocco is leading the way in Africa and the world in establishing new special economic zones (SEZs) and attracting foreign direct investment (FDI), thanks to its higher value-added technology industries, according to a new report by Oxford Business Group. Entitled “How Special Economic Zones are shaping Africa’s industrial landscape”, the report, published last week, states […]
British multinational oil and gas company, British Petroleum (BP) has left the Senegalese Yakaar-Teranga natural gas field following a fallout with authorities over the utilization of the commodity, Sputnik reports. The move came after Senegal’s Minister of Oil and Energy Antoine Felix Diome told media that both sides are on opposite sides when it comes […]
Morocco is stepping up efforts to build a competitive merchant fleet in line with the country’s Atlantic ambitions and port investments. Transport minister had told MPs last week his department was set to promote investments aiming at bolstering Morocco’s commercial marine fleet. The announcement came after King Mohammed VI urged transforming Morocco’s Atlantic coast into […]