First Independent Mena Newspaper
As Kenya is moving closer to sealing an Economic Partnership Agreement (EPA) with the European Union, the East African economic powerhouse has also announced the possibility of a $1bn loan from China that could be used to help pay off a $2bn Eurobond repayment that is due in June next year. Kenya’s economic partnership deal […]
Benin’s Cotonou port authority (PAC) lifted Wednesday December 27 the ban on the exportation of goods to neighboring Niger. The ban was part of the implementation of sanctions against Niger by the regional bloc, the Economic Community of West African States (ECOWAS), after the seizure of power on July 26 by a junta. Bart Van […]
East African trade is threading in the wrong direction as member states of the East African Community (EAC) are trading more with countries outside the bloc rather than with each another, owing to pesky trade barriers. While trading less within the EAC, members of the regional bloc are trading more with other African countries, particularly […]
Morocco and the German Development Bank (KfW) on Wednesday formalized three loan agreements totaling 250 million euros and two grant agreements amounting to 7 million euros. The agreements are earmarked for financing three pivotal projects focused on social protection, sustainable mobility, and irrigation. These agreements were signed in Rabat by Fouzi Lekjaa, Minister in charge […]
2023 will be remembered in Morocco as the year when a powerful earthquake struck several regions of the Kingdom on September 8th, leaving nearly 3,000 martyrs and many injured. But with tragedy comes unity. The quake, which hit hard the remote Atlas Mountain villages, has shown the strong bonds existing between the Throne and Moroccan […]
The hijacking of commercial ships and drone attacks by the Iran-backed Houthi rebels have disrupted supply chains leading many in Europe to think of Morocco as an industrial hub and an alternative to Asia. Weeks-long attacks on commercial vessels led global shipping firms- including Denmarks’s Maersk and Taiwan’s Evergreen- to avoid the Red Sea and […]
East African countries have been hit hard by higher freight costs and longer cargo delivery time, as Yemen’s Houthi rebels step up attacks on ships traveling through the Red Sea to the western end of the Indian Ocean. Ports in Kenya and other East African ports should expect slower business in the immediate future as […]
The Colombian designing and development company Quipux SAS has sold its minority shares in Abidjan-based Quipux Afrique SA, a company running integrated management center at the Transport ministry of the West African country. he company thus becomes a private company with 100% Ivorian capital. The Colombia firm sold its shares to Côte d’Ivoire, which owns […]
Morocco’s Directorate of National Security (DGSN) is celebrating year’s end with the release of its annual report whose main features reflect the ceaseless efforts made in counterterrorism, struggle against crime and drug trafficking, and regional and international cooperation. The report reflects the intensified efforts deployed in coordination between all the DGSN units to fight all […]
The United Kingdom is actively pursuing comprehensive trade and security post-Brexit agreements, the main aim being to unlock the significant opportunities abounding across the African continent, and particularly in Morocco, the gateway to Africa. Actually, since leaving the European Union, the UK has been eyeing the Moroccan market, considering it one of the promising markets […]