First Independent Mena Newspaper
The African Development Bank (AfDB) announced Tuesday December 12 an agreement with the Lome-based West African Development Bank (BOAD), a line of credit agreement of €70 million to bolster the regional bank’s support to the private sector in the West African Economic and Monetary Union (WAEMU). The agreement, AfDB notes, was signed in Lomé on […]
Benin’s Foreign Minister Olushegun Adjadi Bakari has expressed support to Morocco’s territorial integrity, stating that his country considers the Autonomy Plan as the only credible and realistic solution to the regional dispute over Sahara. This came in a phone talk Olushegun Adjadi Bakari had this Tuesday with his Moroccan peer Nasser Bourita, the Moroccan Foreign […]
The Moroccan government will have to spend 900 million dollars (9 billion dirhams) in 2024 and 2025 on the new deal struck with teachers to end their long strike, education minister Chakib Benmousa said. After negotiations with teachers’ unions, the government had agreed to a wage hike of 1500 dirhams and an increase in other […]
The Executive Director of the European Agency for the Management of Operational Cooperation at the External Borders (Frontex), Hans Leijtens, emphasized Morocco’s pivotal role as a strategic partner in countering cross-border crime. “Morocco is one of our strategic partners, and it’s evident that we need each other in cooperation to fight cross-border crime [and] to […]
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 […]