First Independent Mena Newspaper
The World Association of PPP Units & PPP Professionals (WAPPP) and the World Association of Investment Promotion Agencies (WAIPA) are keen to help Togo attract private investment to finance its development, both organizations said during a meeting with the country’s leader Faure Gnassigbe, on the sidelines of Abu Dhabi World Investment Forum. Ziad Hayek, President […]
With the interest rates likely to stay high in 2024, governments across Africa are presented with a unique challenge and dilemma as they struggle to pay off rising levels of accumulated debt at the same time as they are being urged by the International Monetary Fund (IMF) to cut costly fuel subsidies and raise more […]
King Mohammed VI chaired, on Tuesday at the Royal Palace of Rabat, a working session on housing and urban planning sector. During the meeting, Minister of National Territory Planning, Urbanism, Housing and City Policy, Ms. Fatima Ezzahra El Mansouri, presented the broad outlines of a new housing assistance program, which is in line with the […]
Stella Terra, the world’s first solar powered car, has been tested in Morocco. Designed by students from Eindhoven University of Technology (Netherlands), the lightweight vehicle has completed lately a 1,000 km trip from Northern Morocco to its Sahara without recharging. The test drive showed that the car can drive long distances with stopping at EV […]
Morocco will invite bids by the end of the year for a 250 million cubic meters desalination plant in the north-eastern city of Nador, water and equipment minister Nizar Baraka said. The plant would be the second largest in the country after Casablanca’s which is planned to start supplying fresh water in 2027, Baraka told […]
Morocco will use the material deployed during the IMF-World Bank meetings to equip schools in the quake-stricken areas, finance ministry official and coordinator of the meeting’s logistics Mohamed Khamoudi said. The event drew 12,000 participants in a covered area of some 23 hectares in Morocco’s tourist hub Marrakech. The education ministry said it was already […]
Germany’s announcement last month that it would provide greater support to the Economic Community of West African States (ECOWAS), in its efforts to secure peace in the region and prevent future crises, suggests that European leaders see the organization as crucial to the future stability of West Africa. The agreement to provide greater financial support […]
Over the past two decades, Africa’s trade partnerships have significantly shifted away from Europe, with Asia emerging as the primary trading partner, a recent analysis by Mo Ibrahim Foundation noted, whereby this development is underpinned by high‑growth corridors both between African regions and with regions beyond including Asia and the Middle East, according to a […]
African Export-Import Bank has pledged $1 billion in support for Morocco-Africa Trade & Investment program which finances and promotes intra- and extra-African trade. An agreement was inked over the weekend on the sidelines of the 2023 Annual Meetings of the World Bank & the International Monetary Fund held in Marrakesh October 9 to 15. Under […]
Libyan and Egyptian authorities have reached an agreement to ban the trade of pharmaceutical drugs, other than Egyptian-made, in Libya, ‘Libya Observer’ reports. The move came following a request by the Egyptian Customs Authority to the Libyan Finance ministry to allow only the entry of Egyptian-origin medicine through the Salloum border crossing with Libya. The […]