First Independent Mena Newspaper
Morocco’s bid to host the 2030 FIFA World Cup with Spain and Portugal is “a message of peace, tolerance, and inclusion,” emphasized FIFA President Gianni Infantino. “Two continents – Africa and Europe – united not only in a celebration of football but also in providing unique social and cultural cohesion. What a great message of […]
New York-based investment banking company Morgan Stanley has moved Egypt’s sovereign credit to a “dislike stance” from a “neutral” rating and noted that the cash-strapped country will face what it termed “mounting risks” in the coming months, Bloomberg reports. The bank argued that the upcoming December elections exacerbate the situation. The planned polls in which […]
Mauritania’s minister of Oil, Gas and Mines Nani O. Chrougha Tuesday October 3 reminded British Petrolium (BP) to abide by requirements and commitments taken in the execution of “Grand Tortue Ahmeyime (GTA)”, a Liquefied National Gas (LNG) project situated on the border with Senegal. BP owns 56 per cent of project in which both Mauritania […]
Morocco and Israel signed last week in Marrakech a Memorandum of Understanding (MoU) on the establishment of an agricultural technology project focusing on aquaponics. The agreement provides for the establishment of a center for agricultural studies. The institution is expected to serve as a hub for knowledge exchange and innovation in farming techniques, benefiting both […]
More and more African countries seem to have taken inspiration from China’s unique economic development over the past decades and try to follow the development paths that suit their own respective domestic conditions. “The African people have the most say on which path suits Africa best,” said Chinese President Xi Jinping at the China-Africa Leaders’ […]
Mozambique’s bond market has rebounded following UBS Group AG’s announcement of a an 11th-hour out-of-court settlement regarding Credit Suisse’s involvement in a ship-financing ‘tuna bond’ scandal. The yield on Mozambique’s 2031 debt fell 19 basis points to 13.34% on Monday (2 October) morning in the capital, Maputo, after the recently announced settlement brought closure to […]
Morocco has reaffirmed its commitment to share its extensive experience and expertise in development financing with the African Union (AU) as part of the aspirations outlined in Agenda 2063. This announcement came during the Ministerial Retreat on Agenda 2063, a high-level event taking place in Kigali, Rwanda, this October 1-3. Morocco’s Permanent Representative to the […]
The World Bank Board has approved $365 million in International Development Association (IDA) financing to increase girls’ and women’s access to learning, economic opportunities, and utilization of health services, and to strengthen the institutional capacity for gender equality in Western and Central Africa. The Sub-Saharan Africa Women’s Empowerment and Demographic Dividend Plus project (SWEDD+) has […]
Morocco has decided to import 2 million tons of soft wheat between Oct. 1 and Dec. 31 to alleviate the impact of drought which has affected the country’s crops product. The decision has been announced lately by the Kingdom’s state-owned grains agency after receiving the nod from the ministries of finance and agriculture. The import […]
The European Union is finalizing partnerships with the Democratic Republic of Congo (DRC) and Zambia to boost local industries as the bloc wants to mine its way out of its heavy dependence on foreign powers like China for critical materials needed to power its green transition. A planned memorandum of understanding is widely seen as […]