First Independent Mena Newspaper
Junior Budget Minister, Fouzi Lekjaa, announced that the emergency aid to the families affected by Al Haouz earthquake will be paid by the end of September. An agreement on extending the aid to the targeted population was signed between the ministerial departments concerned and la Caisse de Dépôt et de Gestion (CDG), said Lekjaa who […]
The development of Moroccan-German cooperation was the focus of a seminar held in Berlin on Friday by the German-Moroccan Skills Network “DMK”. The meeting, placed under the theme “Strategic dialogue to promote development cooperation”, was held as part of the commemoration of the 60th anniversary of the signing of the cooperation agreement between Morocco and […]
Intra-country trade in 10 key African countries remains difficult amid currency volatility and international capital flight, as business struggle to find the foreign currency, most notably the dollar, needed to pay for imports, according to the 2023 Standard Bank Africa Trade Barometer (ATB). The key finding in the study conducted by Standard Bank, Africa’s largest […]
The German Federal government has voiced readiness to support Morocco’s reconstruction of the Atlas Mountain villages destroyed by the devastating earthquake that hit the country on Sept.08. The supportive stand was expressed Thursday by German State Secretary Jochen Flasbarth in a tweet posted following his meeting in Rabat with Moroccan foreign minister Nasser Bourita He […]
The apparent coup trend in Africa, creating a belt of countries that now stretches from the Atlantic Ocean to the Indian Ocean, is adding to other major concerns deterring many investors from the continent — a wave of debt crises, tense geopolitics, and an extreme vulnerability to climate change. There have been nine coups in […]
Senegal has secured a €76-million credit facility from Lome-based West African Development Bank (French acronym BOAD) for the implementation of two development projects. The bank okayed the loan during its 137th extraordinary summit that took place on September 20 in Cote d’Ivoire. The first project, valued at €23 million, concerns the construction and exploitation of […]
Among about 150 heads of state and government from around the world, dozens of African leaders have delivered speeches at the 78th session of the United Nations General Assembly (UNGA) in New York, addressing global and continental issues ranging from sustainable development to reparations for slavery to pledges to hold free and credible elections. The […]
Morocco’s private investment fund Al Mada and China’s CNGR Advanced Materials said they will partner to build an electric vehicle battery plant in Jorf Lasfar worth 2 billion dollars. The two parties announced in a joint statement that construction will start this year for the plant that is planned to be operational in 2025. Local […]
The annual Africa Open for Business Summit that is held in New York this week (18-20 September) focuses on the theme “Women of Africa and the Diaspora and the Fight for Climate Justice.” The 5th of its kind, the summit is part of the global activities taking place around the high-level week of the 78th […]
Rolling Plus Chemical Industries will set up in Egypt’s Suez Canal Economic Zone a factory to produce tires with a total investment of above $1 billion, as part of the North African country’s automotive strategy aiming at developing the local car industry in order for the country to become a regional manufacturing hub. Rolling Plus […]