First Independent Mena Newspaper
Lome-based Airline Asky welcomed September 1 two new passenger jets for long haul flights, days after the company added the State of Togo to its shareholders. The jets, both 727s, add to current 13 aircraft making up the Ethiopian Airlines-backed airline’s fleet. The delivery occurred few days after the company added the Togolese state to […]
Benin’s President Patrice Talon has abolished entry visa for Chinese investors and tourists wishing to visit the West African country, his office has announced on September 3. “Benin is opening up fully to China, to create a more solid bridge of cooperation that will benefit both countries, as well as to capture a share of […]
N-Sea, a Netherlands-based underwater solutions provider, is contributing to the development of the Nigeria-Morocco Gas Pipeline (NMGP) project through survey operations. The company has collaborated closely with ship owner Rederij Groe to transform the seismic support vessel, 7-Waves, into a research vessel equipped with advanced equipment for this project. According to N-Sea, the project is […]
Morocco’s trade deficit shrank 6.5% as the country’s energy imports dropped 20%, Morocco’s foreign exchange office said. Energy imports stood at 69 billion dirhams, offsetting a drop in phosphates and fertilizers exports by 40% to 40.8 billion dirhams, due to lower prices. State-owned phosphates and fertilizers producer said a few days ago its sales were […]
Algeria’s foreign minister Ahmed Attaf is on a damage control mission after BRICS rejected his country’s bid, exposing the false promises of President Tebboune who arrogantly promised his people an imminent admission to the group of the world’s fastly growing economies. Tebboune made of joining BRICS a certainty for his people, repeating since 2022 that […]
Abdellatif Jouahri, the governor of Bank Al-Maghrib, is among the best Central Bank Governors in the world, according to the latest ranking issued by US magazine Global Finance. Jouahri earned an “A-” granted by the New York-based magazine in its “Central Banker Report Cards 2023,” an annual assessment of Central Bank governors. Bank Al-Maghrib is […]
Morocco’s phosphates and fertilizers producer, OCP, said its revenue in the first six months this year dropped 33% to $3.76 bln due to lower prices. The company said it made $1.9 billion in total revenue in the second quarter this year, down 37%, due to lower demand, while expecting demand to improve later this year […]
There will be “a very strong focus on the African continent” during the annual meeting of the World Bank Group (WB) and the International Monetary Fund (IMF) in Morocco, in October, IMF’s chief said in a recent interview with CNN, adding that the timing is ripe as countries on the continent grapple with sluggish growth, […]
The depreciation of all domestic currencies in the East African region over the past year has not led — in a defiance of conventional economic theory and expectations of regional economists — to the improvement in trade balances, putting more pressure on foreign exchange rates. The depreciation of a country’s currency is supposed to make […]
U.S. Dalrada Financial Corporation, a leader in climate technology, clean energy, and precision manufacturing, has announced the setting up of a subsidiary in the Moroccan city of Fez. The new entity will focus on providing installation and ongoing support services for Dalrada’s range of high-efficiency commercial heat pumps to countries within the MENA region Dalrada […]