First Independent Mena Newspaper
Morocco will assess its fisheries deal with the EU and act accordingly, in line with the vision and foreign policy outlined by King Mohammed VI which favors partnerships “with a clearer added value,” foreign minister Nasser Bourita said. A fisheries protocol between Morocco and the EU expires in July 17 and a Moroccan-EU committee will […]
Moroccan flag carrier RAM plans to increase its fleet fourfold from 50 aircrafts to 200 by 2037 as the country prepares to host 67 million tourists, the Prime minister’s office said. A contract, signed Tuesday, covers the 2023-2037 period providing for an increase in the state’s contribution in RAM’s capital, the prime minister’s office said. […]
Morocco’s economy is expected to grow 3.6% amid a recovery in foreign and domestic demand and assumptions of an average farm output as well as a drop in prices of commodities in global markets, the planning agency HCP said. This year, however, economic growth would stand at 3.3% after a below-average cereals harvest of 5.51 […]
Chariot, a London-listed, Africa-focused energy company, announced on Tuesday it has raised $15 million (£11.7 million) for its onshore drilling operation in Morocco. The company said the funds were raised through the placement and subscription of 89.6 million shares at an issue price of 14 pence per share, according to a statement from Chariot posted […]
Emirati Invictus Investment Company has announced plans to invest over $272 million on its expansion into North and East Africa with a focus on Morocco thanks to its political stability, geostrategic position, incentives to investors and competitive economy. In a press release issued Monday, the Dubai-based company said the expansion will be made through acquisitions […]
The Arab Bank for Economic Development in Africa (BADEA) and Cote d’Ivoire signed Monday a loan agreement worth $75 million to be used for the construction of 7,500 social and economic houses to address the housing crisis dogging the West African country. Sidi Ould Tah, Director General of the bank and Adama Coulibaly, Finance Minister […]
Korea has launched on Monday a K-Rice project aiming to provide small farmers in Africa with resilient rice varieties that can withstand adverse climate conditions, ensuring improved yields and food security. By establishing the so-called “K-Rice Belt” across eight countries in Africa, the Korean government aims to advance current official development assistance (ODA) programs to […]
A majority of Africans believe that corruption increased drastically in their countries between 2021 and 2022, according to a latest survey conducted by Afrobarometer, that also highlighted the fact that an even larger proportion of the respondents feared retaliation should they report corrupt acts to the authorities. According to the Afrobarometer’s survey, in as many […]
Guinea has reaffirmed its unwavering support for Morocco’s autonomy plan offered for the Sahara under its sovereignty, saying the plan is the “only credible and realistic solution” to the Sahara regional conflict. In a joint statement issued Monday following the 7th meeting of the Moroccan-Guinean Cooperation Commission convened in Dakhla, Guinea’s Foreign minister Morissanda Kouyaté […]
President of the Spanish Government Pedro Sánchez has reaffirmed the “solid ties” existing between Rabat and Madrid, and hailed the “dynamic cooperation” and “strategic partnership” between the two kingdoms. “In the context of Spain’s foreign policy, we have strong ties with Morocco of all kinds, but above all human ties created by our citizens and […]