First Independent Mena Newspaper
Morocco is one of the top five nations in the Middle East and North Africa that produce the most electricity from solar energy, according to a survey by the Emirati Energy platform, and according to the Global Investment for 2023 report published lately by the United Nations, the kingdom ranks among the top ten developing […]
Morocco’s phosphate & fertilizer giant OCP has renewed its determination to help improve drinking water supply in the country through the signing of a new memorandum of understanding as well as a concession contract with the government under which the two sides will cooperate to provide potable water through desalination of seawater to Safi and […]
Egyptian private Commercial International Bank (CIB) indicated Sunday it received $250 million from the International Financial Corporation (IFC) in form of multiple loans to be used to support its capital and fund green projects. The first loan has a value of $150 million and a 10-year term, including $90 million for the refinancing of outstanding […]
Under the eloquent title “Le Code M6”, the French weekly Le Nouvel Economiste has published a dossier on Morocco, in which it asserts that “since he came to power in 1999, Mohamed VI has left his mark”, the Kingdom now being “considered one of the most dynamic economies in the North African region.” The country […]
US agency Bloomberg has highlighted the dynamics of the Moroccan pharmaceutical industry as well as the Kingdom’s efforts to promote local production so as to foster Africa’s health sovereignty. A robust homegrown industry would help Africa ensure adequate supplies of critical treatments, said Lamia Tazi, chief executive officer of Moroccan pharmaceutical group SOTHEMA, in an […]
The rise in cost of debt servicing has led to 25 countries in Africa being at risk of either high debt distress or in-debt distress, African Development Bank (AfDB) Group president has warned, just as the International Monetary Fund (IMF) has approved billion-dollar loans to Zambia and Senegal. AfDB chief, Akinwumi Adesina, said African markets […]
Africa has become the second-largest recipient of credit from India while over the past decade 18 of the 25 new Indian embassies or consulates were opened in the continent, as the South Asian powerhouse tries to catch up with China’s massive sway in the resource-rich continent. Many African nations received about $12 billion or 38% […]
President of the Confederation of African Football (CAF), Patrice Motsepe, congratulated Morocco on its “world-class” soccer stadiums and infrastructure, as the CAF Executive Committee held its meeting in the new headquarters of the Royal Moroccan Football Federation (FRMF) in Rabat on Friday. Following the meeting and a tour of the FRMF’s new premises, CAF chief […]
Morocco and Germany agreed on Thursday in Berlin to launch next year the Multidimensional Strategic Dialogue agreed upon in 2022. This dialogue will serve as a basis for moving forward in bilateral relations and strengthen coherence between the different areas of bilateral cooperation. The announcement came at the end of a meeting between Foreign Minister, […]
Morocco’s private investment fund Al Mada said it has set up an international food industry subsidiary focusing on Africa, dubbed Teralys. As part of its goal to promote food industry in Africa in a way that is conducive to regional integration, Teralys signed an agreement to acquire a majority stake in Senegal’s Patisen, Al Mada […]