First Independent Mena Newspaper
Congo aims to capitalize on increased germanium demand, created by export limits on gallium and germanium recently imposed by China, by establishing a new production unit, positioning itself as a valuable source of the semiconductor material. Invoking national security concerns, Beijing on Monday (4 July) announced export limits on select gallium and germanium components, raising […]
Morocco has secured its position in the global ranking of military powers, earning the 61st spot out of 145 countries, according to the latest report released by Global Firepower (GFP). With a score of 1.0524, Morocco stands out for its military modernization, strategic alliances, and advantageous geographical location. The GFP’s ranking system, known as PowerIndex, […]
Africa50, an infrastructure investment platform that contributes to Africa’s growth by developing and investing in bankable projects, signed Monday in the Togolese capital of Lome, a Memorandum of Understanding (MoU) with the International Solar Alliance (ISA) to support and finance solar projects in Africa. The deal, Africa50 notes, advances the organizations’ mutual goal of increasing […]
The International Finance Corporation (IFC), the World Bank’s arm for the development of the private sector in developing countries, has signed a partnership agreement with Orange Bank Africa (OBA), Orange Group’s digital bank, to “enable the smallest businesses in West Africa to access the financing they need to grow”. As part of the deal signed […]
As the creator economy in Africa has grown in recent years, enabling talented people to leverage their skills in this digital age, the likelihood of global recession in the near future may unravel the true resilience of the creator economy. Rather than just generating a steady income, digital creators around Africa are also creating jobs […]
Oman has renewed its unwavering backing to Morocco’s territorial integrity and to the “serious & realistic” autonomy plan offered by the North African Kingdom for the Sahara under its sovereignty. In a joint statement issued Tuesday at the end of the 6th meeting of the Moroccan-Omani Commission, co-chaired by the two countries’ foreign ministers, Nasser […]
Morocco has partnered with London’s World Travel Market Show to bolster its tourism industry by attracting more tourists and more investors to the North African country, a recognized international popular travel destination. Thanks to this partnership, the organizers of the World Travel Market, due November 6-8, will turn the spotlight on Morocco offering travelers a […]
Sunu Finance group has pulled out as main shareholder from Cote Ivoire’s trade and industry bank BICICI now controlled by a State-run consortium, “Sika Finance” reports. The holding has sold its 19.11 shares for $35.6 million to Abidjan-based Brandon & MCain Capital, an investment firm founded by Ahmed Cisse, the President of Côte d’Ivoire’s employers’ […]
China will build an industrial complex for several industries including agri-food, manufacturing, mining and real estate in Niger’s capital Niamey, Beijing’s envoy to the West African country indicated Monday. Jiang Feng made the announcement after meeting with President Mohamed Bazoum. He also argued that the future complex is the translation of agreements of April 26 […]
Burkina Faso has adopted a decree increasing minimum monthly wage to up $75 from $51, few days following talks between Labors Unions and the National council of private employers. The measure, Sika Finance reports, does not apply for the agriculture sector. Labor Unions late last month inked a deal with the country’s private employers’ Council […]