First Independent Mena Newspaper
Morocco and the Netherlands signed an agreement to create an investment fund worth €300 million, equivalent to 3.2 billion dirhams, to finance investment projects in infrastructure. The agreement for this fund was signed this Wednesday, in Rabat’s twin city, Salé, in the presence of Dutch Prime Minister Mark Rutte, who is on an official visit […]
The Moroccan economy has made remarkable progress and impressive export growth, particularly in industrial sectors such as automotive and renewable energies, said Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva. “Morocco has exported 700,000 cars, which shows the country’s upward trend in this highly competitive sector. The North African Kingdom also manufactures aircraft […]
UK’s Brexit has been boosted by the latest court ruling refusing to challenge the legality of the Association Agreement sealed with Morocco, which includes the Sahara territory, says British Express daily. The Appeal Court’s refusal to accept the challenge confirmed the London Administrative Court’s ruling of December 5 2022. Former cabinet minister Ranil Jayawardena has […]
Gabon will host 23rd ordinary summit of the Economic Community of Central African States (ECCAS), a regional organization promoting regional economic cooperation in Central Africa. The ECCAS Summit, scheduled for July 1, will be chaired by President Ali Bongo Ondimba of Gabon, who took over the ECCAS’s leadership late February. The gathering is placed under […]
East African Community (EAC) countries expect overall national government spending to rise in the upcoming financial year that starts on 1 July 2023 and ends on 30 June 2024. Finance ministers from Kenya, Rwanda, Tanzania, and Uganda are to present their annual 2023/2024 budgets under a common theme before their respective parliaments on Thursday June […]
Morocco has attracted a new heavyweight investor to its burgeoning aerospace ecosystem thanks to its political stability, geostrategic position, modern infrastructures, skilled manpower, tax incentives and free-market economy. On Tuesday, Pratt & Whitney, an American aerospace manufacturer with global service operations, announced at Paris airshow that it will build a facility in Casablanca to manufacture […]
The Court of Tarascon issued a judgment condemning la Confédération Paysanne (Peasant Confederation), a French trade union organization used in the judicial harassment of the Morocco-EU farming agreement, which constitutes a new judicial setback for the “polisario” and its relays in France. This latest French judicial disallowance comes just a few weeks after the one […]
Morocco’s Central Bank has decided to keep its key interest rates unchanged at 3 pc due to persistent inflation fueled by soaring food prices and the war in Ukraine which continues to affect global economy. The decision was made Tuesday by the Board of Bank Al Maghrib during its second quarterly meeting held to discuss […]
The European Union and Kenya have announced the political conclusion of the negotiations for an ambitious Economic Partnership Agreement (EPA) that aims to boost trade in goods and create new economic opportunities, with targeted cooperation to enhance Kenya’s economic development. The negotiations were concluded during an official ceremony in Nairobi by European Commission Executive Vice-President […]
The Egyptian Transport ministry signed on the 19th of June a Memorandum of Understanding (MoU) with an International/Egyptian alliance to set up a consulting firm that will provide consulting services in the fields of transportation projects. The Egyptian-French consortium comprises French Aegis Alliance, the International Consulting Company (Sestra) and Shaker Engineering Company. The new firm, […]