First Independent Mena Newspaper
The Arab parliament has urged Morocco to make available its experience and know-how in the automobile industry to other Arab countries so the latter can set up robust automobile industries, Le360.ma reports. The call came Tuesday from members of the Committee of the Arab Parliament in charge of scientific research, innovation and digital during a […]
Foreign direct investment (FDI in Africa looks set for a strong 2023 thanks to some lucrative mining and gas projects, but an IMF report warns countries on the continent need to build resilience to manage the inevitable shifts in trade and FDI flows. After a lackluster investment climate during 2022, FDI flows into Africa are […]
The International Criminal Court (ICC) received a new complaint from the Democratic Republic of the Congo (DRC) on Tuesday (23 May), calling on it to focus on the alleged systematic pillaging of its natural resources in the country’s east by the Rwanda Defense Force (RDF) and the M23 rebel group. The latest formal referral comes […]
Tunisia will witness a 2.3 per cent economic growth rate in 2023 and 2024, the African Development Bank (AfDB) announced Wednesday, as it presented its economic outlook for 2023. The Abidjan-based institution also projects inflation to stand at 8.8 per cent over the same period. The inflation figure is slightly higher than that of the […]
Spanish Foreign Minister, José Manuel Albares, has once again described Morocco as “a strategic partner,” saying it is “not just any neighbor” for Spain. “Morocco is a strategic partner, not just any neighbor. You have to have the best relations with its neighbors, in this case Morocco, and that is what Spain has achieved,” Albares […]
Earlier this May, Fitch downgraded Egypt’s sovereign rating to “B” with a negative outlook. Three of the four banks, whose ratings it downgraded, are public banks exposed to the state. Rating agency Fitch downgraded on May 17 the credit ratings of four major Egyptian banks, namely The National Bank of Egypt (NBE), Banque Misr, Banque […]
Nigeria on Monday (22 May) commissioned the Dangote Refinery billed as Africa’s largest oil refinery, amid hopes of transforming the West African country into a net exporter of petroleum products, though doubts persist that securing crude supplies could delay achieving full production this year. The new refinery, owned by Africa’s riches man Aliko Dangote, was […]
The Commissioner for Political Affairs, Peace and Security of the African Union (AU) Bankolé Adeoye commended, Tuesday in Rabat, Morocco’s “unwavering” commitment to democracy promotion. In an address at the opening of the 2nd training cycle for African election observers, which he co-chairs with the Minister of Foreign Affairs, Nasser Bourita, Adeoye stressed that “the […]
Rabat’s International University (UIR) and Israel’s Aerospace Industries (IAI) agreed to jointly set up a center of excellence on aeronautics, artificial intelligence, and innovation. A memorandum was signed as a follow up to a deal in this regard by the president of UIR Noureddine Mouaddib and Eytan Eshel CTO of IAI in a ceremony attended […]
Morocco is called upon to share its successful experience in renewable energies with African countries, said President of the African Development Bank (AfDB) Akinwumi Adesina, who is taking part in the AfDB annual meetings held in Sharm el-Sheikh, Egypt, this May 22-26. Morocco aimed high in capitalizing on renewable energy to develop its economy, said […]