First Independent Mena Newspaper
The UAE International Investors Council and the Egyptian-Emirati Business Council have signed a Memorandum of Understanding (MoU) to enhance cooperation and the existing investment partnerships. The deal aims to increase investment opportunities in the new economy, green projects, recycling, clean projects, the technology sector, and new digital technologies. It also provides for exchanging expertise as […]
Rich in phosphates and cobalt deposits, Morocco is poised to attract investments in the fields of electric batteries and environment-friendly vehicles as it pushes to achieve industrial sovereignty and expands high-tech manufacturing. The country’s officials have on multiple occasions mentioned an active quest to attract investors to build a gigafactory that will lure other EV […]
Ghana, formerly praised for its stability and good governance, is finally getting some breathing room after Ghanian officials announced last week (18 May) that the $3 billion bailout for the West African nations had finally been approved by the International Monetary Fund (IMF) Ghana has been facing a severe economic crisis since the onset of […]
The World Bank issued its ranking of the globe’s best performing container ports, giving the fourth place to Tanger Med, which has outperformed African and Mediterranean counterparts. The report dubbed Container Port Performance Index (CPPI), compares operational performance across ports using 2022 data. Morocco’s Tanger Med port was only outperformed in the ranking by China’s […]
President of the Democratic Republic of the Congo (DRC), Felix Tshisekedi, will pay a state visit to China from 24-29 May where he is expected to meet President Xi Jinping and their meeting is widely expected to pave the way for the two countries to seal several key trade deals, including a $6 billion infrastructure-for-minerals […]
SKF, the world’s biggest bearings maker, announced on Monday a $4.9 million investment earmarked for building a manufacturing site in Tangier in Morocco. The Swedish company said the plant will enable it to meet growing demand for magnetic bearings used in turbomachinery and other high-speed applications, including hydrogen gas liquification and for oil-free industrial compressors. […]
The African Development Bank Group, AfDB, has greenlighted a partial credit guarantee of $345 million to Egypt for the financing of green and social projects, reports say. Egypt expects to use the credit guarantee to raise the equivalent of $500 million in the Chinese Yuan denominated Panda Bond market, issued by foreign borrowers, Egypt Today […]
As the leaders of the Group of Seven (G7) wealthy democracies converge for a summit in Japan, winds of change are blowing for Africa, which has so far been more of a discussion topic rather than an active participant in international politics, but is now demanding its rightful place in global dialogues and decision-making processes. […]
The World Trade Organization chief has urged Nigeria to see alternative revenue sources as the oil and gas industry becomes less lucrative. Speaking during a recent function in Abuja, Ngozi Okonjo Iweala, Director-General of the WTO, has advised incoming governors to stop depending on crude oil and diversify the sources of revenue in their domains. […]
King Mohammed VI chaired a ministerial council focusing on the farm output and decrees relating to defense as well as the approval of nominations to senior positions in multiple agencies and institutions. During the council, agriculture minister Mohamed Sadki mentioned that the cereals output this year is expected to improve 62% from last year to […]