First Independent Mena Newspaper
Economic growth in Morocco is expected to pick up to 3.1 per cent in 2023, announced on Tuesday by the European Bank for Reconstruction and Development (EBRD). In its latest Regional Economic Prospects (REP) report, the Bank’s analysts explained the projected Moroccan economic growth by the anticipated agricultural recovery, moderate inflation and the country’s removal […]
Algeria is rushing to find an alternative to Russian arms which has fallen sharply due to the war effort in Ukraine. Algeria has for long been the third buyer of Russian arms which make up more than 80% of its arsenal. The war in Ukraine has disrupted major transactions, including a 7 billion-dollar-deal to buy […]
There is growing interest in Japan by the government, parliamentarians, mega companies and startups to invest more in Africa, as a delegation from the African Development Bank Group (ADB) found during its recent 5-day visit to Japan. Led by ADB President Akinwumi Adesina, the high-powered delegation aimed to showcase the enormous investment opportunities on the […]
King Mohammed VI, presided, on Monday at the Royal Palace in Rabat, over the presentation ceremony of the model of the first Moroccan car manufacturer and the prototype of a hydrogen vehicle developed by a Moroccan, two innovative projects that will strengthen the promotion of the “Made In Morocco” Label and consolidate the Kingdom’s position […]
The London-based mining company Aterian announced on Monday it discovered high grade silver in its geological reconnaissance operations conducted in its Jafra project located 35 km northeast of Marrakech. The Project is one of 15 copper, silver and base metal projects owned by Aterian, covering a total area of 762 km2 in Morocco. It lies […]
Morocco has contributed to the African Continental Free Trade Area (AfCFTA) through numerous socioeconomic integrated projects launched in several African countries to improve their infrastructures, industry, university & vocational training, health system, and strengthen their food & energy sovereignty. The remarks were made Monday in Johannesburg by Speaker of the Moroccan Parliament’s Upper House Enaam […]
The manipulation of figures by the Algerian president continues unashamedly as he inflates non-oil and non-gas exports to project a false impression of an economy that is diversifying away from hydrocarbons. Speaking to a bunch of sycophant editors in chief few days ago, Tebboune said his country’s exports- not including gas and oil- grew to […]
Egypt’s Financial Regulatory Authority’s (FRA) has launched the country’s first gold investment and first ever minerals investment Fund. The fund is part of the FRA’s plans to support the government’s efforts to boost financial and investment inclusion and develop an inclusive non-banking financial sector with a catalytic role in enhancing the economy, Arab Finance reports. […]
US Secretary of State Antony Blinken had this Monday, May 15, a phone call with Moroccan Foreign Minister Nasser Bourita, during which the two officials discussed the ceasefire between Israel and Gaza, as well as security and peace in the region. The US Secretary of State announced the phone call in a post on his […]
Morocco’s largest private electricity producer, Taqa Maroc, has launched a renewable energy subsidiary to take care of its solar projects, Moroccan media said. UAE firm Taqa Maroc is listed on the Casablanca stock exchange and has reported a first quarter revenue of 4.09 billion dirhams, up 53.9% from last year as coal prices drop. It […]