First Independent Mena Newspaper
Sub-Saharan Africa is facing a severe financing squeeze that, on the back of a series of unprecedented shocks, has driven up borrowing costs, weakened regional currencies and cut countries’ access to international capital markets, the International Monetary Fund (IMF) has warned. This “big funding squeeze”, which is the most serious issue facing sub-Saharan Africa, is […]
Brilliant Planet, an emerging leader in nature-based carbon dioxide removal (CDR) and Mott MacDonald, the global engineering, development & management consultancy, will build in Morocco the largest algae production facility in the world. The announcement was made Friday by the two UK companies in a joint press release. The Moroccan plant will be commissioned in […]
Morocco has gained an important post within the African Union, dealing a hard blow to the Algerian regime which has lost regional and international lust, becoming just an empty shell. Moroccan diplomat Amina Selmane has presented lately to AU Commission chairperson Moussa Faki Mahamat her credentials as the Permanent Representative of the Arab Maghreb Union […]
The final planning meeting of the exercise “African Lion 2023” was held at the level of the South Zone Staff in Agadir from this April 12 to 16. During the meeting, held at the instructions of the King, Supreme Commander and Chief of General Staff of the Royal Armed Forces (FAR), representatives of the FAR […]
Spending as part of the compensation fund subsidizing the prices of fuel, wheat, sugar, and butane gas more than halved to 4.5 billion dirhams in the first quarter this year, auguring well for state finances, according to the finance ministry. Subsidies including cash handouts to transport professionals stood at 44 billion dirhams last year due […]
The Ivorian capital Abidjan will host April 25-28 the NewSpace Africa Conference aiming at providing an avenue to build and maintain new relationship with stakeholders in the African space and satellite industry. The four-day event emphasizes on building new partnerships and business collaborations to advance the economics of the industry, the organizers say. It equally […]
Chinese consumer electronics manufacturer OPPO is considering setting up a smart phone producing plant in Egypt with a total investment of $20 million, the CEO of the General Authority for Investment and Free Zones (GAFI) Hossam Heiba said Sunday. The venture Heiba added during a meeting with Prime Minister Mostafa Madbouly will generate 650 jobs. […]
Central African Republic (CAR) Trade and Industry minister, Lea Mboua Doumta has indicated that the African country is keen to house a BRIC’s New Development Bank, after it agreed to establish the BRICS’ regional representative office in capital Bangui. “We have earlier agreed to establish the BRICS’ regional representative office in Bangui, and it will […]
The members of a British parliamentary delegation, on a working visit to Morocco, made a trip the Dakhla to get informed about the development dynamics in the Dakhla-Oued Eddahab region. The members of the delegation, led by chairperson of the UK-Morocco Parliamentary Friendship Group, Heather Wheeler, made field visits to learn more about the potential […]
The Arab Monetary Fund has agreed to provide Morocco a $277 Million loan to support the country’s financial and banking sector and enable it maintain its economic stability amid a soaring global inflation due to the Russia-Ukraine war. The loan, announced on Thursday by the fund, will strengthen control & supervision of Moroccan financial and […]