First Independent Mena Newspaper
The Nigerian National Petroleum Corporation (NNPCL) will invest $12.5 billion to secure a 50% stake in the $25 billion Nigeria-Morocco gas pipeline project. This historic project is expected to set a record as the world’s longest offshore gas pipeline, covering some 5,600 km across 11 African countries. NNPCL and Morocco’s National Office of Hydrocarbons and […]
During the ongoing holy month of Ramadan, millions of Muslims around Africa are feeling the pinch of inflation, as food and energy prices have been soaring in the wake of the Russia- Ukraine war and also due to the lingering effects of the Covid-19 pandemic and climate change-related events on the global economy. African countries, […]
After first denying the covid-19 crisis, Tanzania is now unable to account fully for aid received from abroad, as the country’s controller and auditor general has found irregularities of more than $1.6 billion in the funds allotted for the country’s Covid-19 socioeconomic recovery and response (TCRP) plan. The audit report of Tanzania’s controller and auditor […]
Morocco lifted entry restrictions imposed on travelers coming from China as of April 5, 2023, the Chinese Embassy in Rabat said in a statement released this Friday. In January and in view of the massive surge in Covid-19 cases in the Asian country, Morocco announced that only passengers who leave the People’s Republic of China […]
Tunisia has been running for more than a year behind an IMF loan and its biggest partners, in particular the European Union, and the United States have been doing their utmost to get the loan, warning of the risks of the Tunisian economy collapsing, if ever. The IMF tied the loan to reforms that the […]
One of the most striking differences between the approaches by the European Union and the United Kingdom to negotiating trade deals with Africa is the extensiveness with which the EU negotiates these trade agreements, while the UK’s approach, in contrast, is to try to sign deals as quickly as possible, says a new report by […]
The eight member countries of the West African Economic and Monetary Union (WAEMU) are struggling to raise funds on the regional capital market, as investors demand higher interest rates amid tightening liquidity, financial market sources said. WAEMU IS an organization of eight, mainly French-speaking, states within the Economic Community of West African States (ECOWAS) which […]
A new report by World Bank has highlighted the underperformance of Egypt, Nigeria, South Africa and other African big economies, saying they are slowing down the continent’s economic growth. In its Africa Pulse report, the Washington-based bank expresses its concern that Sub-Saharan Africa could be facing a “lost decade” of slow economic growth and high […]
The UN Economic and Social Council on Wednesday re-elected Morocco, by acclamation, as a member of the Commission on Narcotic Drugs, the UN’s central decision-making body on drugs. The Kingdom, which currently sits on this Commission, whose work is held in Vienna, was re-elected on behalf of the Group of African States, for a term […]
The World Bank has granted Morocco an additional funding of $250 million to finance the Support to Education Sector Program. This additional funding will bring the total funding of the program to $750 million. The related loan agreement was signed, Wednesday in Rabat, by the Minister in charge of the Budget, Fouzi Lekjaa, and the […]