First Independent Mena Newspaper
The European Bank for Reconstruction and Development (EBRD) is supporting Morocco’s packaging industry with a €15 million loan provided to Multisac SA, local manufacturer of woven polypropylene bags in Morocco. The announcement of the funding coincides with the visit of EBRD chief Renaud Bassu is paying to Morocco. The €15 million loan will support the […]
MasterCard has inked a partnership agreement with Copal to launch Egypt’s first family digital payment and expenses management mobile application, Arab Finance reports, citing a press release. The app aims to spread E-banking services by integrating youth into the banking system and the formal economy in a way that achieve Egypt’s financial inclusion goals, the […]
Global attitudes toward China and Russia have shifted since the Kremlin’s invasion of Ukraine, but African countries’ discontent with the West has not translated into a desire for Beijing or Moscow to wield greater influence over the international order, the annual report of the Munich Security Conference has found. Critics have accused African governments of […]
A number of African countries have surged in global rankings that gauge internet speeds at telcos and internet service providers, according to the Speedtest Global Index of median mobile internet download speeds by Ookla, a global network intelligence and connectivity research firm. As investments into network infrastructure and deployment on the continent intensify, by the […]
Morocco’s economic growth is expected to grow 3.1% in 2023 thanks to a rebound of the primary sector, says the World Bank’s in its latest report “Responding to Supply Shocks”. After a strong post-COVID-19 rebound last year, Morocco’s economy came under mounting pressure from overlapping supply shocks: a severe drought and a surge in commodity […]
President of the European Bank for Reconstruction and Development (EBRD), Odile Renaud-Basso, starts this Wednesday a three-day working visit to Morocco for talks with government officials and leaders of the private sector and civil society. Commenting her Moroccan trip, Ms.Renaud-Basso said the bank is committed to supporting Morocco’s economic growth, regional integration and green economy […]
African countries should accelerate inclusive recovery efforts to boost economic growth to eliminate the impact of the shocks caused by Covid-19, the war in Ukraine and climate change, all of which have pushed more people into extreme poverty and have increased inequality worldwide, according to Antonio Pedro, the Executive Secretary of the United Nations Economic […]
Cocoa exporters in Ivory Coast are on the verge of defaulting on their contracts due to a lack of beans and urgently need up to 150,000 tonnes to honor their commitments, according to industry sources. As the world’s top producer heads towards the end of its October-to-March main harvest, cocoa bean supply is tight, with […]
Spanish Foreign Minister Jose Manuel Albares has affirmed that Morocco remains “the first priority” of his country’s foreign policy, stressing the need to maintain good relations with the North African Kingdom. Speaking during a forum held Monday in Madrid on the occasion of the upcoming Spanish presidency of the European Union, Albares said all Spanish […]
Amid rising prices, Moroccan authorities have been inspecting markets to make sure supply and prices are appropriate while taking measures to curb exports of main vegetables ahead of Ramadan. Reuters reported Morocco ordered a halt of tomatoes, potatoes and onion exports to West African markets to ensure food security at home. The prices of the […]