First Independent Mena Newspaper
The World Bank has agreed to grant Tunisia a $120 million loan earmarked to facilitate access to funding by Small and Medium Enterprises (SMEs). The announcement was made by WB vice-president for MENA region, Farid Belhaj. The credit will be dished out to financial institutions by the Ministry of Finance and then to SMEs qualified […]
Africa holds the key to global food security because it has 60% of the world’s unused arable land, chairman and CEO of Morocco’s OCP Group, Mostafa Terrab, told the Financial Times. The Financial Times pointed out in its Wednesday issue that in the wake of the war in Ukraine and amid fears about the continent’s […]
Over the past two decades, investment in Morocco amounted to 30% of GDP annually, in an effort led by the state. This model has hit its limits as Morocco aspires to see the private sector playing a leading role in promoting investments and bolstering growth. The adoption of the investment charter last year aims to […]
Australian iron ore company, Fortescue Metals Group, has signed a deal with Gabon, to explore an iron ore deposit in Belinga, north-east of the country, with short-term investment put at $200 million. Fortescue per the deal will commence mining in the second half of 2023. The company in a statement said with the mining convention […]
The signing ceremony of the industrial compensation agreement Morocco concluded with the American Aeronautics company Boeing was held Wednesday at the headquarters of the National Defense Administration in Rabat. This industrial compensation agreement, which is part of the extension of the acquisition program of Apache helicopters, further illustrates the royal vision aimed at modernizing and […]
Cameroon under the directives of President Paul Biya has lined up for a $34.7 million loan from the Islamic Development Bank (IsDB) to finance the Presidential Plan for the Reconstruction and Development of the Anglophone Regions of Northwest and Southwest. The plan estimated at around $3 billion encompasses three phases namely rehabilitation and development of […]
Senegal and Liberia Tuesday signed a memorandum of understanding to curtail “illegal and unauthorized” fishing activities within their respective maritime borders. Pape Sagna Mbaye, Senegal’s Minister of Fisheries and Maritime Economy, and his Liberian counterpart Metieh Glassco signed in capital Dakar the agreement, which according to the Senegalese side, will enable the arrest in Senegalese […]
Trade between Germany and Morocco reached €4.9 billion in 2022, according to the German Chamber of Commerce and Industry in Morocco (AHK Morocco). “2022 marks a milestone for Morocco-Germany economic cooperation, which is now taking on a new dimension,” the AHK Morocco said in a statement. “Thus, total German-Moroccan bilateral trade reached €4.9 billion in […]
Italy has become the latest country to join the US-led Mineral Security Partnership (MSP), announced in June last year, whose aim was to add ethical values to the entire critical minerals and batteries value chain. The announcement was made by the US Under Secretary of State for Economic Growth, Energy, and the Environment, Jose Fernandez, […]
Botswana’s government has revised upwards its 2022 economic growth forecast to 6.7% from an earlier estimate of 4.2 per cent, the country’s Finance Minister Peggy Serame said on Monday according to Reuters. Serame, who was speaking during an annual budget speech, argued that the 2022 revision was linked to the diamond-rich southern african country’s strong […]