First Independent Mena Newspaper
Morocco and Spain signed 20 cooperation deals as they look towards a closer economic alliance after improved ties. The deals were signed at the end of the 12 high-level joint committee co-chaired by head of the Moroccan government Aziz Akhannouch and his Spanish peer Pedro Sanchez. The cooperation deals cover migration, employment, vocational training, infrastructure, […]
Nouakchott will host the Moroccan-Mauritanian Economic Forum at the end of February. The announcement was made during a meeting held on Wednesday in Nouakchott between Morocco’s Ambassador to Mauritania, Hamid Chabar and the President of the National Union of Mauritanian Employers, Mohamed Zine El Abidine Ould Cheikh. The meeting focused on the preparations for this […]
Angola, Zambia and Democratic Republic of Congo (DRC) have agreed to establish a new agency that will oversee the development and joint management of a trade corridor to and from the Atlantic Ocean port of Lobito, which could mean lost business for South African ports. The Lobito Corridor Management Institution will facilitate trade from Zambia […]
The Moroco-Spain Economic Forum, chaired on Wednesday, February 1, 2023 in Rabat by the heads of government of the two countries, Aziz Akhannouch and Pedro Sanchez, has drawn up a roadmap meant to boost commercial and industrial sectors primarily through the creation of new joint ventures. This new dynamic was outlined during the economic forum […]
Africa’s bilateral trade with China surged to a record high in 2022, highlighting how Beijing’s commercial influence over the continent continues to dwarf that of the United States. Beijing’s push to promote imports from Africa and rising commodity prices pushed trade up 11% to $282 billion last year. China’s exports to Africa were $164.49 billion, […]
The Economic Commission for Africa (ECA) and Afreximbank have announced the development of the African Trade Exchange Platform (ATEX), a digital business-to-business (B2B) and business-to-government (B2G) tool to help boost intra-African trade under the African Continental Free Trade Area (AfCFTA). A statement by the ECA on Friday (27 January) also noted that the ATEX platform […]
The sixth edition of the International Halieutis Fair kicked off Wednesday in Agadir, in the presence of 32 delegations from different countries including 13 ministers from African countries. Spain is the guest of honor of this edition which is held February 1 through 5 under the theme: “Sustainable fisheries and aquaculture: levers for an inclusive […]
Tanzania is seeking to have another OCP plant to produce fertilizers in the country as part of efforts to bolster farming output and reduce food inflation. “President Samia Suluhu Hassan had met with Moroccan state-owned fertilizer producer The OCP Group for talks to establish another plant in Tanzania,” Tanzanian media The Citizen reported. Morocco’s phosphates […]
The Renault factory in Algeria’s Oran has come to a halt after Algerian authorities banned imports of key parts from Spain, a ban highlighting that the Algerian regime is ready to pursue political goals at the expense of the economy. Since Spain ended its double-speak on the Sahara issue by expressing full support to the […]
Commercial International Bank Egypt (CIB) is set to proceed with the complete takeover of Kenya’s Mayfair CIB, after obtaining approvals from authorities, in a deal valued at $40 million. The Central Bank of Egypt (CBE) and the Central Bank of Kenya (CBK) have just granted their consent for CIB to acquire the remaining 49% of […]