First Independent Mena Newspaper
The African Development Bank Group will commit $10 billion over the next five years to boost Africa’s efforts to end hunger and become a primary food provider for itself and the rest of the world, AfDB President, Dr Akinwumi Adesina, announced at the Dakar 2 Africa Food Summit in Diamniadio, east of the Senegalese capital, […]
Africa is “less safe, secure and democratic” than it was 10 years ago, says a new report on African governance released by the Mo Ibrahim Foundation on Wednesday, January 25, citing a surge in military coups and armed conflicts. The democratic backsliding now threatens to reverse decades of progress made in Africa, according to an […]
Morocco has pledged to propose a roadmap for the renewal of international cooperation for the benefit of middle-income countries. The pledge was made in New York Wednesday after Morocco was elected, in the person of its permanent representative to the UN, Omar Hilale, chair of the Group of Friends of Middle-Income Countries at the United […]
Top American, Chinese and Russian officials — US Treasury Secretary Janet Yellen, Chinese Foreign Minister Qin Gang and Russian Foreign Minister Sergey Lavrov — are all scrambling to visit several African nations in January to pledge their countries’ commitment to the world’s fastest-growing continent. As President Joe Biden prepares for a visit to Africa later […]
Egypt and India signed several memoranda of understanding covering the areas of ICT, cybersecurity, youths and sports, broadcast, and culture. The MoUs were signed on the sidelines of President El-Sisi’s three-day visit to India to participate for the first time ever in the South Asian country’s 74th Republic Day celebrations, Egypt’s Presidential office indicated Wednesday. […]
The IMF highlighted on Jan 24 the “very strong policy response” that Morocco took to mitigate the social and economic impact of the recent negative shocks fueled by the repercussions of the war in Ukraine. At the end of its Article IV consultations, the IMF said Morocco’s economy will bounce back to 4% in 2023 […]
The African Fertilizer Financing Mechanism (AFFM) has received a $10.15 million financing from the Norwegian Agency for Development Cooperation (NORAD) destined to support agricultural projects for small scale farmers in Kenya, Mozambique and Uganda. NORAD’s contribution will enable the AFFM to provide credit guarantees for up to 36 months in the three countries, with the […]
Soon after announcing the retrieval of 20 billion dollars, President Tebboune drew mockery when he said that another 36 billion dollar amount was confiscated from a family that concealed it somewhere in vast Algeria. That brings the total sum of allegedly seized money to $56 billion, a sum that is about 35% of Algeria’s GDP […]
Morocco’s spending to support the purchasing power of its citizens at a context of imported inflation rose to 40 billion dirhams ($4 bln), finance minister Nadia Fettah Alaoui said. Cooking gas subsidies alone accounted for more than 50% of the subsidies budget at 22 billion dirhams due to an increase in prices in the international […]
Egypt will put Financial Year 2023-2024 budget draft to a community dialogue expected to be convened within the next few weeks in view of enhancing community participation in determining public spending priorities, Finance Minister Mohamed Maait announced Monday. “A community dialogue on the new budget will be launched in the next few weeks, in order […]