First Independent Mena Newspaper
Morocco’s textile industry has outperformed pre-pandemic levels hitting 3.26 billion dollars in exports up to November this year according to foreign exchange data, but professionals warn of the heavy dependence of Moroccan textile sector on imported material. For decades, Morocco is in the top 10 list of suppliers of the European market and takes the […]
US plane maker Boeing will manufacture 12 CH-47F Chinooks for Egypt as the Arab country moves to modernize its military helicopter fleet. The US Army has awarded Boeing a $426 million contract for the aircraft. The contract comes more than seven months after the US State Department approved the foreign military sale on May 26 […]
Uganda Revenue Authority (URA) has directed persons earning an income from entertainment activities to get tax identification numbers, reports say. Per the directive, failure to obtain the tax identification number shall attract a fine of up to 3 million Shillings ($807.58) or imprisonment of six years or both if the failure is done intentionally or […]
Mali and Brazil are committed to deepen their bilateral cooperation in the fields of security, agriculture and livestock breeding as Bamako is concerned with security of all Malians and food security. The announcement was made by Malian PM Lieutenant Colonel Abdoulaye Maïga upon return from the South American country where he attended the inauguration of […]
Trading in Kenya Airways shares has been suspended for another year, as the indebted national carrier battles to return to profitability and the country’s president says he wants to sell the government’s stake. Stocks in the troubled airline have not been traded since July 2020 in the midst of the Covid-19 pandemic, which devastated global […]
Qingdao Sentury Tire Company is planning to build a $297 million radial tires manufacturing plant in Morocco’s northern city of tangier. The new investment shows that Morocco continues to attract foreign investors due to its political stability, geostrategic position, skilled manpower, connectivity and proximity to European, Mideastern and African markets. The Tangier tire factory will […]
Senegal is keen on bolstering ties with Finland and diversifying its cooperation with the European country to make of it a great partner in the future. “The low level of partnership between the two countries is the reason why we want to deepen this cooperation with Finland, which is called to become a great partner […]
The UK’s international institute Chatham House revealed that Angola is the African country that has borrowed the most from China in the last 20 years, to the tune of over $40 billion. Experts in Luanda differ on the relevance or threats of these loans. While some consider that this practice is bad for the country […]
The United States has dropped Burkina Faso from its trade preference program citing deep concerns over “unconstitutional change” in government in the West African country, according to a statement by the office of the US Trade Representative (USTR). The USTR’s office said Burkina Faso had failed to meet the requirements of the African Growth and […]
The paradise island of Mauritius has been hit hard by climate change and Covid-19, but returning tourists and a renewed focus on manufacturing and the blue economy offer causes for optimism. Climate change is just one of the factors troubling the island’s tourism industry. In 2020, the island adopted a “zero Covid” policy and a […]