First Independent Mena Newspaper
Indian chemicals and fertilizers minister Mansukh Mandaviya will be visiting Morocco this month to seal long-term phosphates supply deal amid surging prices in the international market. Indian media reported that in addition to Morocco the minister, accompanied by Indian firms, will also visit Egypt to set up plants for Diammonium Phosphate (DAP) and Nitrogen-Phosphorus-Potassium (NPK) […]
The Egyptian Minister of Transport, Kamel El-Wazir, announced the arrival of the third and fourth luxury Talgo trains made in Spain. The newly-arrived high-speed trains are part of seven trains contracted with Spanish train manufacturer Talgo. The contract valued at €157 million includes maintenance and supply of spare parts. Each of Talgo trains consists of […]
President Andry Rajoelina of Madagascar announced his country is seeking an investment from Morocco in the fertilizer sector as part of its efforts to achieve farming self-sufficiency, Reuters reports. “We are seeking Moroccan fertilizers as well as investments in the fertilizers’ sector,” Rajoelina, who visited Morocco in October, told Reuters in an email. “We need […]
The Central Bank of Egypt (CBE) abolished a February 2022 circular requiring the use of letters of credit for imports, and allowed the use of collection documents instead, Arab Finance reports. The CBE in a late December circular scrapped the letter of credit which provides an irrevocable guarantee to the exporter that the importer’s bank […]
Namibian authorities have ordered Russia’s state atomic energy agency to stop uranium exploration over concerns about potential contamination of underground water. Namibia’s Ministry of Agriculture, Water and Land Reform refused to grant Russia’s Rosatom subsidiary, One Uranium, a water use permit required for mining, saying the company failed to prove its uranium extraction method would […]
Morocco’s exports of phosphates and fertilizers as well as the sales of its automotive sector hit a record 20 billion dollars that helped mitigate a surging trade deficit due to higher energy, food and equipment prices. Morocco’s exports of phosphates and derivatives rose 54.8% to 10.3 billion dollars, while the automotive sector’s imports rose 35% […]
The Moroccan Foreign Ministry has processed about 70,000 applications for electronic visas (e-visa) in six months, said Government Spokesman, Mustapha Baïtas. At a press briefing held after the Government council’s weekly meeting Thursday, Baïtas brought up the decision to allow new countries to benefit from the “e-visa”, explaining that the e-visa procedure has helped increase […]
Egypt’s President Abdel Fattah al-Sisi on Thursday approved a document outlining 62 economic activities the state will withdraw from and turn over to the private sector, a cabinet statement said. The document’s approval was required by the International Monetary Fund, which this month approved a $3 billion financial support package for Egypt. The statement said […]
Morocco, Egypt, South Africa, Mauritius, and Tunisia are Africa’s most industrialized economies but it is the other countries, which have improved the most over the past 10 years, that have made the greatest efforts to move away from economic dependence on extractives toward value-adding sectors. The countries that showed the greatest progress over the past […]
“Neo” is the first Moroccan car brand to be produced for local market with a €50 million investment which will be used for the building of a factory for this project. The announcement has been made by the Minister of Industry & Trade, Ryad Mezzour. He told Saudi newspaper Asharq that the plant is expected […]