First Independent Mena Newspaper
Nexans Group inaugurated Wednesday its photovoltaic power plant in Mohammedia, near Casablanca. The plant, which covers an area of 12,166 square meters, is equipped with 4,640 photovoltaic panels that will produce over 3,927 megawatts of electricity annually, covering nearly 19% of the Nexans plant’s annual electricity needs and reducing carbon dioxide (CO2) emissions by over […]
The Casablanca Stock Exchange has been connected to the African Exchanges Linkage Project (AELP), an e-platform which enables cross-border securities trading among African stock exchanges and contributes to economic integration. In its first phase launched this week, AELP connects seven stock exchanges across 14 African countries: Morocco, Egypt, Nigeria, Kenya, Mauritius, South Africa and the […]
Morocco and Belgium have decided to convene their joint high cooperation committee in Rabat in 2023 to strengthen further multiform partnership set between the two countries. The decision was made during a virtual meeting held between Head of Govt. Aziz Akhannouch and Prime Minister Alexander De Croo. Talks focused on the need to step up […]
Nigeria’s central bank has imposed restrictions on weekly cash withdrawals to limit the use of cash as credit agency Moody’s warned that the country’s banks face tough challenges over a dollar shortage. Foreign currency risk is “very high” for Nigeria’s banking system, according to a report by Moody’s. Nigeria is one of seven countries worldwide […]
The first edition (constitutive session) of the Economic Parliamentary Forum for the Euro-Mediterranean Region and Gulf, initiated by Morocco’s House of Advisors and the Parliamentary Assembly of the Mediterranean (PAM), kicked off Wednesday in Marrakech. This high-level meeting, attended by parliamentarians from more than 30 countries as well as government officials, public and private sector […]
Several partners have pledged to contribute up to $23.5 billion to the Niger’s Economic and Social Development Program known as PDES 2022-2026, the office of President Mohamed Bazoum has announced on the sidelines of an investors’ roundtable held in Paris dec.5-6. “At the end of the first day, 22.3 billion euros (23.405 billion USD) of […]
Leaders of the Western African regional grouping ECOWAS have pledged to club together $1 billion as urgent fund to address terrorism in the region. The pledge came Sunday during the 62nd summit of heads of state of the bloc in Abuja, Nigeria. A communique of the summit read Tuesday indicated that the leaders expressed their […]
A special task-force has proposed to delay the implementation of the East African Monetary Union (EAMU) until 2031 from initial date of 2024, saying it is too soon considering members have not attained all requirements. The proposed delay is an indictment on the members’ commitment to achieve EAMU, a key pillar of integration. The EAMU […]
The eight member countries of the West African Economic and Monetary Union (UEMOA) have not been spared by multiple crises affecting the world and its economic growth rate reached 5.7% in 2022, down 0.4% compared to 2021, the leaders of this organization meeting in Abidjan announced this week. The eight member countries of UEMOA — […]
Twenty-four African countries, member of the Congo Basin and Sahel Climate Commissions are gathered in Casablanca for an exchange and capacity building session, held at the initiative of the Climate Change Competence Center (4C Morocco), in partnership with the United Nations Development Program (UNDP). The session, to run till dec.9, features two workshops focusing on […]