First Independent Mena Newspaper
The leader of transition in Guinea Mamadi Doumbouya has ordered Prime Minister Bernard Gomou to audit the spending of the national budget after the country suffered deficit of $833 million, Faapa news agency reports. A statement from the cabinet said the leader of the West African country wants to correct the shortcomings and failures noted […]
Morocco and Djibouti signed, Monday in Rabat, a cooperation agreement aimed at developing maritime relations between the two countries and at ensuring better coordination of bilateral maritime traffic and related maritime transport. Under the agreement, the two parties undertake to cooperate for the development of merchant marine between their respective ports and encourage shipping companies […]
As part of its defense industry strategy, Morocco is on track to produce reconnaissance and combat drones in partnership with Israel, according to a parliamentary report. The two countries had signed a defense pact following the restoration of their diplomatic ties. Moroccan and Israeli top generals met on multiple occasions and Rabat had received a […]
The European Union, EU, is set to grant Tunisia €100 million earmarked to help the North African country surf the impacts of the pandemic and to support the economy, the ministry of Economy and planning has announced. The financing agreement will be signed this Monday, November 14, 2022, at the headquarters of the Ministry of […]
Egypt has reached a deal with Shanghai-headquartered New Development Bank (NDB) to join the financial institution whose strategy the Arab country says is in line with its vision. Minister of Finance Mohamed Maait according to the statement from his department held talks with NDB’s Chairman Marcos Troyjo on the sidelines of COP27. Both parties, the […]
Kenya Airways (KQ) and South African Airways (SA) are collaborating to form a pan-African airline, Zawya reports citing Kenyan Wall Street Exchange. Leaders of both countries namely William Ruto of Kenya and South Africa’s Cyril Ramaphosa are discussing the feasibility of the project. “We have agreed that that agreement should be progressed forward as it […]
Prospects for bolstering industrial and trade cooperation between Morocco and Spain were reviewed at a meeting in Madrid Friday that brought together the two countries’ Industry and Trade Ministers Ryad Mezzour and Reyes Maroto. The meeting was an opportunity to draw up a positive assessment of bilateral cooperation in industrial and business realms, in light […]
Three pharmaceutical giants are about to put an end to their investments in Tunisia, in a series of bad economic news that continued to flow in Tunisia led by a President who is more into empty rhetoric than taking action to avert the financial collapse of the country. So far, local subsidiaries of Bayer, GSK […]
Strategically located Democratic Republic of Congo (DRC), which is endowed with the key required raw materials, is poised to be a world leader in fertilizer production, according to Stéphane Rigny, the executive chairman of Kanga Potash. Kanga Potash, which has received its license to mine and produce potash in DRC, announced in July it was […]
Moroccan MPs gave go-ahead to the 2023 budget law that aims to foster the well-fare state, cut the fiscal deficit and promote investment in a difficult international context marked by the impact of imported inflation and the repercussions of climate change and drought. Drought and inflation have both dipped Morocco’s growth forecast for 2022 to […]