First Independent Mena Newspaper
Morocco’s annual dates production is expected to increase to 300,000 tons by 2030 up from 149,000 tons recorded in 2021, according to latest data released by Moroccan ministry of agriculture. This goal will be reached thanks to the implementation of the new agricultural strategy Green Generation 2020-2030. Under this ambitious plan, 5 million palm date […]
Agricultural automation can boost global food production and be a boon for small-scale farmers in developing countries, a new United Nations report has found. “The State of Food and Agriculture 2022“ report, just released by the UN Food and Agriculture Organization (FAO), says automation is rapidly changing the face of agriculture. New technologies, the authors […]
Chinese-owned garment manufacturer “Omega Textile Maroc” opened in Casablanca a new facility, the third of its kind in the North African Kingdom, which is attracting more and more investors and businesses. The company, which makes socks and lingerie items, has invested over $7.1 million in the new unit to create 627 new jobs, including 240 […]
The Central African Republic’s (CAR) recent pledge of allegiance to Russia comes amid speculation that its recent adoption of Bitcoin was a means of opening up the financial system to Russian companies after they were locked out by global sanctions. CAR adopted a law in July to introduce Bitcoin as legal tender, but the law […]
Morocco on Tuesday signed a Memorandum of Understanding (MoU) with Capgemini Engineering, a global leader in consulting, digital transformation, technology and engineering services. The MoU provides for the creation of 1,500 jobs in the fields of engineering by 2026. The agreement is set to create 1,500 additional jobs in the engineering sector by 2026, Morocco’s […]
The third edition of the Africa Investment Forum (AIF) kicked off Wednesday in Abidjan, the economic capital of Côte d’Ivoire, with the participation of officials and representatives of many countries, including Morocco. Morocco is represented at this event by a delegation of the National Office of Hydrocarbons and Mines (ONHYM) chaired by its Director General […]
The International Monetary Fund, IMF, announced November 1 the re-election of Egypt’s ex-Minister of Investment, Mahmoud Mohieldine, as executive director and member of the board. Mohieldin represents a group of Arab states, namely Egypt, the UAE, Bahrain, Kuwait, Oman, Qatar, Jordan, Iraq, Lebanon, and Yemen, along with the Maldives. Following his re-election Mohieldin stressed that […]
The World Bank team in charge of the supervision mission of the Blue Economy Program, conducted jointly with the Moroccan Ministry of Economy and Finance October 17 to 26, congratulated various partners and the program management unit (PMU) for all the work accomplished. “At the end of the supervision mission, the World Bank team congratulated […]
Noureddine Taboubi, the Secretary General of Tunisia’s powerful labor union UGTT, Monday laid into the government of President Kais Saied for succumbing to the International Monetary Fund and pledging to relinquish control of some state-run companies, including a bank and a factory. The government “recently made a commitment to the International Monetary Fund to sell […]
The economies of East Africa face rather bleak prospects for growth this year because of the increasing risk of debt distress, widening fiscal and current deficits and limited economic diversification plans, according to the latest forecast by the African Development Bank (AfDB). The AfDB forecasts the region’s GDP at 4% this year, before recovering to […]