First Independent Mena Newspaper
A new air route between Warsaw and Marrakech was launched this Monday, as part of the development of tourist exchanges between Morocco and Poland. Two weekly flights, every Monday and Friday, operated by low-cost airline “Wizzair”, will connect Warsaw Chopin and Marrakech Menara airports, a statement from Morocco’s Embassy in Poland said. This new air […]
As the Southern African Railway Association (SARA) announced it is pushing ahead with the drafting of a regional railway master plan, Namibia State-owned freight utility TransNamib is engaging with the Development Bank of Southern Africa on the viability of the plan. During the SARA Rail Conference hosted last week, CEO and SARA Vice President Johny […]
Egypt has announced granting ‘golden licenses’ to investor applicants in the north African country for a period of three months, in a bid to speed up projects and boost investment, reports say. The license will allow investors to buy or rent lands, operate and manage the projects and allocate the necessary facilities with just a […]
Namibia has called on Germany to go back to the negotiating table to discuss again and review the genocide agreement reached in May 2021 between the two governments. “Technical committees of Namibia and Germany discussed the issue and proposed that amendments be made to the joint declaration in the form of an addendum which was […]
Morocco has dedicated its “strategic commitment” to the development of its Southern Provinces and has made the promotion of the welfare and economic progress of its Saharan regions a major objective, a Spanish Think-Tank said. According to the Spanish think tank and research center, Coordenadas Institute for Governance and Applied Economics, this objective overlaps with […]
The International Monetary Fund (IMF) said on Thursday it had agreed a $3 billion Extended Fund Facility (EFF) over 46 months with Egypt, Reuters reports. The deal is part of a four-year international financing program worth a total of $9 billion which also includes $1 billion from the IMF’s Resilience and Sustainability Trust (RST) and […]
The American group specializing in the manufacture of automobile seats and electrical and electronic systems has inaugurated a new factory in Meknes that adds to the 15 units the US group already operates in Morocco. The new site, which required an investment of $18.3 million (200 Million DH), was built on an area of 54,000 […]
Algeria has announced painful reforms including subsidies cuts on which the social peace hinges to try to save its crumbling finances, but all the reforms have vanished as the oil and gas bonanza offer the regime space to gain time and delay reforms as the country heads straight to economic collapse. Before the Russia-Ukraine war […]
Egypt has increased the minimum wage in the public sector from 2,000 Egyptian pound ($101.3) to 3,000 in a move to help workers surf the increase in the cost of living, reports say. Prime Minister Mostafa Madbouly who announced the decision said the government will pay an exceptional bonus of EGP 300 for employees in […]
At least 50 companies are expected to list on the Ethiopian Stock Exchange (ESX), set to launch in two years, which will provide a platform for the privatization of the country’s state-owned enterprises. Three months ago, Ethiopia announced it was in the process of establishing a stock market signaling a window of opportunity for cross-listing. […]