First Independent Mena Newspaper
Côte d’Ivoire’s national carrier, Air Côte d’Ivoire has placed order for two Airbus A330neo as the airline embarks on long haul flights, outside the continent. “The delivery of these two aircraft is scheduled for the 4th quarter of 2024 for the first and the 2nd quarter of 2025 for the second and will allow the […]
Africa’s leading tourism operators, counting 450 delegates from 43 countries, are attending a three-day Africa Tourism Leadership Forum in Gaborone, Botswana, to discuss how to revive the industry ravaged by the Covid-19 pandemic. With intra-African travel at the top of the agenda, Botswana’s President Mokgweetsi Masisi told attendees they need to focus on ways to […]
Morocco may no longer issue an international bond as was planned earlier this year amid deep uncertainty and market volatility, finance minister Nadia Fettah Alaoui said. The government expects its financing needs to grow to 60 billion dirhams ($5.5 bln) next year compared with some 45 billion dirhams this year. “We will try to strike […]
India’s richest person Gautam Adani is negotiating with Moroccan authorities the setting up of a giant clean energy project that would produce 10 gigawatts, Bloomberg reported. Adani’s group is considering building solar and wind plants as well as facilities to produce and export green hydrogen, the news agency reported citing anonymous sources. Morocco currently has […]
The city of Agadir has made a successful issuance of Morocco’s first municipal bond of 1 billion dirhams to fund its development plan. The dirham-denominated bond sale targeted national and international institutional investors as the commune braces for a facelift. The European Bank for reconstruction and development (EBRD) has supported Agadir’s bond with an investment […]
The European Commission adopted on Tuesday a new program worth €115 million to support Morocco’s ecological, inclusive and innovative farming. Dubbed “Terre Verte”, the program aims to contribute to Morocco’s strategies “Green Generation” and “Moroccan Forests” covering the period 2020-2030 by promoting an ecological transition conducive to the creation of decent work opportunities in Morocco […]
A delegation of the International Monetary Fund (IMF) will visit Egypt in the first week of November to resume talks over a new loan agreement. Egypt and the Washington-based institution began talks for a new loan for the Middle East country in March. The Arab country has turned to the IFM for a new loan […]
Africa Continental Free Trade Area (AfCFTA) can only be successful if there is seamless movement of people, goods and services and a reinforced nexus with the continent’s industrialization so as to effectively realize Africa’s critical development aspirations. AfCFTA can only be successful if there is seamless movement of people, goods and services, according to Dr. […]
Morocco plans to increase the budget for health, education and social safety nets next year but expects the budget deficit to be reduced thanks to an increase in tax revenue, reads the 2023 draft budget. The budget plans to increase in the next four years taxes on companies exceeding 100 million dirhams in annual profits. […]
Egypt’s leading engineering, construction and infrastructure company, Hassan Allam Holding, is considering investing up to $150 million in renewable energy and seawater desalination, in Morocco, the company’s CEO Amr Allam told Asharq Business in an interview. “If we entered a partnership in a renewable energy plant with a capacity between 50 and 100 megawatts (MWs), […]