First Independent Mena Newspaper
Afrijet, Gabon’s only airline providing domestic flights, has called for more competition and tax reforms as part of the efforts to slash down the price of flight tickets. “Dreaming of competition to be able to set prices is not according to this debate, but according to the reality of our costs! Like all economic actors, […]
Egypt has announced a deal with the International Monetary Fund (IMF) on policies and economic and structural reforms for the country’s new economic reform program, amid talks for a new loan program. Egyptian authorities announced the success of technical meetings held between an Egyptian delegation and the director and experts of the IMF, saying the […]
The 5th edition of the YouthConnekt Africa summit that ended in Kigali, Rwanda, on Saturday (15 October) was attended by thousands of young innovators and leaders from all across the world who discussed different ways to promote growth and advancement for the youth of the African continent. This year’s summit — on the theme “Accelerating […]
The administration of President Patrice Talon of Benin has unveiled the 2023 budget put at around $4.5 billion, up from $4.4 billion the previous year. The cabinet also forecasts 6.5 per cent of Gross Domestic Growth (GDP) for the same year, a little higher than the 6 per cent attained last year. The government forecasts […]
U.S. Agency for International Development and the International NGO GiveDirectly are providing an additional $4 million to support Moroccan agricultural cooperatives suffering from recent economic shocks, including the Covid-19 pandemic, drought, inflation, and a global food crisis sparked by the Russia-Ukraine crisis. At the end of September, the U.S. Congress approved $2 million for a […]
Zambia is hosting a two-day business summit in Lusaka this week to try to attract American investors to the country, in effort to diversify the economy and decrease dependence on extractive industries such as copper, according to Zambian officials. Moving away from dependence on extractive industries, which account for most of the country’s exports, is […]
King Mohammed VI has laid out a roadmap for promoting productive investment as it constitutes a lever for boosting economy and creating jobs and growth, and called for removing the obstacles that still prevent a real take-off of domestic investment at all levels. In a speech he delivered Friday at the opening of the Parliament […]
India has halted all production at Maiden Pharmaceuticals’ main factory near New Delhi after a WHO report that the company’s cough syrups exported to the Gambia may be linked to the deaths of dozens of children there. The recent incident which has claimed the lives of 69 children, according to WHO, has come as a […]
Axel Van Trotsenburg, World Bank Managing Director of Operations Wednesday called on Tunisia to carry out crucial fiscal reforms which he claimed will put the North African country on development trajectory. “These reforms are equally important for the population,” Trotsenburg said in a tweet following a meeting with Tunisia’s Ministers of Planning and Finance. The […]
Cairo-based fintech startup, Telda, has landed $20 million in seeding funding from several investors including Jack Dorsey, former Twitter Chief Executive Officer, Bloomberg reports. The seed fund will serve the expansion into new markets. Telda also plans to use the money to build its product offering. “In Egypt dealing with money is still a complicated […]