First Independent Mena Newspaper
Morocco’s state-owned phosphate OCP group has pledged to dedicate 4 million tons of fertilizers for African farmers in 2023 in a solidarity move with African countries. The announcement was made by OCP Chairman & CEO Mostafa Terrab at the ongoing 2022 IMF-World Bank Annual Meetings held in Washington-DC 10-16. Over 44 million farmers across 35 […]
The Spanish Council of Ministers approved, on Wednesday, an agreement to grant a loan of up to 20 million euros to the Fund for the financing of microfinance organizations in Morocco, Jaïda. The loan, granted through the Spanish Agency for International Development Cooperation (AECID), aims to finance the expansion of the Jaïda Fund portfolio. ”The […]
With many Africans using cryptocurrencies for everyday transactions rather than speculation, cryptocurrency market across Africa grew by over 1200% between 2020 and 2021, and its usage remains high in 2022 despite the ongoing difficult bear market. 2022 has been a very difficult year for digital asset and cryptocurrency markets when the value of many major […]
Through its $1bn five-year investment plan, US tech giant Google wants to tap into the African concept of “Ubuntu”, which was originally meant to pivot pan Africanism. Proponents of Ubuntu philosophy, such as South African fallen cleric Desmond Tutu, see it as a universal bond of sharing that connects all humanity — in this case […]
Debt restructuring efforts for Chad and Zambia could be completed by the end of the year, which would pave the way for more countries to seek help, International Monetary Fund (IMF) Managing Director Kristalina Georgieva said. Speaking with civil society groups at the start of the annual IMF and World Bank meetings, Georgieva said a […]
Morocco’s economic growth is expected to slow down to 0.8% in 2022 due to adverse international juncture and rebound to 3.1% the following year, says the International Monetary Fund (IMF) in its latest World economic outlook. Inflation is expected to reach in the country 6.2% this year before decreasing to 4.1% in 2023, adds the […]
Members of the Association of British Travel Agents (ABTA) are meeting in Marrakesh to discuss the industry issues, challenges and the future of travel & tourism. This year’s ABTA oversea travel convention, taking place from 10 to 12 October in Morocco’s red city, marks a return to in-person meetings after two-years of restrictions due to […]
Henri Claude Oyima, head of Gabon’s private bosses indicated Monday that the country’s struggling National Social Security Fund, CNSS, should be managed by the private sector per recommendations of Inter-African Conference on Social Security (CIPRES). “We are the ones who pay, we think that we have to manage this institution and that the State must […]
Senegal’s national carrier, Air Senegal has announcement the suspension, from October 30, of flights to Central Africa destinations due to low financial returns. “This decision is justified by the poor financial performance of this triangular route since its launch in March 2021,” the carrier said in a statement. The destinations scrapped are Cotonou (Benin), Douala […]
Miners operating in Zimbabwe will have to pay some of their royalties in refined metal rather than cash, as the country will hold reserves of gold, diamonds, platinum and lithium, says President Emmerson Mnangagwa. Zimbabwe’s president said the new policy that compels miners to pay half of their royalties in commodities and half in cash […]