First Independent Mena Newspaper
Morocco and Saudi Arabia are looking into ways of stepping up economic partnership and trade exchanges in a bid to match the excellent relationship existing between the two countries’ Monarchs, governments and peoples. Cooperation prospects in various sectors of common interests were at the center of separate talks held Monday in Rabat by visiting Saudi […]
Morocco’s trade deficit deepened 56% to 215 billion dirhams ($20 billion) up to August amid soaring prices of refined energy products, wheat and ammonia in the international market. Energy imports increased 128% to 103 billion dirhams in the first eight months this year, partly because Morocco imports all of its refined gas and fuel oils, […]
Ghana is a classic case of emerging economies in Africa and other parts of the world who have been caught in a perfect storm and are struggling to service their foreign currency denominated loans owing to a strengthening US dollar, rising global interest rates and that is made worse by their excessive borrowing. Ghana is […]
Morocco and Mauritania signed, on Friday in Nouakchott, the first operational plan for the years 2023-2024, relating to the implementation of the framework convention in the field of maritime fisheries and aquaculture, signed during the 8th session of the Moroccan-Mauritanian High Joint Commission. The plan, signed on the sidelines of the 1st session of the […]
Thanks to decades of investments, Moroccan major banks increased their market share in the 8 countries of the West African economic community (ECOWAS) to 21%. A recent ECOWAS report highlighted the expansion of Morocco’s Attijari Wafabank, BCP and Bank of Africa, whose activities dominate some countries such as Mali. In Mali, the three banks have […]
Gabon’s civil aviation, ANAC, has issued an operation permit to Gabon Aero Solutions, a private airline using helicopters, to transport personnel of oil and gas companies operating in the central African country. Christophe Lacombe, a helicopter pilot, is the project director. Based in capital Libreville, the company is launched with private capital gathered from Gabonese […]
The African Development Bank has approved a €199 million loan to finance Morocco’s competitive & resilient cereal development program to help boost food security, nutrition, and crops resilience across Africa. The program will help reduce Morocco’s cereal imports, focusing on improving productivity and the resilience of cereal production to climate change. It also provides for […]
The UNDP and Cameroon have inked a loan deal of $21 million earmarked to strengthen the resilience of Small and Medium Enterprises (SMEs) of the central African country in addressing impacts of the COVID-19 pandemic, Journal du Cameroun reports. The agreement signed between UNDP Chief in Cameroon Jean-Luc Stalon and Alamine Ousmane Mey, Minister of […]
While Kenya’s newly elected President William Ruto, ran his election campaign on an anti-China platform, the language of his new administration now stands in a sharp contrast with the strident tones he used on the campaign trail. During his campaign, Ruto talked tough on China, vowing to deport Chinese nationals doing jobs he said should […]
Portugal, which is faced with a labor shortage, is set to recruit 400 Moroccans who will work in the farming sector, under a Memorandum of Understanding signed Wednesday. The MoU was signed, Wednesday in Lisbon, between the Moroccan National Agency for the Promotion of Employment and Skills (ANAPEC) and the Portuguese Institute for Employment and […]