First Independent Mena Newspaper
The regions of Casablanca, Rabat and Tangier have created 60% of Morocco’s GDP in 2020, with five other regions contributing by 33%, the high commission for planning said. Morocco’s GDP dropped to $115 billion in 2020 under the double impact of the pandemic and drought. The three leading economic regions are also demographically dense compared […]
Morocco and the World Bank signed on Monday in Rabat a €236.7 million loan agreement for the funding of the North-East Economic Development Project destined to improve transport connectivity and rev up the private sector growth in the North-Eastern region of the Kingdom. The agreement was inked by Economy & Finance minister Nadia Fettah Alaoui […]
A large delegation of Spanish business operators on Monday visited several completed and ongoing projects in the Moroccan Southern city of Dakhla to explore the investment opportunities offered by this region. On this occasion, the economic actors and business leaders said they were “impressed” by the investment opportunities and the quality of infrastructure in Dakhla, […]
Canada’s mining company Aya Gold & Silver announced on Monday it reached an agreement with Morocco’s National Office of Hydrocarbons and Mines (ONHYM) to acquire its 15 pc interest in the Zgounder project and five adjacent permits to the Zgounder Silver Mine for $6.5 million. ONHYM will maintain its 3% royalty on the Zgounder property, […]
Kenya has started exporting its fresh avocados — dubbed as “green gold” — to China, which is seen as a step in Beijing’s elaborate plan to increase imports from Africa to help balance the trade between China and the continent. The first batch of fresh avocados grown in Kenya and destined for the Chinese market […]
Morocco was ranked the most economically free country in North Africa, while its gas-rich neighbor took the backseat regionally and internationally, the Fraser Institute said. The 2022 World Economic Freedom Report includes an index measuring the degree to which the policies and institutions of countries are supportive of economic freedom Out of 165 countries, Morocco […]
Central African countries have signed an agreement to create a regional oil and gas pipeline network and hub infrastructures which proponents say will strengthen energy supply and reduce dependence on imports of refined products. The deal, inked on Thursday (8 September), aims to construct three multinational oil and gas pipeline systems of around 6,500 km, […]
The members of the Africa Regions Forum (FORAF), convened in Saidia, committed to implement the mandates of regional governments, by releasing the full natural and human, tangible and intangible potential of regional territories in Africa to create wealth, jobs and opportunities for people. In the “Saïdia Declaration”, adopted at the end of this first Forum […]
Morocco is set to turn vast swathes of land in the southern provinces, the Sahara, into green productive areas with the recent launch of a tender to attract private investors to develop 5200 hectares in Dakhla into irrigated productive farms offering jobs to locals and supplying the domestic market, the agriculture ministry said. The public-private […]
Benin President Patrice Talon announced an increase of the minimum wage in November, the spokesperson of the government, Landre Hougbedji told 24 Au Benin Info reports. Trade unions have called on President Talon to stamp his April decision to bring the monthly minimum wage from 40,000 fr cfa (61 euros) to 52,000 fr cfa (79 […]