First Independent Mena Newspaper
The Moroccan government is elaborating a budget bill forecasting growth at 4.5% in 2023 after 1.5% in 2021, assuming an average agricultural output. Growth has decelerated in 2021 as the country faces the worst drought in decades, coupled with imported inflation pressures affecting the trade balance due to higher energy imports. The 2023 growth forecast […]
Trade exchange between Malawi and other countries in the African region has improved over the years, with statistics showing that Malawi now accounts for 32% of intra-Africa trade A recent study published by Brookings Institution Africa Growth Initiative indicates that at 32%, Malawi ranks on position seven out of 13 countries that have improved performance, […]
Unlike in 2021, this year, Google is funding an equal number of men and women-founded startups through its Black Founders Fund, which embodies the tech giant’s commitment to invest in Black entrepreneurs in Africa. Google started its Black Founders Fund following the wave of concern in 2020 after the George Floyd protests in the US […]
A new report published by the International Trade Centre (ITC) last Thursday urges countries in Africa and the Caribbean to tap into the more than $1 billion in export potential between both regions. ITC’s “Expanding African-Caribbean Trade“ report, released at the inaugural AfriCaribbean Trade and Investment Forum (AFCTIF) in Barbados, highlights partnerships such as between […]
The landmark multi-billion-dollar Arab-Africa Guarantee Fund (AAGF), which is due to start operations in 2023, could provide a boost to the Arab-Africa trade that has been static at 17% of the continent’s total trade for the last seven years. Despite centuries of exchanges, Arab-Africa trade has been static at 17% of the continent’s total trade […]
Nigeria continues to lag behind in making the AfCFTA trade agreement operational, as a number of other African countries have been chosen to begin exchanging goods and services under the AfCFTA terms. Almost two years after the implementation of the African Continental Free Trade Area Agreement (AfCFTA), which came into force on 1 January 2021, […]
Moroccan and Mauritanian businessmen will meet on Sept.20 in Casablanca to discuss joint ventures and partnership projects in agriculture, energy, agri-food business, pharmaceutical industry and finance. The meeting is organized by the General Confederation of Moroccan Enterprises (CGEM) and the National Union of Mauritanian Employers (UNPM). The event aims to strengthen economic and commercial cooperation […]
Zambia, the first African country to default on its debt in the COVID-19 era, has won International Monetary Fund board approval for a $1.3bn support package, an important step towards the nation restructuring its debt and a boost for the global effort to help indebted developing nations. The lending plan — an Extended Credit Facility […]
Morocco stands as the second largest destination for Japanese investments in Africa with 75 firms employing 50,000 people, a position that well-places the Kingdom to attract more investments as Japan seeks a foothold for its companies at the crossroads of major global trade routes. Thanks to its world class infrastructure including major ports such as […]
Morocco’s trade balance continues to benefit from higher prices of phosphates and derivatives with sales up 81% to 68.7 billion dirhams by July, the foreign exchange office said. Morocco, which has the world’s largest phosphates reserves, has positioned itself as a major fertilizer producer expanding its market share in the wake of the export restrictions […]