First Independent Mena Newspaper
Airbus announced Monday it has finalized the acquisition of several manufacturing sites from its American supplier Spirit AeroSystems, including the company’s Casablanca facility. The finalization marks a significant expansion of the European plane maker’s control over its commercial aircraft production chain. The transaction brings more than 4,000 employees under Airbus’ wing, according to Florent Massou, […]
Morocco’s external debt eased slightly in 2024 to $67.99 billion, down from a peak of $69.63 billion in 2023, according to the World Bank, which notes the debt was sustainable. In its International Debt Report 2025, the World Bank notes that the decline marks the end of a three-year upward trend and reflects the kingdom’s […]
Morocco’s parliament validated the 2026 Finance Bill on Friday, December 5, just 47 days after government submission on October 20. The Chamber of Representatives approved the legislation in second reading following Thursday’s green light from the Chamber of Advisors, completing an expedited budget marathon. The rapid adoption enables the current governing majority to implement major […]
Moroccan OCP Group and UN Industrial Development Organization (UNIDO) have joined forces to advance agricultural transformation, low-carbon industrial development, digital innovation and skills development across Africa and globally. The two partners have signed a 5-year renewable agreement to establish strategic cooperation in plant nutrition and inclusive and sustainable industrial development. They pledged to strengthen integrated […]
Morocco’s industrial and construction sectors displayed overall recovery during the third quarter of 2025 despite marked disparities across branches, with generally favorable prospects for the fourth quarter, according to the High Commission for Planning’s latest economic outlook. Manufacturing production advanced during the third quarter, driven by chemical industry, food industry, and non-metallic mineral products manufacturing. […]
The African Development Bank Group board of directors approved Wednesday a 450 million euro non-sovereign partial credit guarantee benefiting the Phosphates Office Group. This financing instrument, deployed in Morocco for the first time, aims to enable OCP Group to mobilize loans up to 530 million euros from international financial institutions aligned with its green financing […]
The African Development Bank Group board of directors approved Wednesday a 450 million euro non-sovereign partial credit guarantee benefiting the Phosphates Office Group. This financing instrument, deployed in Morocco for the first time, aims to enable OCP Group to mobilize loans up to 530 million euros from international financial institutions aligned with its green financing […]
Africa needs developing industrial processing capacity to tap into its strategic mineral reserves, the African Development Bank (AfDB) said. In a detailed report dubbed, A Dozen Critical Minerals for Africa’s Inclusive Growth and Development, the development bank revealed stark imbalances. Despite 29% of global bauxite reserves, 64% of manganese, and 70% of cobalt production, Africa […]
“Marsa Maroc group” is the 4th largest container port terminal operator in Africa, according to “Global Container Terminal Operators” report 2024 issued by British Drewry maritime research consultancy. The Moroccan group has been recognized among the “Big Four” in Africa for the second consecutive time thanks to its sustained performance amid regional competition, confirming the […]
Morocco received 18 million tourists during the first eleven months of 2025, a historic level that already surpasses the entire 2024 total with over 600,000 additional visitors, according to the Ministry of Tourism. This exceptional performance confirms sector momentum, representing 13.5 percent growth compared to the same period last year. The ministry emphasized that this […]