First Independent Mena Newspaper
The African Agricultural Transformation Initiative (AATI), Endowed with a budget of $19.6 million until 2025, has been launched to improve sustainable development in Africa by bridging the gap between the formulation of strategic agricultural initiatives and their successful implementation at local level, the UN International Fund for Agricultural Development (IFAD) said in a press release. […]
China has announced plans to waive 23 interest-free loans to 17 African countries that were due in 2021 amid a growing rivalry with the West and accusations that it is creating “debt traps” on the continent. The relief was announced on 18 August in an address to Chinese and African diplomats at a follow-up meeting […]
The Jeddah port has contributed to enhancing commercial ties with Morocco and supporting Saudi exports through six new maritime lines and basic services that played a key role in increasing trade exchanges volume by 117 pc, reported Saudi news agency. This major stride, achieved thanks to the deal sealed by the Federation of Saudi Chambers […]
Morocco has bolstered its standing as a strategic business hub offering propitious conditions for industrial firms seeking to stabilize their supply chain after the recent upheavals induced by the Covid-19 pandemic and the war in Ukraine, wrote the Maritime Executive, an outlet specializing in global trade and logistics. “Morocco’s privileged location in the north of […]
Morocco, like most energy importing countries, is facing the fallout of an imported inflation that sent up the prices of basic commodities in the international market. In July, prices rose to 7.7% year on year, according to the national statistics agency. The increase has been felt mostly in food prices and transport cost which rose […]
The Saudi Central Bank (SAMA) Tuesday issued operation permits to “Lean Technologies” and “Mod5r”, two companies which will provide Open Banking Solutions. The permits are in line with the Council of Ministers’ decision in the second quarter of 2022, which provides for the adoption of the Fintech Strategy containing the supreme directive order for the […]
French giant Total Energies has ditched a petrochemical project in Arzew in Oran in Western Algeria, a withdrawal that analysts blamed on Algeria’s bureaucracy. The news was relayed by Africa Intelligence news outlet on the eve of a visit by French President Emmanuel Macron to the country. The French firm has sealed a deal wih […]
After the last decades of civil war, an oil boom, corruption scandals, the state of Angola’s economy will be one of the biggest and most decisive issues when the country’s citizens go to the polls on Wednesday (24 August). Millions of Angolan youths are voting for the first time in the country’s 5th election since […]
The Japanese ambassador to Tunisia Monday announced the launch of a committee tasked to boost investments and assist Japanese investors in overcoming challenges, mainly administrative red tape. Shinsuke Shimizu made the announcement during a press conference at the chamber of commerce of the North African country, in the build up to the 8th Tokyo International […]
The International Monetary Fund (IMF) is calling on Egypt to cancel all low-interest lending initiatives including loans for small- and medium-sized enterprises (SMEs) and businesses operating in the tourism and mortgage sectors, three government sources who asked not be named told Al-Sharq business. The Washington-based institution told the central bank to cancel all low-interest initiatives, […]