First Independent Mena Newspaper
Morocco and the World Bank have signed a $500 million financing agreement, representing the first tranche of a loan destined to strengthen human capital for a resilient Morocco. The financing aims to improve protection against health risks, loss of human capital as well as to improve climate risk management and resilience to catastrophic events. The […]
Hundreds of million of people all across Africa are facing the greatest cost of living crisis in a generation due to rising food and energy prices amid rapid inflation and increasing debt, leaving the most vulnerable consumers in a dire situation, the UN trade and development body, UNCTAD, has warned. „The ripple effects of the […]
Morocco’s aerospace industry is expected to exceed 2019 levels as new big players invest in the country, the latest of which is Collins aerospace which signed a deal with Morocco’s industry ministry to build an ecosystem benefiting from an already existing platform The exports of the aerospace sector up to May this year hit 877 […]
The Moroccan government announced a $28.3 million plan to mitigate the impact of the recent wildfires on agricultural activity and forests and on livelihoods. Pursuant to the instructions of the King, the Head of Government, Aziz Akhannouch chaired, on Friday in Rabat, the signing ceremony of a framework agreement for the implementation of a series […]
The next step in the expansion of Morocco’s automotive sector is the setting up of an electric vehicle battery plant to build on existing raw material and meet a rising demand in the domestic and international market, industry minister Ryad Mezzour said. The ministry is negotiating with several manufacturers the setting up of such a […]
The World Bank has released $100 million for the World Food Program to tackle “deep food insecurity” for 2 million people in Sudan. The Washington-based institution in a statement said the funds will help provide an “emergency safety net” amid worsening hunger in the northeast African nation “caused by a poor harvest and rising international […]
As it moves forward with plans to add to its 22 African routes, experts wonder if Emirates could be the airline that connects Africa with the world, pushing Turkish Airlines and other major players to the sidelines. Africa is desperately looking for flights today, even though most African countries launched national airlines after independence to […]
The employers’ unions of Morocco and Mozambique have agreed to set up a joint business council to foster trade exchanges and economic cooperation between the two African countries. The agreement was inked Thursday in Marrakesh by Chakib Alj, President of the General Confederation of Moroccan Enterprises (CGEM), and Agostinho Zacarias Vuma, Chairman of the Confederation […]
The net flow of Foreign Direct Investments (FDI) recorded a 43.6% increase to more than 19.4 billion dirhams at the end of December 2021 compared to a year earlier, the Office des Changes (exchange office) said in its annual report on the balance of payments and the international investment position of Morocco for the year […]
The U.S. Trade and Development Agency announced this Thursday it will fund a feasibility study to transform the power distribution infrastructure in Marrakech into a smart grid. The announcement was made on the sidelines of the 2022 U.S.-Africa Business Summit taking place in Marrakesh. The study will be carried out by Washington-based Africa Climate Solutions […]