First Independent Mena Newspaper
Morocco’s phosphates and fertilizers producer OCP is addressing the shortage in fertilizer on the African continent by offering 180,000 tons of customized fertilizers in donations and 370,000 tons at a reduced price to help many African countries secure their soil nutrients needs amid a surge of prices in the international demand. The fertilizers market has […]
Hundreds of African and American businessmen are discussing in Marrakesh partnership projects in various sectors including agribusiness, finance, energy, fertilizers, health, mining infrastructure, ICT, security and creative industries. A large American delegation, led by Alice Albright, CEO of the Millennium Challenge Corporation (MCC), is taking part in the 2022 U.S.-Africa Business Summit, held in Morocco’s […]
U.S. Vice President Kamala Harris has thanked King Mohammed VI and the Corporate Council on Africa (CCA) for hosting the U.S.-Africa Business Summit which opened on 19 July in Marrakech. Addressing, remotely, participants in the summit from Washington D.C., the American Vice-President said: “I would like to thank the Corporate Council on Africa, His Majesty […]
The African Development Bank Board of Directors approved a loan of USD 271 million to finance Egypt’s Food Security and Economic Resilience Support Program to support efforts to mitigate the impact of the global shocks on the domestic economy from the Russia-Ukraine conflict and to preserve resilience, Abidjan-based bank said in a statement. The program […]
Morocco and Israel are fostering their relations on all fronts including in the defense industry as Israel’s top general and Moroccan minister in charge of defense discuss means to develop cooperation to cover military manufacturing. Following talks with Israel’s army chief Aviv Kohavi in Rabat Tuesday, Minister in charge of defense, Loudiyi reiterated Morocco’s determination […]
The World Bank, through its Multilateral Investment Guarantee Agency (MIGA), has just announced a €570 million disbursement guarantee for the construction of a new university campus for the Mohammed VI Polytechnic University (UM6P) near Rabat. These funds are made up of loans whose guarantee lasts up to 10 years and which are allocated to the […]
President of the African Development Bank (AfDB) and Chairman of the Africa50 Board of Directors, Akinwumi Adesina, hailed on Tuesday in Marrakech the coherence of Morocco’s development plan and the resilience of its economy, which has demonstrated its ability to successfully emerge from the Covid-19 crisis. “I salute the Moroccan authorities for the coherence of […]
Morocco reiterated its call for the setting up of a new African investment model that leverages capital from private and institutional investors to make up for a drop in public investments on the back of the successive crises. Speaking at an event by Africa50, an infrastructure investment platform operating under the umbrella of the African […]
The European Bank for Reconstruction and Development (EBRD) co-finances the repowering of the Koudia Al Baida wind farm in the north of Morocco. The EBRD is providing a senior loan of up to €44 million to the Koudia Al Baida Energy Company S.A., owned by the Moroccan Agency for Sustainable Energy (MASEN) and EDF Renewables. […]
U.S. Collins Aerospace firm, a subsidiary of Raytheon Technologies Corp., will enhance its presence in Morocco by setting up a regional supply platform in the North African Kingdom wherein the aeronautic industry is thriving. The announcement was made Monday at the Farnborough International Airshow 2022, one of the world’s biggest aerospace events, taking place on […]