First Independent Mena Newspaper
Morocco and Germany inked on Tuesday a new cooperation program worth 5.6 million Euros destined to enhance the Kingdom’s water resilience in rural areas. The four-year program will support the actions of hydraulic agencies of Tensift, Sebou, and Ziz-Guir-Rhéris. It seeks to improve the living conditions of rural populations and improve their resilience to climate […]
US automotive company Adient is set to establish a new production unit for fairings in the industrial zone of Kenitra, western Morocco. The project related agreement was initialed Monday by Moroccan Minister of Industry and Trade, Moulay Hafid Elalamy, and the company’s Executive Vice President EMEA, Michel Berthelin. The project, requiring a budget of […]
Sudan’s Prime Minister Abdalla Hamdok Monday condemned the investments in the private sector by the army top brass and said that the companies they own should be turned public. “All the world’s armies are involved in investments … in military manufacturing,” he said. “But for the military to invest in the productive sector, and to […]
Morocco’s Bank of Africa, formerly known as BMCE Bank, signed a deal with Export-Import Bank of India (EXIM Bank) to back investments in both ways. The MoU was signed during a Webinar by representatives of the two banks who highlighted investment opportunities in innovative sectors. Speaking at the video conference, Morocco’s ambassador to India Mohamed […]
The Economic Community of West African States (ECOWAS) has endorsed the Moroccan-Nigerian off-shore on-shore gas pipeline that will benefit 13 African countries instead of the Algerian ink on paper proposal of a tans-Saharan pipeline. A meeting was held in Burkina Faso on December 9-10 in the capital Ouagadougou by the ECOWAS’ energy ministers in a […]
The historical decision by the Trump Administration to recognize Morocco’s sovereignty over the Sahara and Washington’s plans to open a diplomatic mission for economic affairs in the city of Dakhla will turn the territory into a magnet for US investors, some analysts argue. Morocco clinched a major victory Thursday after US President Donald Trump andicated […]
The European Union will provide Tunisia with more than €180 million to support small farmers and fishermen in the North African country, Webdo Tunis reports. Jean-Pierre Sacaze, head of the social inclusion and sustainable development department within the EU mission in the country, made the announcement. The support made of donation and credit will go […]
As the world is racing to stem the spread of the deadly pandemic with vaccination campaigns, the kingdom of Morocco appears to have taken the lead on the African continent with several deals to secure the most effective vaccines and with an early vaccination plan, French media Le Point notes. Indeed, the North African country […]
Cryptocurrency firm Soluna said it maintains its plans for a 900 MW wind farm in Dakhla and has made progress towards developing the site. Speaking to the media Wednesday, Soluna CEO John Belizaire said that the progress is being made and authorizations of Moroccan authorities including the regional investment council, energy ministry and industry ministry […]
Morocco has successfully sold an international bond worth 3 billion dollars composed of three parts, the finance ministry said. The bond is divided into securities of 7 years, 12 and 30 years each worth 750 million dollars, 1 billion dollars and 1.25 billion dollars, the ministry said. The deal is the higher amount raised by […]