First Independent Mena Newspaper
The Economic and Monetary Community of Central African Countries raised €3.8 billion at a two-day round table in Paris. The Funds are destined to finance the bloc’s Regional Economic Program meant to boost growth by 2025. The program comprises 84 projects, including 11 presented as priority integrating projects. The total cost of these projects has […]
The Unites States and the European Union have pledged to back Tunisia’s tourism industry severely affected by the covid-19 pandemic with a combined investment valued at more than €100 million. The US support will come from its development agency, USAID, which has pledged to mobilize between $30 million and $50 million for “Visit Tunisia” program […]
Mauritanians welcomed the intervention of Morocco to clear the Guerguarat crossing where the Polisario has prevented the flow of commercial and passenger traffic for more than 20 days. Different Mauritania media outlets described the clearing of the crossing as the end of an economic blockade imposed by the Polisario in total disregard for the interest […]
Part of Morocco’s efforts to upgrade the industrial sector, impacted by the coronavirus pandemic, 17 investment agreements, worth $93.6 million, were signed in Rabat Wednesday. The signing of the agreements relating to several sectors took place under the chairmanship of Minister of Industry and Trade Moulay Hafid Elalamy who described these agreements as an […]
The Moroccan industry is steadily recovering from the repercussions of the coronavirus and the restrictive measures related to it with 93% of jobs lost to the virus now retrieved, industry minister Moulay Hafid El Alamy said. In this respect, 100% of jobs lost in the pharmaceutical industry were restored while the rate is 97% for […]
Moroccan investment fund, Outlierz Ventures, has made eight investments in Africa since its launch in 2017. The operations mainly benefited four dynamic African markets in terms of fundraising, including Kenya, Nigeria, Egypt and Morocco. The company, dedicated to technology, invests between MAD 500,000 and 5 million in companies with high growth potential. It targets […]
The European Investment Bank (EIB) will loan Egypt by year’s end €1.1 billion in form of financing package for the implementation of three transport projects in the Arab country. The package will come in two installments. The first tranche will take place in December and valued at €600 million, the Egyptian cabinet said in a […]
The French Development Agency (AFD) has earmarked €300,000 to fund a pan-African training program for museum and heritage professions in Africa to be spearheaded by Morocco’s National Museum Foundation (FNM). The grant-related agreement was signed Monday in Rabat by French Foreign Minister Jean Yves le Drian, President of the FNM Mehdi Qotbi, and AFD Director […]
Head of Emmerson PLC Graham Clarke, a Morocco focused potash company, said that preparations are on track to launch Africa’s largest potash project in Khemisset (95 km east of Rabat) Potash is a key ingredient in fertilizer production and demand for it is on the surge globally to meet increasing food needs. The London-listed company […]
King Mohammed VI expressed firm commitment to make the Sahara an engine of development at the regional and continental levels through, inter alia, tapping into its maritime potential. In this respect, “Morocco has this year completed the demarcation of its maritime boundaries and incorporated them into its legislation, in keeping with international law,” said the […]