First Independent Mena Newspaper
Morocco’s farm exports rose 8% in 2019-2020 season to 40 billion dirhams ($4 bln) despite a difficult context marked by a severe drought in some key exporting regions and the surge of the COVID-19 outbreak and its disruption of global supply chains, the agriculture ministry said. This performance shows the resilience and competitiveness of Morocco’s […]
hMoroccan airline RAM said it will launch four new routes linking Marrakech to European cities in a bid to help the company and the city recover from the coronavirus impact. RAM chief Abdelhamid Addou said the decision was taken following a meeting with tourism minister Nadia Fettah Alaoui and head of the national tourism promotion […]
Libyan warlord Khalifa Haftar on Friday announced lifting the blockade on oil production and its export. Hours after the Libyan National Oil Corporation (NOC), in a statement, objected to “the politicization of the oil sector and its use as a bargaining chip for political gains,” Haftar announced in a televised speech the lifting of […]
The European Investment Bank offered a €200 million loan to Morocco’s Credit Agricole to support funding for agricultural f projects. The loan aims to promote bio-agriculture and support the agriculture ministry’s “Green Generation 2020,” the two banks said in a statement. The new financing will benefit agriculture supply chains including production, storage, logistics, packaging, transformation […]
It is hard to exactly calculate the impact of corruption on the Moroccan economy which Finance Minister Mohamed Benchaaboun said it rips the country of 2 to 7% of GDP annually. Briefing MPs on a law on the national body for integrity and the fight against corruption, the Minister said that a law will be […]
At a time when Morocco continues to rely on its health system to cope with the coronavirus pandemic, two OECD tax experts have proposed tax reforms to ensure sustainable financing for the health sector. In countries around the world grappling with the current health and economic crisis, the urgency to mobilize domestic resources has […]
Algeria has asked the EU to put on hold a free trade agreement that was due to be signed this year as it drags its feet on customs reforms, an EU official said. Under the Association Agreement between the two countries, Algeria should have entered into an FTA with the EU in 2017 but has […]
Algeria’s energy giant Sonatrach has suffered a new setback after Turkey rebuffed two shiploads of liquefied natural gas (LNA) worth around $100 million after the discovery of oil in the load, Algerie Part Plus reports. Sonatrach, after it lost its biggest customers, namely the Spanish electricity companies, and Electricité du Liban that accused it of […]
Moroccan tourism operators have received a boon after Moroccan authorities gave access to foreigners upon hotel reservation or invitation from a Moroccan enterprise. Foreign visitors should, however, have been tested negative for the coronavirus, which has caused a crisis in Morocco’s vital tourism sector. Morocco has allowed special flights for its nationals and foreign legal […]
Moroccan artisans to benefit from Jumia’s wide distribution network, logistics, electronic payment system and services to boost their sales