First Independent Mena Newspaper
The Moroccan and Ivorian exporters’ associations, Asmex and Apex-CI, have decided to pool efforts to set up an African external trade association, Aujourd’hui Le Maroc reports. The decision came under a partnership deal signed by the two associations on May 25, marking the African World Day. The future African association will support and provide a […]
The economic monitoring committee, set up since the outbreak of the COVID-19 pandemic in Morocco early March, is making every effort to resume economic activities and put economic recovery on the right track, after more than two months of confinement, which heavily impacted several sectors of the national economy. The committee members discussed at a […]
Morocco ranked 1st in Africa in macroeconomic integration in “Africa Regional Integration Index 2019”, published lately by the UN Economic Commission for Africa (UNECA), the African Development Bank (AfDB) and the African Union Commission. With a score of 0.809, Morocco takes the lead in the continent macroeconomic integration. Mauritius came in the second place followed […]
The International Bank for Reconstruction and Development, IBRD, has lent Tunisia €18.3 million earmarked for the fight against the COVID-19 health crisis. The Tunisian cabinet Friday validated the loan, which was signed on May 11. The North African country needs $157 million in addition to external sources to roll out anti-covid-19 national policy. The IBRD […]
The ventilator developed by Moroccan scientists for critically-ill covid-19 patients is currently undergoing clinical tests to prove its efficiency, safety and performance. Dubbed “iVent, this breathing machine, which has become a hot commodity with the outbreak of coronavirus pandemic, has been made by a team of Moroccan experts from Research Institute for Solar Energy and […]
Algeria has been pushing above its weight announcing ambitions to enter the Sahel market without having prepared the necessary infrastructure and competitiveness. Algeria opened a border crossing with Mauritania in 2018 to enable exports of foodstuff through trucks towards Mauritania’s capital Nouakchott. Most Algerian trucks depart from Tindouf, crossing a distance of nearly 3000 km, […]
Morocco’s spending on subsidies of basic consumer goods dropped to 2.2 billion dirhams by April, from 5 billion dirhams the same period last year. The drop in subsidies bill was mainly ascribed to the 68% decrease in the cost of butane gas as well as sugar prices. Morocco also subsidies flour. Therefore, it is expected […]
Morocco and Ethiopia are looking into ways of speeding up the implementation of the “Coalition for Access to Sustainable Energy”, an initiative launched by the two African countries during the Climate Action summit convened last year in New York. The initiative, which aims to ensure full access to energy for the least developed and other […]
The European Union will extend Morocco €100 million (1.1 billion dirhams) to support the financing of the health sector in the context of the Covid-19 crisis The related agreement was signed Tuesday by Economy & Finance Minister Mohamed Benchaâboun, Minister of Health Khalid Ait Taleb, and ambassador of the EU in Morocco, Claudia Wiedey, The […]
The Arab Monetary Fund has granted Morocco a $127 million loan to provide financial resources to meet the country’s needs amid the global COVID-19 crisis, the Arab financial institution announced this Wednesday in a statement. The loan agreement was signed earlier this month by Morocco’s Economy and Finance Minister Mohamed Benchaaboun and the General manager […]