First Independent Mena Newspaper
The Tunisian Foreign Investment Promotion Agency, FIPA-Tunisia, said foreign direct investments in the North African country during the first three months of this year, have dropped by 24 per cent compared with last year first quarter (Q1). The institution, in its Q1 2020 report, said Tunisia attracted $162 million (MD461.7 million). Energy, industry and agriculture […]
The French Development Agency (AFD) has lent lately Morocco €100 million to enhance the performance of local councils, boost local socioeconomic development and improve community public service. The agency’s funding comes after the World Bank financial contribution of €272 million provided last year to strengthen the capacities of Morocco’s municipalities, an objective that is part […]
The Al Mada Foundation announced Monday in a statement that it will offer 1 million FFP2 masks to healthcare workers who are on the front line in the fight against Covid-19. Actuallty, the FFP2 mask is recommended for hospital use as it ensures the protection of nursing staff who are in direct contact with […]
The French carmaker PSA will restart gradually its Kenitra factory in Morocco on May 6 within the frame of the decision of the Peugeot-Citroen group to start this week reopening its plants closed since mid-March due to coronavirus lockdown. PSA said it has reinforced health and safety measures at production sites, such as checking the […]
The Algerian economic model, which is depending heavily on oil & gas revenues, is seemingly crumbling. The new financial realities have shown that its former decade’s high spending is no longer possible with the rapidly depleting state coffers and widening deficit. Hit hard by a sharp drop in oil prices on the international and the […]
The US government announced Friday that it has provided $5.7 million in aid to Morocco to help in the fight against the COVID-19 pandemic. This aid includes $4 million from the Economic Support Fund (ESF) to support the socio-economic recovery among marginalized and vulnerable populations in urban and rural areas through a cash transfer program, […]
Norway and the Netherlands have contributed $2.5 million in a fish farming project launched Thursday in Morocco. The project is meant to promote aquaculture industry, techniques and skills in Morocco. It is supported by the UN Food & Agriculture Organization (FAO), Moroccan fisheries Department and the National Aquaculture Development Agency. The project, which is in […]
The Moroccan parliament has adopted a decree allowing the government to resort to unlimited foreign borrowing in order to ensure enough international reserves to fuel the economy. Morocco’s trade balance has been chronically suffering from a trade deficit that has deepened in the first quarter this year due to falling exports as a consequence of […]
The Algerian Finance Minister debunked the government over the country’s finance following the crash of global oil, noting that the situation is dire and that it is pointless to lie. Abderrahmane Raouya, during an improvised press conference in capital Algiers Wednesday, confirmed that the state finances have drastically dwindled, TSA reports. The North African country […]
The World Bank will grant Tunisia $35 million destined to support the health ministry in its fight against the novel covid-19 and finance the purchase of medical equipment. The Washington-based institution in a statement said $20 million of the aid package is earmarked to bolster the capacity of the health system and support the North […]