First Independent Mena Newspaper
EBRD signs a €2 million loan with Advans Tunisie, equivalent to 6.5 million Tunisian dinars. The funds to boost Technical assistance will help strengthen credit and operational risk management. The EBRD is helping to increase the availability of funds for small firms in Tunisia through a local currency loan equivalent to €2 million to Advans […]
China has extended Mauritania a $87 million loan to be used for the construction of a fishing harbor expected to generate 800 permanent jobs and handle around 400,000 tons of merchandise yearly. Minister of Finance and Industry Cheikh El Kebir Moulaye Taher told lawmakers Tuesday that the future port will be located 25 km north […]
Morocco’s gross domestic product is set to grow two-fold to 222 billion dollars in the upcoming 14 years boosted by a growth rate exceeding 4%, the UK’s Center for Economics and Business Research (CEBR) said in a recent study. Over the next five years, the annual rate of GDP growth is set to accelerate […]
The year 2019 has wrapped up with promises of landmark reforms to be carried out in 2020, a year before 2021 elections. In 2019, King Mohammed VI urged the implementation of decentralization, a new development model and an efficient government. It was also a year to celebrate Morocco’s improvement in the doing business index, its […]
Morocco has made of improving its business climate and attracting large scale investments a choice in its economic development policy. 2019 was a year to celebrate outstanding performances by giant manufacturers in their sectors of activity, confirming the attractiveness of Morocco to local and foreign investors. OCP Morocco’s phosphates and fertilizers producer, OCP, will celebrate […]
The vigilance of Laayoune police elements allowed the arrest of an individual with a suitcase full of euro banknotes. This individual, in an irregular situation in Morocco, is allegedly involved in illicit currency transfer. The national of a neighboring African country was arrested in the city of Laâyoune, reported this Thursday local Al Akhbar daily, […]
Morocco’s first sugar refinery Cosumar announced that production in its new refinery in Yanbu, Saudi Arabia, will start in March this year. The refinery in Yanbu is scheduled to start operating in March 2020, Cosumar group CEO Mohamed Fikrat told Reuters. The Yanbu refinery, with a nominal capacity of 850,000 tons of high quality white […]
Nigeria is studying the currency changes ringing through the West African region and will respond in due course, a statement by a media aide to the Minister of Finance, Budget and National Planning said. “Nigeria has received the news of the change of the UEMOA Currency, the CFA (Communaute Financiere d’Afrique) to Eco supposedly as […]
Morocco is on a list of twenty-two of the United States’ allies that will be delivered Raytheon’s Advanced Medium Range Air-to-Air Missile (AMRAAM). The major US defense contractor, Raytheon, said in a Press release that the US Air Force, Navy and 22 foreign allies tapped the company with a $768 million contract for its AMRAAM. […]
Morocco’s navy will be bolstered with the acquisition of two Spanish patrol boats made by Navantia, state-owned shipbuilding company, which offers its services to both military and civil sector. The deal, worth €260 million, was reported by Far-Maroc, a website specializing in Moroccan defense news. “Morocco is in a pressing need of patrol boats of […]