First Independent Mena Newspaper
The prospects and huge business opportunities offered by the blue economy in Africa were at the center of the first international seafarers forum held Feb.23-24 in the Southern Moroccan city of Dakhla with the participation professional mariners from 27 African and European countries. During the event, maritime experts, seamen and representatives of civil society stressed […]
Abu Dhabi-based urban developer IMKAN has unveiled a luxury complex in Rabat: Le Carousel. This project, IMKAN’s largest in Africa is a mixed-use complex located on the Rabat Corniche and will be completed in about 5 years. Just about 15 minutes from downtown and the motorway, this project covers about 10.5 hectares of which 50% […]
Morocco issued on Thursday an international bond worth 1 billion Euros, the finance ministry said, noting the success of the sovereign notes sales as demand hit €5.3 billion. The bond has a maturity of 12 years and an interest rate of 1.5% as Morocco tapped the international market at a very propitious time benefiting for […]
Morocco’s phosphates and fertilizers company OCP was awarded for the second year in a row the International Fertilizer Association’s 2019 Industry Stewardship Gold Medal in recognition for the Group’s commitment to safety and sustainable development. “The OCP Group has implemented substantial efforts and resources to respect the best safety standards, based on anticipation, risk prevention […]
Morocco is filling the gap in terms of offensive air capabilities with the acquisition of 36 mighty Apache helicopters and related equipment for a total cost of 4.25 billion dollars. Previously announced by the US Defense Security Cooperation Agency (DSCA) on 20 November, the deal was green lighted by the US Department of state describing […]
The French automotive company “Sealynx automotive Morocco”, a subsidiary of Sealynx International (GMD group), inaugurated, Wednesday in Tangier, a new production unit specialized in the manufacturing of automotive gaskets. The plant that required a total investment of nearly MAD 240 million aims to meet the growing demand of locally established car manufacturers, including Renault and […]
Japan’s industrial giant Sumitomo Group will launch next year in Tunisia a plant where it will produce cable harnesses for automobile companies in Europe. The plant to be located in Monastir industrial park (NEOPARK), will be erected by Sumitomo Electric Wiring Systems Europe (SEWS-E), the Japanese group’s European subsidiary. The future plant will require investment […]
Morocco’s African policy, spearheaded by King Mohammed VI, is based on solidarity public-private partnerships, said on Tuesday Moroccan Foreign Minister Nasser Bourita in Berlin at the 3rd meeting of the G20 Compact with Africa (CwA) Summit, an initiative launched under the German G20 presidency. Morocco is the second largest African investor in the continent, said […]
The European Union is providing €10.3 million support package to the UNHCR’s Emergency Transit Mechanism (ETM) in Rwanda, which provides a life-saving avenue out of Libya for people in need of international protection, with a view to their further resettlement. The announcement was made by Commissioner for International Cooperation and Development Neven Mimica during a […]
Air Senegal, the state-owned flagship carrier of Senegal, has signed a memorandum of understanding (MoU) for eight Airbus A220 aircraft at the Dubai Airshow on Tuesday, the airline said in a statement. According to Chief Executive Officer Ibrahima Kane, the planes would allow the airline to fly routes to Europe and West Africa when deliveries […]