First Independent Mena Newspaper
Nigeria, which has partnered with a foreign fintech company, will be a pioneer in Africa, as will its West African neighbor, Ghana, which has been testing its e-Cedi as a new medium of exchange since September. Central banks around the world are exploring ways to create digital versions of their currencies in response to the […]
A “Pact for the modernization of trade and investment between the European Union and the Kingdom of Morocco” has been adopted Tuesday by Business Europe, the Moroccan Employers’ Association (CGEM) and EuroCham Morocco. The document calls for a long-overdue modernization of the framework for EU-Morocco trade and investment relations, capable of unlocking the untapped economic […]
Morocco’s OCP Group and the Ethiopian government have signed an agreement to develop a fertilizer plant in gas-rich Dire Dawa in northern Ethiopia, for a total investment of up to $3.7 billion dollars, as announced by the Ethiopian Ministry of Finance. A visiting Ethiopian delegation led by the country’s Minister of Finance, Ato Ahmed Shide, […]
Acquiring advanced combat drones has featured as a main component of Morocco’s army modernization efforts with the receipt of 12 Turkish Bayraktar drones and news of an upcoming launch of the manufacturing of Israeli Kamikaze drones in the North African Kingdom. The first batch from Turkey, which is part of an order of 13 Bayraktar […]
A large delegation of Polish businessmen was on a visit to Morocco this week during which it made a trip to Laayoune to explore investment opportunities in the Moroccan southern provinces. At a meeting later in Rabat with the Foreign Minister, head of the Polish economic mission, Robert Jędrzejczyk, said the potential of the southern […]
U.S. Secretary of State Antony Blinken hailed Friday “the deepening of diplomatic relations” between Morocco, Bahrain, the United Arab Emirates, and Israel a year after the signing of the Abraham Accords with “benefits that continue to grow”. “Today, one year after the signing of the Abraham Accords, their benefits continue to grow. We are witnessing […]
Exports of Morocco’s watermelons to the EU exceeded that of Spain for the first time in the first half of 2021 as the Kingdom’s pursues an agricultural development strategy to bolster overseas sales. Morocco exported 203 million kilos of watermelons to different EU countries compared with 196 million kilos the same period last year, EU […]
One of the world’s leading liner shipping companies, Hapag-Lloyd, opened its own offices in Morocco on Thursday, September 16 as part of its development strategy in the refrigerated container transport sector. The international container transportation company announced the opening of more offices in Morocco to keep up with a growing demand as the North […]
The historic Abraham Accords show that “peace is possible”, said on Wednesday, US State Department Spokesman Ned Price. Israel, the UAE, and Bahrain signed the Abraham Accords at the White House in September of last year. The following month, Israel and Sudan normalized their relations. Morocco subsequently signed the US-brokered accords in a tripartite Israel-Morocco-US […]
The Abu Dhabi Fund for Development, ADFD, is set to finance the upgrading of a fishing port in Mauritania to boost the local industry. The ADFD’s funding, $7.9 million, will be used to renovate the Tanit Fishing Port including the building of an ice factory, the Gulf country’s state-run news agency WAM reported. The project, […]