First Independent Mena Newspaper
Libya’s Chamber of commerce aligned with the UN-backed Government of National Accord, GNA, will hold early November in the Moroccan capital Rabat Libya’s first investment forum, destined to attract investors to the crisis-laden oil-rich African country. The event, the first ever by the GNA, will take place November 11-12, Moroccan media , Le360.ma, reports. Mohamed […]
Morocco has received in 2019 loans from the African Development Bank (AfDB) worth 3 billion dollars funding 35 projects, bringing total loans by the African development finance institution to 10 billion dollars since the 1970s. AfDB’s funding makes Morocco on top of the list of beneficiaries of loans which covered areas such as energy, transport, […]
The European Bank for Reconstruction and Development (EBRD) is working on strengthening the small-business support for the fishing industry in Agadir region, famous for its fishing sector. With nearly 2.7 million people and its contribution of 7.7 pc to the country’s GDP, the region is of great strategic importance to Morocco. It is part of […]
The collapse of British airline Thomas Cook will cost Moroccan hotels over $20 million (200 million dirhams) in due payments, said Morocco’s tourism operators. The local media is also speaking of a loss of 100,000 annually. Last year Thomas Cook carried 102,000 tourists mainly from Britain to the cities of Agadir and Marrakech. The tourism […]
The UNICEF and the Islamic Development Bank (IsDB) Thursday launched an innovative fund that will open new opportunities for Muslim philanthropy to reach the millions of children currently in need of humanitarian support and help achieve the Sustainable Development Goals (SDGs), the UNICEF announced. The Global Muslim Philanthropy Fund for Children (GMPFC) is the first […]
SEGULA Technologies, the global engineering group, is increasing its operations in Morocco by opening a center of excellence, at the forefront of technology, in Agadir mainly devoted to automotive engineering. The aim of this new center is to respond to the growing needs of the local automotive market and also to offer a nearshore platform […]
Morocco, a staunch advocate of Africa’s socio-economic development, has called, Wednesday in New York, for the setting up of a fund to support the implementation of sustainable development goals (SDGs) in the continent. The call was launched by Head of the Moroccan government, Saâd Dine El Otmani, at the high-level political forum on sustainable […]
Morocco’s central bank has called for more vigilance concerning public debt to spare future generations the pain of structural reforms. The statement was made by central bank governor Abdellatif Jouahri following a board meeting that kept the key interest rate unchanged at 2.25%. He said the current rate remains appropriate and dismissed calls for a […]
The African Development Bank (AfDB) has announced a contribution of $267 million to finance the implementation of the Priority Investment Program (PIP) of the G5 Sahel. The Priority Investment Program is a 14.8-billion-dollar program addressing development needs in governance, security, economic resilience, and infrastructure in the Sahel region. The program aims to improve the living […]
Travel and tourism remained one of the key growth drivers of Africa’s economy, contributing 8.5% of the GDP in 2018, equivalent to $194.2 billion. According to the 2019 Jumia Hospitality Report Africa, this growth record placed the continent as the second-fastest growing tourism region in the world, with a growth rate of 5.6% after Asia […]