First Independent Mena Newspaper
The President of African Development Bank (AfDB), Akinwumi Adesina, challenged governments in Africa to play a leading role in providing jobs for Africans, saying it was time for African governments to begin to shift from youth empowerment to youth investment. Adesina who was speaking over the weekend at the 5th Tony Elumelu African Entrepreneurship forum […]
Morocco’s gross domestic product per capita more than doubled in the last two decades of the reign of King Mohammed VI who made of fighting poverty a priority. The GDP per capita grew from 1460 dollars twenty years ago to about 3090 dollars currently, according to World Bank figures. Poverty rate dropped to 4% of […]
Morocco enjoys political stability, robust infrastructure, and a strategic location, which have contributed to its emergence as a regional manufacturing and export base for international companies, says the State Department in its 2019 Climate Investment Statements. Morocco is actively encouraging and facilitating foreign investment, particularly in export sectors like manufacturing, through macro-economic policies, trade […]
Morocco’s OCP Group, the world’s first producer and exporter of phosphate in all its forms, continues expanding its African partnership aimed at unlocking Africa’s vast agricultural potential and contributing to the continent’s food security. Its subsidiary OCP Africa has teamed with Ghana’s ministry of food & agriculture (MOFA) to launch Mid-July in Nasia ‘Agribooster […]
The African Development Bank (AfDB) has approved about $300 million to finance trade and economic development in the Common Market for Eastern and Southern Africa (COMESA). The $300 million support facility for the Eastern and Southern African Trade & Development Bank (TDB) was announced on Wednesday. According to AfDB, the COMESA regional trade and project […]
Wirecard, the global innovation leader for digital financial technology, is handling payments for online and travel agency bookings for Royal Air Maroc, Morocco’s national airline, and one of Africa’s leading and fastest growing airlines, Wirecard announced Tuesday in a press release. Royal Air Maroc is set to join the oneworld alliance in mid-2020, and has […]
Morocco has allowed 128 fishing trawlers mostly from Spain to fish in its territorial waters after a landmark fisheries agreement with the EU. The decision was made following the meeting of the first joint commission of the Morocco-EU fisheries agreement, held in Rabat, last week. The meeting defined the technicalities to issue the fishing licenses […]
The Spanish government approved an additional €30 million grant to help Morocco fight illegal immigration, smuggling and human trafficking. The announcement was made by the spokeswoman for the government and acting Spanish Minister of Education, Isabel Celaá, at a press briefing after the Council of Ministers held Friday July 19. The €30 million amount is […]
The United Nations Development Program (UNDP) launched the Regional Stabilization Facility for Lake Chad, an ambitious multi-million dollar fund to scale up the range of stabilization intervention in areas of Lake Chad Basin. The four Lake Chad Basin countries (Cameroun, Chad, Niger, and Nigeria) have warmly welcomed this joint initiative, as part of their own […]
L’Agence Française de Developpement will extend Morocco a loan of €50 million and a subsidy of €1 million to secure access to drinking water in the Northern provinces of the Kingdom. The related agreement was signed Wednesday in Rabat by the French Development Agency (AFD) and the National Office of Electricity and Water (ONEE). The […]