First Independent Mena Newspaper
The German carmaker BMW announced Tuesday it will from next year stop sourcing cobalt mineral from DR Congo and will shift to Morocco and Australia where working conditions are acceptable and not linked to child labor. The German company is planning to start producing electrical cars next year. BMW and other world carmakers are under […]
Morocco’s BMCE Bank of Africa launched Tuesday in Shanghai, China, its first branch in the world’s second largest economy as it positions itself as the channel between Chinese investors and Africa. Present in China for over two decades as a representation office, MBCE Bank of Africa’s new branch, is located in the financial district of […]
The Tunisian development, finance and international cooperation ministry Tuesday said the North African country has officially become full member of the Asian Infrastructure Investment Bank (AIIB), based in Beijing, China. “The AIIB approved the accession of Tunisia on April 22,” the ministry said in a statement. Tunisia, which made the request to join the financial […]
Tunisian tourism has scored a 17.4 percent in the number of arrivals in the first quarter of the year, while yearly revenues of the sector have jumped by 35.1 percent from last year’s proceedings. The figures were reported by London-based Asharq Al-Awsat daily, which quoted tourism minister Rene Trabelsi. The increase generated $262.6 million in […]
The United Arab Emirates and Saudi Arabia have granted Sudan a $3 billion aid package, of which $500 million will go to the central bank of Sudan. The move is meant to strengthen Sudan’s financial position, ease the pressure on the local currency and increase stability in the exchange rate, Saudi state news agency SPA […]
Morocco is preparing for the launch of a new mining strategy that aims at creating 30,000 additional jobs and raising the exploration budget to 4 billion dirhams as well as revenues by 15 billion dirhams in six years, energy minister Aziz Rebbah said in Marrakech. The minister said that his department will launch soon Morocco’s […]
Ivanka Trump, daughter and senior advisor to her father, US President Donald Trump, Wednesday committed to back with $2 million the fund for women in Côte d’Ivoire’s cocoa industry as she visited a cocoa farm outside the Ivorian capital. Ivanka Trump visited Cayat cooperative based around the towns of Adzopé and Yakassé-Attobrou in the South […]
Delegates of African countries have voted for Morocco to lead the African Regional Forum on Sustainable Development (ARFSD) during the 5th meeting of this regional body convening in Marrakech April 16-18 under the theme: “Empowering people and ensuring inclusiveness and equality”. The North African Kingdom will chair ARFSD for one year and will be responsible […]
Ten years into Morocco’s agricultural development, the results are so far promising with the creation of 250,000 jobs out of the 300,000 target. Agricultural output grew by 60 percent since the launch of the Green Morocco Plan, jumping from 79 billion dirhams in 2008 to 125 billion in 2018. Agricultural exports quadrupled between 2008 and […]
Morocco is taking part in the fifth edition of the International Aerospace Week of Montreal as guest of honor of this world-class event, which opened Tuesday with the participation of all major aerospace industry leaders and manufacturers. Moroccan Minister of Industry, Investment, Trade, and Digital Economy, Moulay Hafid Elalamy is attending this four-day exhibition, an […]