First Independent Mena Newspaper
The US State Department has approved the sale of four AT-6C light fighter jets and supporting equipment to Tunisia for total cost of $325.8 million. The US Defense Security Cooperation Agency said the aircraft “will improve Tunisia’s ability to meet current and future threats by increasing their capability and capacity to counter terrorism and other […]
The Spanish-occupied Ceuta in northern Morocco is facing an acute economic crisis after Morocco put an end to all forms of “subsistence smuggling” on the borders. Head of Ceuta government from the far-right Vox party, Juan Vivas, expressed concern that the Moroccan measures would asphyxiate the economy of the occupied enclave, which relied on […]
The International Monetary Fund (IMF) says it has secured more than $330m in debt relief for Somalia. The African nation has about $5 billion in external debt, accounting for about 100% of its GDP, which the Fund has declared to be unsustainable. The $330m brings the country a crucial step closer to receiving forgiveness for […]
More than 1,410 small Moroccan farmers, including 489 women, from all regions of the Kingdom, are exhibiting their livestock, produce, and products at the Paris International Agricultural Show 2020 currently held at the French capital. Moroccan argan oil & products, olive oil, saffron, dates, aromatic & medicinal plants, spices, henna…are attracting huge crowds of visitors […]
Germany’s Development Bank, KfW, has lent Tunisia €27.5 million earmarked for the modernization of the Medjerda canal project at northeastern Cap Bon. The loan will be used to modernize all infrastructures and equipment of the canal to meet the increasing demand in potable and irrigation water. The canal provides the cities of Tunis, Cap Bon, […]
The city of Dakhla, the pearl of Southern Morocco, will have its own leisure port to enhance its attractiveness for tourists and investors and foster its connections with the Canary Islands. Morocco’s ports authority (ANP) has invited consultancy firms to submit feasibility study bids for building such a port to offer diverse range of leisure […]
The European Bank for Reconstruction and Development (EBRD) supports Morocco’s automotive industry with a €15 million loan to Varroc Lighting Systems Morocco, the Moroccan subsidiary of the Indian motor industry’s lighting systems giant, Varroc Engineering Pvt Ltd. The EBRD’s financing will allow Varroc Engineering to supply the Tangier Renault factory and the Peugeot PSA plant […]
The African Development Bank (AfDB) has granted Morocco a $204 million loan, destined to finance the Social Protection Improvement Support Program (PAAPS). The loan, extended over 4 years, will back an integrated support program for the improvement of social protection in Morocco, the aim being to achieve 80 per cent social security coverage in […]
Morocco has implemented reforms to achieve inclusive growth, improve governance and fight corruption and is “leading the way in the region and in the continent,” said IMF managing director Kristalina Georgieva. Morocco thanks to its role and investments in Africa is well-placed to be the venue for the annual meetings of the IMF and WB […]
Anderson Global has strengthened its presence in North Africa under collaboration Agreement with Morocco-based advisory firm M.A. Global Consulting (MAGC), announced the American tax firm in a press release. After continuing expansion throughout Southern, Eastern and Western Africa, Andersen Global strengthens its presence in North Africa via a collaboration agreement with M.A. Global Consulting, the […]