First Independent Mena Newspaper
The Malian Mines Ministry announced on Wednesday a new mining code, under which mining companies operating in the west African nation will no longer be exempt from VAT during production and will have a shorter period of protection from fiscal changes. The government said the new code seeks to redress the “shortcomings” of a […]
King Mohammed VI drew up on Tuesday the broad lines of Morocco’s new development model, which will be the driving force of inclusive growth, social equity and sustainable development. In his speech to the Nation marking the 66th anniversary of the Revolution of the King and the People, the Monarch shed more light on […]
Egypt plans to invest about $663 million in new industrial projects, Mohamed Maait, Minister of Finance said. The new investment will go to building new industrial complexes across the country to boost exports of Egypt-made products. According to the minister, more than $300 million will be spent on the construction of 13 new […]
King Mohammed VI has pointed out Tuesday that advanced regionalization and administrative devolution would give a new momentum to local productive investment projects, deploring the fact that despite the efforts made and the legislation adopted, many matters are still being dealt with in Rabat, at central government level. Because of the slow pace in […]
The 39th SADC Ordinary Summit of Heads of State and Government concluded last weekend in Dar es Salaam, Tanzania, by a key language announcement and a commitment to the industrialization of the region. At the summit, member states endorsed Kiswahili as the fourth official language within the SADC community. Regarding industrialization of the […]
Japanese electrical and industrial automation company Yokogawa opened its African subsidiary in Casablanca in a bid to expand in Morocco and the continent. In Morocco, the company targets industrial clients in the fields of energy and chemical, pharmaceutical, agri-food industries as well as waste and sewage water treatment. The group generates a turnover […]
The US “Prosper Africa” program, designed by the Trump Administration, to replace the African Growth and Opportunity Act (AGOA), would be operational by 2025. Prosper Africa aligns with the Trump administration’s Africa strategy, introduced by National Security Adviser John Bolton last December. It aims to promote prosperity, security, and stability in US-Africa relations, and […]
With the effective establishment of the African Continental Free Trade Area (AfCFTA), trade between Morocco and Africa, which currently account for 5.4% of commercial transactions, could triple in the long term, according to the Moroccan Center of Conjuncture (CMC). The launch of the AfCFTA after long negotiations reflects the desire to foster the continent’s economic […]
More than 5.4 million tourists visited Morocco in the first semester of 2019, a 6.6 pc increase compared to the same period last year, according to data released by the Tourism Observatory. The Italians top the list of inbound foreign tourists, representing 12 pc of the overall travelers who visited the North African country during […]
Several Moroccan senior officials will shortly be held to account in cases related to the squandering of public funds. These include former government officials, senior executives of public institutions, payment authorization officers, presidents of elected institutions, entrepreneurs and directors of consulting firms, reports Assabah daily in its weekend edition of August 10-11. The daily, quoting […]