First Independent Mena Newspaper
US carrier, American Airlines, will launch its first US-Africa route with Casablanca as its first entry point on the African continent. The first flight is scheduled for June 4, 2020. The airline in a statement said it will operate three weekly flights from its Philadelphia hub to Mohammed V Casablanca international airport. Though operations […]
Talks between African and US officials to review the African Growth and Opportunity Act (AGOA) free-trade deal ended Thursday in Côte d’Ivoire with no major deal. The African Growth and Opportunity Act, which in 2015 was extended to 2025, provides tariff-free access on 6,500 products from 39 countries, ranging from oil and agricultural goods […]
Forty-one investment projects have been approved during 1st semester of 2019 by the Regional Investment Centre of Laayoune-Sakia El Hamra, Southern Morocco. These projects, valued at over $579 Million, are dedicated to trade (17), construction & public works (12), tourism (5), industry (4), services (2) and energy & mining (1). Three of these […]
The World Bank has stressed the need to support Moroccan companies to enable them better penetrate markets, develop and export their goods, services and products. In an analysis on the situation of the private sector in the North African Kingdom, the WB experts say favorable business environment requires the setting up of conditions conducive to […]
The Egyptian government has assigned a Bombardier-led consortium to build its monorail system in a contract valued at $4.5b. Bombardier and its partners, Orascom Construction and Arab Contractors, will build and maintain the system aiming to decongest the Egyptian capital and ease commute for its 20 million inhabitants. The system will be made of two […]
Agentis, a Moroccan company with proven expertise in the field of health infrastructure and Medical equipment manufacturing, Saturday launched the construction works of a hospital in Adzopé, 100 kilometers north of Abidjan. The construction of this new facility worth $50 million is part of the implementation of a Memorandum of Understanding between Côte d’Ivoire and […]
Morocco is among Africa’s best performing countries in industry, scientific research and infrastructure, said Head of the government Saad Eddine EL Othmani. Morocco comes on top of African rankings for best highways and motorways as well as best rail network and largest ports, said El Othmani. “This is the result of well-thought strategies,” he said, […]
King Mohammed VI delivered a speech on the occasion of the twentieth anniversary of the Throne day stressing on the need for adding impetus to the already launched reforms, injecting new blood in the government and improving the country’s attractiveness to foreign investments. “Our main ambition is for Morocco to join the ranks of developed […]
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 […]