First Independent Mena Newspaper
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 […]
World leader in home appliances, Bosch, signed a memorandum of understanding with Morocco’s industry ministry to create an industrial cluster in Morocco to supply its plants in Europe. The new Bosch suppliers in Morocco will help create 2000 jobs and achieve an export value of 1.6 billion dirhams in 2023, said Morocco’s industry ministry in […]
The International monetary fund said Morocco could post a growth rate of 4.5% in 2024 from 3% in 2018 if it continues on path of reform and inclusive growth. “Morocco’s medium-term prospects remain favorable, with growth expected to reach 4.5 percent by 2024” the IMF said in a report following Article IV consultations. The North […]
Ethiopia will receive $100 million from the UAE Khalifa Fund for Enterprise Development, KFED, to help promote a culture of innovation and finance prominent projects in the African country. The new agreement, which was signed by Hussain Jasim Al Nowais, chairman, KFED and Admasu Nebebe, Ethiopian Minister of Finance, will help enhance innovation and support […]