First Independent Mena Newspaper
The US Agency for International Development has announced $500,000 in funding and $100,000 in technical assistance to the Women’s World Banking Asset Management (WAM) blended-finance fund. Joining USAID, the Overseas Private Investment Corporation (OPIC) announced its intent to provide $25 million in financing to the fund. The financing will help mobilize commercial investment to […]
Morocco and Senegal will host this year’s edition of “Rencontres Africa”, an economic event that brings together French and African business leaders. The event, considered, “the most important Africa-focused business gathering, brings together business leaders, investors, project leaders and policy makers from France more than 30 African countries. This 4th edition will take place October […]
The European Bank for Reconstruction and Development (EBRD) has approved a €20 million loan for Société Générale Maroc to enable the bank support SMEs involved in value chains and their green investments. The loan is part of an EBRD program focusing on improving SMEs participation in value chains supported by the European Union and the […]
Mauritania will enter the limited list of uranium producing countries in 2020 following the promising findings of the Australian mining company Aura Energy in the Tiris Zemmour mine. “The production of yellowcake is a true milestone for Aura Energy’s push to achieve producer status. To achieve yellowcake production from our site in the Sahara Desert […]
Morocco was the 9th supplier of canned food, vegetables and fruits to the US, said American research center Indexbox in a recent study. The top 10 suppliers covered 85% of US total imports of canned food, fruits and vegetables in 2018, with Spain, Greece and India taking the first three positions. Peru, the Netherlands, Italy, […]
The Moroccan government notified on Friday the largest telecom operator in the country, Maroc Telecom, that it will sell 8% of the capital of the country. The sale will reduce the share of the Moroccan state in the company to 22%, with the majority of stakes up to now owned by the UAE’s Etissalat. “Maroc […]
As the United Kingdom braces for a hard Brexit without a deal with the European Union, the British government is looking for business opportunities outside the European bloc, focusing on building stronger economic cooperation ties with its traditional partners in America, Asia and Africa in addition to those of the Commonwealth. It is in this […]
The African Continental Free Trade Area (AfCFTA), the African Union’s flagship project for the continent’s economic integration, came into effect on Thursday with the aim of increasing intra-African trade by 60% before 2022, announced the AU. The African Union (AU) hopes the agreement will create a continental $2.5 trillion market of 1.2 billion people and […]
Belgium will allocate Morocco €3 million, over four years, to promote jobs creation and youth self-employment. The funds will be granted under a Moroccan-Belgian project dubbed “Supporting Youth Entrepreneurship Development in Morocco.” The project, whose related agreement was signed on Wednesday in Rabat, will focus in a first phase on four regions: Beni […]
UK-based Helispeed company, specializing in pilot supply services, training and aircraft management, has sealed a 12-month deal with Moroccan-based Heliconia Aero Solutions to provide it with qualified helicopter pilots. These pilots will enable Heliconia Aero Solutions offer its customers, associated organizations and individuals safe, reliable and effective helicopter solutions. The Marrakesh-headquartered aviation firm utilizes its […]