First Independent Mena Newspaper
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 […]
In Ghana, the Green Climate Fund (GCF) has announced a $20 million grant to the African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA), a program for a climate action project to support women-led farmers’ associations and micro, small and medium enterprises in Ghana’s agricultural sector. The AFAWA Ghana project is designed to […]
The number of tourists visiting Morocco between January and May 2019 increased 4.6% to 3.5 million compared with the same period last year. International tourist arrivals rose 1% while Moroccans living abroad visiting their homeland dropped 8%, the tourism ministry said in its latest statistics. Analysts said that the number of foreign tourists and Moroccans […]
Tunisia Wednesday said it succeeded in raising 700 million euros on the financial bond market with an interest rate of 6.37 per cent as it sought to borrow money to cover its 2019 fiscal budget deficit. The ministry of finance in a statement said the North African country will reimburse the bond over seven years. […]
The African Union summit in Niamey brought together heads of state in the continent to launch a continental free-trade zone that, if successful, would unite 1.3 billion people and create a $3.4 trillion economic bloc. So far, 54 African State agreed on the accord setting up the African Continental Free Trade Area (AfCFTA), which would […]