First Independent Mena Newspaper
Morocco reported a surplus for the fourth consecutive year in its trade with Africa although its exports dropped 2.4% in 2018. Morocco exported 21.57 billion dirhams in goods to Africa in 2018. The continent takes 7.8% of Morocco’s exports. Over four years, Morocco’s exports to Africa grew 29% while imports dropped 5% as the Kingdom […]
Already one of the biggest arms importers in Africa, Morocco has multiplied contacts with international partners to develop its own military industry in a bid to curb imports and boost independence as well as ensure technology transfer. Moroccan papers announced lately that the first armament factory will be launched soon in the country as a […]
At least 50 people were killed in Nigeria when fuel from a crashed truck that they were siphoning up caught fire, local media reported. The incident happened on Monday afternoon after a fuel tanker trying to avoid a pothole overturned and fell off the road in Ahumbe village in Benue State, according to a spokesman […]
The Bank of Central African States, also known as Banque des Etats de I’Afrique Centrale (BEAC), this week said the prices of 28 commodities exported by the six states of the regional bloc (CEMAC) accounting for 90% of export values, declined by 6.2% during the first quarter of 2019. The regional bloc consists of Cameroon, […]
The United States Agency for International Development (USAID) has granted Morocco $94 million to finance the kingdom’s inclusive socio-economic development program. The grant related agreement was signed Wednesday in Rabat. The inclusive socio-economic development program has three components, according to MAP. The first concerns an integrated local development program that will encompass the economic growth […]
Nigeria’s presidency on Tuesday said the West African nation will sign the Africa free trade agreement at the coming African union summit. According to a statement posted on the presidency’s Twitter feed, Nigeria would sign onto the deal at the upcoming African Union extraordinary summit in Niamey, Niger. The Summit is taking place to celebrate […]
The extension of Morocco’s Tanger Med port increased the total capacity of Morocco’s 13 ports combined to 260 million tons. The launch of Tanger Med 2 increased the northern port’s capacity to 9 million container from 3.5 million in 2018. The extension was achieved at a total cost of 88 billion dirhams in state funding […]
The Spanish-Moroccan business forum opened Tuesday in Casablanca to discuss joint investment opportunities and partnership projects in the car industry, transports, renewable energy, water, agricultural technologies, agri-food industry, education and tourism. The two-day event, bringing together some 300 representatives of public administration and the private sector from both countries, aims to facilitate contacts between Moroccan […]
About $20.8 billion deals were signed between African countries and China during the first China-Africa Economic and Trade Expo (CAETE), held the central Chinese city of Changsha, Hunan Province, June 27 through 29. The $20.8-billion worth of deals covered a wide range of areas, including trade, investment, infrastructure, agriculture, manufacturing, aviation, tourism and sister-city relations, […]
Heads of State of the 15-member West African Community of African States (ECOWAS) have adopted a flexible currency regime after making considerable progress on plans for a single currency in the region. In a meeting held Saturday in the Nigerian capital Abuja, the bloc said it had made considerable progress on the single currency […]