First Independent Mena Newspaper
The General Fisheries Commission for the Mediterranean (GFCM) convened in Marrakesh on June 11-12 a high level conference to renew commitments made under the MedFish4Ever declaration to ensure a long-term sustainability of Mediterranean fisheries, and explore ways of combating poverty, reducing marginalization and promoting resilient livelihoods. The MedFish4Ever declaration was signed in 2017 by 16 […]
The European Union (EU) announced Tuesday a humanitarian aid of more than €152 million for the African region of the Sahel. “While Sahel countries continue to suffer from armed conflict, climate change and a food and nutrition crisis, the EU is providing €152.05 million to help people in need in the region”, said the European […]
CDC Group, the UK government’s foreign investment arm, has announced it will invest $300 million in power grid development in Africa over the next five years. This contribution will be made through Gridworks, a company that will be launched shortly to this end. The company will make investments in African transmission networks, but also […]
Moroccan banks have invested more than $1.8 billion in 25 African countries between 2007-2017, says a report released by the Moroccan ministry of economy & finance. These investments represent 52.2 pc of total Moroccan funds injected in Africa. Over 16.4 pc of the Moroccan investments were made in the telecom sector, 12.3 pc in industry […]
Egypt gained $6.24 billion in revenues from the Suez canal, that is a 5.14% rise compared to last year. The Egyptian government set the target of doubling that figure to $13 billion by 2023 as it sees growth against the backdrop of improved security conditions and improved trade between Europe and Asia. The canal is […]
At the end of the first quarter of 2019, Morocco’s banking sector posted a 6% increase in profits compared to last year, with 3.4 billion dirhams (MAP). The first three months of the year 2019 were favorable for the banking sector, states local daily, l’Economist, in its Monday issue. Overall income of the banking sector […]
Morocco consolidated its position as Spain’s leading fresh fruit and vegetable supplier in the first quarter of 2019, with exports amounting to €264 million in the first quarter of 2019. Imports of fruit and vegetables from Morocco were up 4% compared to the same period of 2018, the Spanish Federation of Producers’ Associations for Fruit, […]
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 […]