First Independent Mena Newspaper
Only three months after the launch of the Africa–Europe Alliance, the European Commission presented the first progress made in boosting investment and creating jobs in Africa at the High-Level Forum Africa-Europe held in Vienna, Tuesday. The Forum was hosted jointly by Austrian Chancellor Sebastian Kurz, as EU President, and Paul Kagame, President of Rwanda and […]
The International Monetary Fund (IMF) has approved $2.9 billion for Morocco Under the Precautionary and Liquidity Line (PLL) that will provide insurance against external risks, support Moroccan efforts to reduce fiscal, external vulnerabilities and promote more inclusive growth. Despite a sharp pick up in global oil prices, Moroccan authorities have reduced fiscal and external vulnerabilities […]
The African Development Bank (AfDB) has announced a $96.6 million loan to Morocco to enable the country to implement a program on improving access to employment through vocational training. “Morocco is one of the first African countries to use this innovative financing instrument that makes the disbursement cycle conditional on achieving results, while reducing transaction […]
The initiative for the Adaptation of African agriculture, presented by Morocco during the COP22 in Marrakech in 2016 was at the focus of a meeting in Abidjan between Moroccan Minister of Agriculture Aziz Akhannouch and President of the African Development Bank Akinuwumi Adesina. The AfDB President expressed at the meeting the African institution’s support to […]
Boeing has delivered earlier this week the first 787-9 Dreamliner for Royal Air Maroc, introducing a second member of the super-efficient Dreamliner family to the airline’s fleet. The new airplane offers more seats and more range, which will help Morocco’s flag carrier grow its international service to Europe, the United States and Latin America, RAM […]
The Algerian government has resorted again to the printing press to inject in the market over 4,000 billion dinars, the equivalent of 20% of the country’s GDP, to deal with the 2018 budget deficit. The situation is likely to get worse in 2019, as the outlook for oil prices is rather pessimistic. Since 2014, economic […]
The Tunisian parliament approved earlier this week the 2019 budget, which does not provide for any new taxes on individuals in a move to buy social peace. Earlier this year, People had taken to the streets to protest against the government’s austerity measures. The protests broke out after activists and politicians denounced increases in VAT […]
The European Parliament has acknowledged the positive impact that tariff preferences granted to agricultural and fisheries products from the Sahara have on these Southern provinces. “The tariff preferences enjoyed by the territory between 2013 and 2016 had a positive impact on the agricultural and fisheries sector, investment in infrastructure, health and education. The non-application of […]
Morocco took over from Algeria as co-chair, with France, for the year 2019, of the Steering Committee of the ministerial conference on the initiative for sustainable development of the blue economy in the western Mediterranean, known as the WestMed Initiative. At the ministerial meeting convened in Algiers on December 3-4, Morocco has been officially designated, […]
Ahmed Réda Chami, Morocco’s current Ambassador to the European Union, has been appointed head of the Economic, Social and Environmental Council (CESE). King Mohammed VI appointed Ahmed Réda Chami to the position this Monday at a ceremony at the Royal Palace in Rabat. During the ceremony, the Sovereign emphasized the role and importance of the […]