First Independent Mena Newspaper
Once a peripheral actor, the North African kingdom has positioned itself as a reliable manufacturing and logistics hub, attracting sustained foreign investment and forging deep ties with global aerospace giants. Moroccan aerospace exports reached 26.4 billion dirhams ($3bn) in 2024, up 14.9% year-on-year, with assembly operations alone expanding by 23.6%. The figures mark a continuation […]
OCP Nutricrops, a subsidiary of the Moroccan state-owned phosphate group, has been awarded a $34.5 million contract to supply Bangladesh with 40,000 tons of diammonium phosphate (DAP), the most popular phosphorus fertilizer in the world, providing both essential nitrogen and phosphorus (N and P) for plant growth. The contract enhances further the presence of the […]
Morocco’s government will implement a significant increase in the parafiscal solidarity tax on insurance contracts, raising the rate from 1 percent to 1.5 percent. The amendment, scheduled for approval by decree at this Thursday’s Council meeting, aims to strengthen the nation’s disaster response capabilities following recent catastrophic events. The additional revenue will flow directly into […]
The Democratic Republic of Congo has launched an ambitious plan to reclaim monetary control by reversing decades of deep-rooted dollar dependence. Newly appointed Central Bank Governor André Wameso has placed restoring confidence in the Congolese franc (CDF) at the heart of his mandate. Today, nearly 90% of Congo’s transactions — from mineral exports to daily […]
Morocco’s onion exports reached unprecedented levels during the 2024-2025 season, with the shipping of 64,900 tons worth $238 million after authorities lifted West African export restrictions. According to specialized platform EastFruit, this performance represents a 4.8-fold increase from the previous season and exceeds the previous 2022-2023 record by three percent. The remarkable recovery follows a […]
Africa is rapidly emerging as China’s most dynamic export market, fueled by a combination of shifting global trade dynamics, aggressive Chinese investment, and growing demand for infrastructure. As Bloomberg calculations based on China Customs data have revealed, in the first seven months of 2025 alone, Chinese exports to Africa soared 25% year-on-year to $122 billion […]
Morocco and Spain are currently engaged in direct negotiations aimed at defining their maritime boundaries in line with international law, foreign minister Nasser Bourita said. Speaking at an international seminar on maritime border delimitations, Bourita explained that the process will be conducted in full respect of Morocco’s national sovereignty, particularly in the southern provinces. He […]
TotalEnergies has decided to transfer its French-speaking customer service operations from Belgium to Morocco by end of 2025 within the frame of its delocalisation strategy to keep up with growing global business competition. The giant energy company has also informed the Liège-based call centre Ikanbi, Belgium, that it will not renew its contract set to […]
Morocco’s cereal imports declined by 11 percent during the first seven months of 2025, dropping to 5.847 million tons from 6.57 million tons in the corresponding period of 2024, according to data released by the National Federation of Cereal and Legume Traders. The reduction reflects strategic inventory management amid abundant global supplies, though structural dependency […]
Morocco’s centuries-old rotating savings system, known locally as “daret” or tontine, is undergoing a digital transformation aimed at addressing the financial exclusion affecting 53 percent of the country’s adult population. The new mobile application, developed by former French banking executives Nabil Chakir and Mourad Chokeir, seeks to modernize this informal financial practice while preserving its […]