First Independent Mena Newspaper
In a pessimistic tone that bodes ill for Algeria’s economic prospects, Algerian Prime Minister Abdelmalek Sellal announced yet a new slump in the country’s foreign exchange reserves, which currently stand at $112 billion. As Algeria’s revenues continue to be battered by the slump in oil prices, Sellal, who was speaking in Annaba at a meeting […]
Morocco and China are eager to extend their economic cooperation to the African continent as Chinese investors seem poised to build on Morocco’s strategic location and business ties with Africa, said The Diplomat, a magazine specializing in the Asia-Pacific region. “Morocco can be China’s gateway into West Africa and beyond, where Moroccan companies and businessmen […]
In the face of the paralysis crippling the Maghreb union, Morocco opted to look south reaching out to its partners in West Africa with whom it has been building partnerships on a sound foundation underpinned by a south-south cooperation approach. The recent request by Morocco to join the West African economic community (ECOWAS) is the […]
Côte D’Ivoire has been receiving most of Morocco’s foreign direct investments thanks to sustained efforts by the business community in the two countries and the existence of a strong political willingness evidenced by the close ties between the leadership of the two countries. The current visit of King Mohammed VI to Abidjan is part of […]
Morocco’s leading bank group, Attijariwafa bank, has set sails towards Ghana where it seeks to conquer the banking market. In a first step, it signed a partnership agreement with GCB Bank Ltd, the second top bank group of the West African country. After it established its presence in several francophone countries neighoring Ghana, Attijariwafa bank […]
Strengthening the friendship ties and economic partnership existing between Morocco and Côte d’Ivoire is on top of the agenda of the current visit King Mohammed VI is paying to Abidjan. Commenting on the visit, Ivoirian President Alassane Ouattara said the visit is “a new sign of confidence and friendship” towards his country. He expressed […]
Morocco has officially requested membership in the Economic Community of West African States (ECOWAS), a sub-regional grouping that has been steadily forging ahead on path of regional economic integration. “In the context of the Royal tour in Africa- notably in some west African countries- and following directives from King Mohammed VI, the Kingdom of Morocco […]
Morocco is set to increase its defense budget in support of the modernization process of its armed forces with a view of becoming Africa’s leading military power, Strategic Defence Intelligence said in a report. The report dubbed, “The Future of the Moroccan Defence Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2022,” underscores that […]
Morocco and Ghana opened a new chapter in their bilateral ties with the signing of 25 cooperation agreements during a ceremony chaired by King Mohammed VI who is currently paying an official visit to Ghana and Ghanaian President Nana Akufo-Addo. Five of the agreements were signed between the two governments to promote bilateral cooperation […]
Moroccan authorities recovered a stolen 17th century Baroque Italian painting worth up to six million euros and informed Italian authorities. Italian paper Gazzetta di Modena reported that the painting by Giovanni Francesco, known as Guercino, had been stolen from a church in the northern Italian city of Modena in 2014. It could have been recovered […]