First Independent Mena Newspaper
A high-level Moroccan agricultural delegation paid lately a working visit to California to further strengthened bilateral agricultural cooperation and deepened ties between the U.S. and Morocco, said the National Association of State Departments of Agriculture (NASDA) in a press release. The mission also opened new avenues for collaboration and future trade opportunities. “This visit was […]
The Central Bank of Egypt (CBE) has temporarily raised the daily cash withdrawal limit for individuals and businesses at bank branches from EGP 250,000 to EGP 500,000. This exceptional measure is intended to cushion the impact of ongoing telecommunications disruptions that have affected regular banking operations across the country. The CBE stated that the adjustment […]
Casablanca Finance City Authority (CFCA) has launched the “Green Assets Cluster”, a strategic move seeking to position the city as a leading hub for carbon markets in Africa. The announcement of this landmark initiative was made Tuesday by CFCA Director General Saïd Ibrahimi during a conference held in Casablanca on “Scaling up carbon market in […]
The World Bank has urged Mauritania to adopt decisive reforms to safeguard macroeconomic stability and promote more inclusive and sustainable economic growth. In a statement shared on social media, the Bank stressed the critical need for economic diversification, highlighting the overreliance on the mining sector as a major vulnerability. It recommended that revenues from mining […]
Morocco’s banking sector has demonstrated remarkable resilience and growth, with net profits surging 24 percent according to the latest assessment by the country’s financial stability watchdog, reinforcing the sector’s position as a pillar of economic strength. The Committee for Coordination and Monitoring of Systemic Risks (CCSRS), meeting Monday at Bank Al-Maghrib headquarters in Rabat, highlighted […]
China has officially launched its first rail-sea logistics corridor to Morocco, marking a significant milestone in Sino-African trade connectivity. The new route begins in Chengdu, the capital of Sichuan province, and travels by rail through Poland, Germany, and Spain, before containers are transferred to ships in Barcelona and shipped to Tanger Med, Morocco’s largest port, […]
Morocco’s National Social Security Fund (CNSS) has launched a major digital transformation of its Damancom employer portal, introducing new authentication methods to enhance security and streamline access for businesses across the country. The updated system now requires users to log in through either the National Security Directorate’s digital identity (e-ID) service or a one-time password […]
Morocco has strengthened its position in the global railway sector through high-level participation at two prestigious international conferences in Beijing, showcasing the kingdom’s achievements and future ambitions in high-speed rail development. The National Railway Office (ONCF) represented Morocco at the 106th General Assembly of the International Union of Railways (UIC) and the 12th World Congress […]
In a surprise diplomatic move, former U.S. President Donald Trump is set to host leaders from Gabon, Guinea-Bissau, Liberia, Mauritania, and Senegal July 9-11, signaling a shift in U.S.-Africa relations rooted less in aid and more in deals, minerals, and migration control. Though these five nations are small in global trade terms, they sit atop […]
Morocco’s Central Bank has joined the Pan-African Payment and Settlement System (PAPSS), a centralized financial market infrastructure that enables the efficient flow of money securely across African borders, minimizing risk and contributing to financial integration across the Continent. Morocco becomes the 17th country adhering to PAPSS developed by the African Export-Import Bank (Afreximbank) in partnership […]