First Independent Mena Newspaper
Africa has taken a major step toward financial self-determination with the launch of PAPSSCARD, the continent’s first Pan-African card scheme. Announced during the 32nd Afreximbank Annual Meetings in Abuja, Nigeria, the card aims to keep value, data, and economic benefits within Africa by processing payments entirely on the continent. The PAPSSCARD is a joint initiative […]
The African Development Bank (AfDB) has approved a financing package of over €300 million for Morocco to support entrepreneurship, job creation, and climate resilience. The funding aims to enhance the country’s economic competitiveness, strengthen resilience to climate change, and promote inclusive growth through skills development and entrepreneurship. AfDB says €181.8 million will support the second […]
Morocco is positioning itself as a key facilitator in establishing historic logistics partnerships between Africa and Turkey, emphasizing South-South cooperation as the foundation for sustainable and sovereign development across both regions. Transport and Logistics Minister Abdessamad Kayouh announced Sunday in Istanbul that Morocco fully supports strengthening transport corridors between Africa and Turkey through sustainable, resilient, […]
A high-level delegation from the Federation of Saudi Chambers of Commerce started an official visit to Morocco Sunday, seeking to strengthen economic cooperation and explore new investment opportunities between the two kingdoms. The delegation, led by Federation President Hassan Al-Huwaizi, includes more than 30 Saudi investors and representatives from various government agencies. The visit aims […]
Construction of Morocco’s Dakhla Atlantique Port has reached 39% completion, with the project expected to be operational by early 2029. Located 40 km north of the southern city of Dakhla, the port is part of a strategy to boost trade and economic development in the southern provinces, the Sahara. The facility is designed to support […]
Morocco’s economy confirmed its recovery momentum in 2025, with gross domestic product growing 4.8% in the first quarter compared to 3% in the same period last year, according to the High Planning Commission (HCP). The strong performance reflects marked progress in non-agricultural sectors and recovery in agricultural activity, driven by sustained growth in domestic demand. […]
Morocco’s national ports handled 60.8 million tons of commercial cargo during the first quarter of 2025, representing a 10.2% increase compared to the same period last year, according to the Financial Studies and Forecasts Directorate (DEPF). The growth was primarily driven by transhipment traffic, which surged 12.7% and accounted for 49.9% of total port activity. […]
Morocco and Türkiye signed two memoranda of understanding on Friday in Istanbul to strengthen cooperation in road safety and maritime transport, officials said. The agreements were signed by Moroccan Transport Minister Abdessamad Kayouh and Turkish Transport Minister Abdulkadir Uraloglu on the sidelines of the Global Transport Connectivity Forum currently held in Istanbul. The first MoU […]
Morocco’s National Investment Commission has approved 47 new investment projects totaling 51 billion dirhams ($5.5 billion), in a major push to stimulate economic growth and job creation across the kingdom. The approvals, announced during the 8th session of the Commission, include 36 new agreements and 11 amendments to existing ones. The projects are expected to […]
British geoscience company Getech and energy transition firm Sound Energy have established a joint venture to explore Morocco’s untapped natural hydrogen and helium reserves, positioning the North African kingdom at the forefront of emerging clean energy technologies. The newly formed HyMaroc Limited will focus on discovering and developing underground deposits of these critical resources, following […]