First Independent Mena Newspaper
Burkina Faso’s military-led government has completed the nationalization of five gold mining assets, marking a significant pivot in its economic strategy aimed at asserting greater control over the country’s mineral wealth, international media reported. The move, finalized through a government decree earlier this month, transfers ownership of two producing gold mines and three exploration permits […]
Morocco is planning to add 13 desalination plants before 2030, adding to existing 17 ones, with the aim to have a production capacity of 1.7 billion m3, water and equipment minister Nizar Baraka said. Desalination together with dams and waterways are all projects launched by Morocco under a $12 bln program to ensure steady water […]
Morocco’s budget deficit widened to 22.9 billion dirhams ($2.3 billion) at the end of May 2025, up from 11.2 billion dirhams a year earlier, the treasury said. The deficit was however offset by a positive balance of 14.1 billion dirhams from special treasury accounts and autonomously managed state services. Total ordinary revenues rose 19.6% year-on-year […]
Al Akhawayn University in Ifrane aims to spearhead Morocco’s digital and cybersecurity skills development, building on its successful completion of a government contract to train 10,000 engineers, university officials announced at a Bank Al-Maghrib press conference in Rabat. Bank Al-Maghrib Governor Abdellatif Jouahri, who serves on the university’s Board of Directors, praised the institution’s achievements […]
The leading American EV manufacturer Tesla has set foot in the nascent Moroccan electric cars market with the establishment of a subsidiary in Casablanca. Besides setting up dealerships, Tesla Morocco is tasked with importing, sales’ operations, and servicing of electric vehicles. The subsidiary’s mission also includes the expansion of the network of charging stations across […]
Chinese group Tinci Materials Technology willis preparing to set up a factory in Jorf Lasfar dedicated to the production of electrolytes and raw materials for electric batteries. This industrial project, with an estimated investment of $280 million (nearly 2.8 billion dirhams), will have an annual production capacity of 150,000 tons of finished products for the […]
Data centers are burgeoning in Morocco and show no sign of slowing, especially in today’s technology-driven world. The country is becoming a popular location for hosting data centers of leading IT companies due to its geostrategic position, pro-business environment, renewable energy sources, cost-effective real estate, access to a skilled workforce and a favorable tax climate. […]
Morocco’s tourism sector demonstrates robust recovery with 2.7 million visitors arriving during the first two months of 2025, marking a significant 24% increase compared to the same period in 2024, according to the National Tourism Observatory’s latest data. The growth reflects strong appeal among both foreign tourists and domestic visitors. Total overnight stays in classified […]
The Forum on China-Africa Cooperation (FOCAC), held on June 11 in Changsha, capital of China’s Hunan province, followed on June 12 by the official inauguration of the 4th China-Africa Economic and Trade Expo, once again clearly and unequivocally confirmed that the so-called SADR has no legitimacy or place in Sino-African cooperation mechanisms. Like previous editions […]
Morocco’s industrial development strategy emphasizes diversifying productive sectors to strengthen the economy’s foundation, Industry and Commerce Minister Ryad Mezzour stated Wednesday during a national symposium on macroeconomic policies and investment dynamics in Rabat. The kingdom’s industrial portfolio spans agri-food, automotive, chemical and parachemical industries, aeronautics, textiles and leather, and pharmaceuticals. Mezzour highlighted two particularly promising […]