First Independent Mena Newspaper
Senegal is facing mounting fiscal challenges as its public debt approaches 80% of GDP, driven by rising borrowing costs, persistent energy subsidies, and the lingering effects of post-COVID recovery spending. The government is under increasing pressure to balance its budget while maintaining critical social and infrastructure investments. According to a recent World Bank report, Senegal’s […]
Italy and the European Union have announced €1.2 billion in new investments across Africa, aimed at boosting infrastructure, digital connectivity, and climate-resilient agriculture, though many question the true motives behind the ambitious investment plan. The deals, co-led by Italian Prime Minister Giorgia Meloni and European Commission President Ursula von der Leyen, form part of Meloni’s […]
European aerospace giant Airbus is seeking to deepen its partnership with Morocco’s rapidly growing aviation sector, citing significant opportunities in the North African kingdom, company executives announced at the Paris Air Show, held from June 16-22 in the French capital’s suburbs. Wouter Van Wersch, Airbus executive vice president for international affairs, described Morocco as “a […]
Renault Technology Morocco (RTMA) is establishing a new engineering center at Tétouan Shore, strengthening the French automaker’s technological footprint in Morocco as the kingdom emerges as a critical link in Renault’s global value chain. The research and development center will spearhead vehicle renewal and development projects for Renault Group while supporting Moroccan manufacturing operations. The […]
Gold mining companies across West Africa are turning to aerial surveillance technology to combat escalating incursions by artisanal miners, as record gold prices above $3,300 per ounce fuel increasingly violent confrontations at corporate mining sites, Reuters reported. At Gold Fields’ Tarkwa mine in southwestern Ghana, drone operators recently detected suspicious activity, leading a 15-person response […]
India’s Prime Minister Narendra Modi will visit Morocco in early July within the frame of a five-nation tour including Africa, Latin America, and West Asia, according to Indian press reports. His first stop will be in Morocco, India’s emerging security and economic partner in North Africa. This shows the strategic importance of Rabat for New […]
The Foreign Ministers of the member states of the Organization of Islamic Cooperation (OIC), have commended the role of King Mohammed VI as Chairman of the Al Quds Committee, his ongoing efforts to protect the holy sites in Al Quds Asharif, as well as his initiatives in favor of Africa. The OIC ministerial council, which […]
The 17th U.S.-Africa Business Summit is held in Luanda, Angola this June 22 – 25 under the theme, “Pathways to Prosperity: A Shared Vision for U.S.-Africa Partnership”. The summit, bringing together more than 1,500 delegates including African presidents, heads of government, cabinet members, and senior U.S. Government officials and leaders from U.S. and African companies, […]
In a strategic move to reduce global reliance on the U.S. dollar, China has welcomed six new financial institutions from Africa, the Gulf, and Central Asia into its Cross-border Interbank Payment System (CIPS). The expansion, announced during a ceremony in Shanghai, brings direct participation in the yuan-based payment network to 174 institutions, as China steps […]
Algeria is entering a phase of deepening financial isolation following its inclusion on the European Union’s updated list of high-risk countries for money laundering and terrorism financing. While the blacklisting was formalized on June 10, 2025, its consequences are now materializing across Algeria’s already fragile financial system, exposing long-standing structural weaknesses. The EU’s decision, aligned […]