First Independent Mena Newspaper
Morocco’s trade deficit in the first seven months this year eased by 18.2% as foreign demand on Moroccan industrial exports curbs imports, the foreign exchange office said. The office also cited a significant drop in energy imports triggered by lower prices in international markets. By July, Morocco’s energy imports slid 31, while equipment purchases dropped […]
France’s largest hydrocarbons group Axens and the Nigerian conglomerate BUA signed a partnership contract on Tuesday in Paris to carry out the first stage of a refinery project which will be located in Akwa Ibom State, in south-eastern Nigeria. Nigeria, the continent’s leading crude oil producer but which imports almost all of its fuel, seeks […]
After months of ambiguity, Guinean President Alpha Condé confirmed on Wednesday for the first time that he is candidate for a third term, despite a protest that cost the lives of dozens of civilians. The Guinean president, 82, announced on Wednesday, September 2, that he was entering the presidential race. “From now on, I am […]
Wind energy is developing and expanding rapidly in Morocco, which is determined to bolster its green and renewable energies to power its competitive economy and sustainable growth. On Wednesday, Siemens Gamesa said it will install 87 wind turbines in the Boujdour wind farm, located in southern Morocco. It has received the order for the supply […]
On May 27, 2020, the EU Commission presented its proposal for a post-pandemic recovery plan to help the bloc overcome the impact of the coronavirus crisis. The plan has however failed to include the grouping’s need to policy reforms towards its southern neighbors in the Middle East and North Africa (MENA), whose economic and political […]
The Tunisian parliament Wednesday rubber-stamped the proposed government of the Prime Minister-designate Hichem Mechichi to replace Elyes Fakhfakh who resigned last month from the post over allegations of a conflict of interest. Mechichi’s cabinet lineup was approved by 134 lawmakers out of the 201 present for the session. Mechichi after the 15-hour session told the […]
The Millennium Challenge Corporation (MCC) will fund the development of three new industrial parks in Had Soualem, Bouznika and Sahel Lakhyayta, reports L’Economiste daily. The MCA-Morocco Agency has already launched tenders for the planning, development and management of these three parks, to extend over 140 hectares. The parks are aimed to attract investment and create […]
The Economic Community of Central African States (ECCAS) has just put in place its presidency following reforms that inter alia dissolved the general secretariat. The new institution will have more powers to accelerate regional integration. The new team was installed Tuesday, in Libreville, headquarters of the institution. For this new start, the eleven heads of […]
Secretary of State Michael Pompeo lauded Morocco for its efforts to help African states counter the coronavirus outbreak. “Secretary Pompeo thanked Morocco for its leadership on critically important public health efforts in Africa during the COVID-19 pandemic,” the US state department said in a statement after Morocco and the US signed a bilateral Enhanced Immunities […]
The European Bank for Reconstruction and Development (EBRD) has mobilized €300 million worth of loans for the benefit of three public enterprises in Morocco. The National Airports Office (ONDA), the National Company of Highways of Morocco (ADM), and the National Office for Electricity and Drinking Water (ONEE) are set to benefit from the loans destined […]