First Independent Mena Newspaper
The restrictive measures to slow the outbreak of the coronavirus ensued revenue losses estimated at $600 million for five Moroccan state-owned enterprises. These include flag carrier RAM, which loses up to $100 million per month, national electricity and water utility with $44 million, airports agency with $30 million, rail operator ONCF with $28 million and […]
Morocco’s dam filling rate dropped to an average 47% nationwide as a surge in demand and fewer rainfall put a strain on the country’s water resources, water department said. Morocco has stopped irrigation in regions where water storage reached critical levels such as the key agricultural Souss region. Only the region of Loukous in north […]
The Moroccan national football championship will resume its season by end of July, after halting competition since March 20 due to the coronavirus pandemic. The announcement was made on Tuesday in Rabat by sports minister Othmane El Ferdaous without saying whether the fans will be allowed or not to attend the games as in some […]
France will release €350 million loans to Tunisia to deal with the crisis caused by the coronavirus, French President Emmanuel Macron announced on Monday in Paris. “France continues to provide all its support to Tunisia, especially in the health sector through the training of health workers, the modernization of infrastructures, such as the construction of […]
Paris and Tunis on Monday asked the parties in Libya to fulfill their commitments to restart negotiations under the United Nations aegis. “France and Tunisia together demand that the warring parties ceasefire and keep their commitment to resume negotiations within the United Nations framework to restore security for all, reunite Libyan institutions and start reconstruction […]
The World Bank announced on Tuesday a $500 million funding to help Morocco speed up its digital transformation and enhance its economic and social inclusion. The WB financial support will serve to improve financial inclusion and access to more competitive digital infrastructure and services for businesses and individuals. It also aims to spur private sector […]
The Bankers Association for Finance and Trade (Baft) has launched earlier this June a regional Africa council, bringing together senior banking leaders from institutions across the continent to provide guidance for the association’s members locally. The council will look to address common challenges faced by banks in Africa, including capital treatment for trade finance, transition […]
Morocco has programmed 30 flights on June 21-27 to speed up the repatriation of its nationals stranded abroad because of the restrictive measures to counter the coronavirus outbreak. The flights will transport 4,644 Moroccans stuck in 17 countries, Morocco’s foreign minister Nasser Bourita told MPs this Monday. These countries include Turkey, Serbia, Mauritania, Tunisia, Hungary, […]
Moroccan medical aid destined to the African Union Commission, in the context of the aid granted to several African countries, at the high instructions of King Mohammed VI, arrived Monday morning in Addis Ababa. The Moroccan medical aid meant to support African countries in their efforts to fight the coronavirus pandemic, was received at Bole […]
Morocco is stepping up efforts to promote scientific research and innovation and upgrade digitization of education. To this end, the departments of National education and Higher Education & Scientific Research, the OCP Foundation, and the Mohammed VI Polytechnic University (UM6P) have signed in Rabat on Saturday a framework agreement setting up a strategic partnership in […]