First Independent Mena Newspaper
After Kenya and Rwanda, the German car giant Volkswagen continues its expansion plan in East Africa. A Memorandum of Understanding (MoU) was signed on Monday by Thomas Schaefer, Head of the Volkswagen Sub-Saharan Africa Region, and the Commissioner of the Ethiopian Investment Commission (EIC), Abebe Abebayehu to deliver a joint vision for the development of […]
The international ratings agency Standards & Poor’s expects Moroccan economy to grow by 4.1 pc in 2020-2021, after decelerating to about 3.2 pc in 2019. The expanding automotive and tourism sectors, coupled with increased demand for phosphates and derivatives, will stimulate the long-term performance and somewhat reduce the reliance on cyclical sectors, notably agriculture, says […]
Sound Energy, the Moroccan focused upstream gas company,“revises up” the net pay estimate of sands found under the main TAGI play, which currently stands at 10.5 meters. Earlier January, Sound energy announced discovery at TE-10 of a potential reservoir at between 1,899 meters and 2,009 meters. Sound has nearly finished planning its TE-10 test program, […]
Algeria’s oldest opposition FFS party called for a mainstream boycott of the presidential elections set for April, stressing that it will present no candidate for the bid. “Conditions of democratic, free, fair and transparent elections are absent,” said the FFS national council. The party added that it will not lend support to any candidate in […]
Dissidents of President Caid Essebsi’s party Nidaa Tounes launched Sunday a new political party named “Tahya Tounes” or “Long live Tunisia” and chose Prime Minister Youssef Chahed to lead it. The new party, a secular movement inaugurated in the coastal city of Monastir, will hold a general assembly later this year. Mustapha en Ahmed, chairman […]
Tunisia Saturday said it would welcome Syria’s reinstatement in the Arab League as Russia lobbies for the move, but made it clear that the decision is “by no means Tunisian but rather a common Arab decision.” Syria is an Arab state, and its natural place is within the Arab League…However, the question does not depend […]
Heavy snowfall in northeastern Algeria propelled floods that took the life of five people and blocked several roads. “All the victims have been retrieved over the last 48 hours after being swept away by waters in Annaba, El Tarf, Tizi Ouzou and Tipaza,” the civil protection body said. About 100 people have been rescued as […]
Italy’s Prime Minister Giuiseppe Conte cut the ribbon for the new ‘Africa Centre for Climate and Sustainable Development’ in Rome this Monday. This Centre will provide a fast-track, demand-driven mechanism for African countries to access grant resources that support policies, initiatives, and best practices on climate change, food security, access to water, clean energy, and […]
Saudi billionaire Mohammed al-Amoudi who has assets in Morocco and Ethiopia has been released from detention in the Saudi kingdom where he had been held since Nov. 2017 as part of the controversial crackdown on corruption. Ethiopian Prime Minister confirmed on Twitter Sunday the Ethiopian-born billionaire and businessman has been released. “We wish Mohammed al-Amoudi […]
The Ethiopian Ministry of Energy has issued tenders for the installation of six large-scale solar power plants. The plants will be developed under a public-private partnership framework and their construction is expected to cost around $795 million. These infrastructures are planned to be located in the states of Afar, Somali, Oromia and Tigray with the […]