First Independent Mena Newspaper
Morocco’s financial system continues strengthening its fundamentals, with banking and insurance sectors demonstrating robust performance, according to the Committee for Coordination and Supervision of Systemic Risks following its twenty-second session Tuesday at Bank Al-Maghrib headquarters. The banking sector recorded substantial profitability gains alongside reinforced solvency. Net income on a standalone basis increased 25% year-on-year through […]
The Central Bank of Egypt (CBE), on Thursday, 25 December, announced a 100-basis-point reduction in its key interest rates, marking its fifth rate cut this year as policymakers respond to easing inflationary pressures. In a statement, the CBE said its Monetary Policy Committee lowered the deposit rate to 20 percent, the lending rate to 21 […]
The revival of the Lobito Corridor, a 1,300 km railway linking Zambia’s copper belt to Angola’s Atlantic coast, captures a profound change in Europe’s approach to Africa from development aid to transnationalism. Once a colonial-era route for mineral extraction, the line is now the centerpiece of the EU’s 2 billion euro investment under its Global […]
The first batch of WhAP 8×8 armored vehicles produced by India’s Tata Advanced Systems’ plant in Morocco has been delivered to Morocco’s Royal Armed Forces (FAR), marking what the Indian defense group calls “a major milestone” in its strategic partnership with the Kingdom. The vehicles are produced under the “Made in Morocco” label, reinforcing Morocco’s […]
Chinese Sunrise Group has launched a major textile project in the Moroccan city of Fez which will host the 20-ha factory complex, including yarn spinning, weaving, dyeing, printing, and ready-to-wear garment manufacturing. This facility, spearheaded by Sunrise subsidiary Euwen Textiles, will use renewable energy and water recycling systems. It is expected to create around 3,000 […]
Torrential rains failed to dampen the first five days of the Africa Cup of Nations 2025, as Morocco delivered world-class playing conditions and flawless organization. Stadiums equipped with advanced SubAir technology and hybrid turf ensured perfectly playable surfaces, with no waterlogging or disruption to the matches, drawing praise from players and fans. International media hailed […]
France’s foreign ministry has denounced Algeria’s new law branding French colonization a “state crime” as a “manifestly hostile initiative”, warning it undermines efforts to rebuild dialogue and approach sensitive memory issues calmly. The vote in Algiers was celebrated by lawmakers standing, draped in national colors and chanting “Vive l’Algérie!” It comes amid worsening bilateral ties […]
Mauritania will soon begin construction of a 220-megawatt hybrid power plant in Nouakchott under a public-private partnership, the Ministry of Energy announced on Wednesday. The project, the first of its scale and design in the country, combines solar and wind energy with advanced battery storage to enhance grid stability and service quality. The facility will […]
A Libyan delegation arrived in Ankara on Wednesday to follow up on investigations into the crash of a private jet that killed senior Libyan military officials, Turkish media reported. According to the daily Sabah, the delegation is liaising with Turkish authorities at the crash site and monitoring both the technical and judicial investigation processes. The […]
Morocco is advancing its direct social support system through enhanced data analytics and precision targeting, moving beyond category-based assistance toward household-specific assessments as authorities secure long-term funding for one of the nation’s largest social protection initiatives. Government officials detailed the program’s evolution in November parliamentary responses, outlining how the National Agency for Social Support implements […]