First Independent Mena Newspaper
Oil-rich but war-torn Libya is teetering on the edge of a fuel supply crisis, with more than $1 billion in unpaid dues for imported fuel threatening to disrupt deliveries and deepen the country’s economic woes. The state-owned National Oil Corporation (NOC) has warned that international suppliers are growing increasingly reluctant to continue shipments without payment […]
The Central African Republic has joined 33 African nations in adopting the Enhanced General Data Dissemination System (e-GDDS), the IMF’s intermediate standard for harmonizing macroeconomic data publication. This move highlights a critical challenge facing African economies: balancing international transparency requirements with local political constraints. The IMF classifies 52 African countries into three statistical tiers. At […]
Nearly 17,000 Brazilian tourists visited Morocco during the first four months of this year, said Moroccan National Tourism Office (ONMT), noting that this number represents a 48 % increase compared to same period of last year. In April, Brazilian tourist arrival spiked by 41% to reach 4,870 tourists against 3,465 in April 2024. Yet, inbound […]
Morocco has emerged as the world’s third-largest exporter of fresh tomatoes, driven by robust demand from European markets and a strategic shift toward high-value varieties, Morocco’s agri food export agency Foodex said. The North African country now holds an 11% share of the global fresh tomato export market, trailing only Mexico and the Netherlands, according […]
As jihadist attacks escalate across West Africa, the Economic Community of West African States (ECOWAS) is fast-tracking plans for a regional counter-terrorism force to confront the mounting security crisis. According to ECOWAS Commission president Omar Alieu Touray, preparations for the long-anticipated force are “in full gear,” with member countries ready to contribute troops. Finance and […]
U.S. strategic bomber B-52 has integrated Royal Moroccan Air Force F-16s fighter jets in support of African Lion military exercise 2025, said The B-52 bomber is a long-range subsonic jet. It can carry up to 32,000 kg of weapons and has a typical combat range of around 14,200 km without aerial refueling. More than 10,000 […]
Morocco’s telecommunications regulator ANRT has received formal notification of a groundbreaking infrastructure sharing deal between the country’s two major telecom operators. Itissalat Al-Maghrib (IAM/Maroc Telecom) and Wana Corporate (Inwi) plan to create two joint ventures that could reshape the sector’s competitive landscape. The proposed partnership involves establishing “FiberCo” and “TowerCo,” both equally owned by the […]
Morocco has claimed the top spot as the most cost-effective country for automobile manufacturing, with its labor costs per vehicle, in addition to its modern production facilities, streamlined designs, and reliable supply chains, according to a recent global report by consulting firm Oliver Wyman. The study, which examined over 250 vehicle assembly plants worldwide, found […]
Amid escalating global instability and a shifting geopolitical landscape, foreign ministers from the European Union and African Union (AU) met in Brussels this week to reaffirm their commitment to peace, security, and economic partnership. Marking the 25th anniversary of formal EU-AU dialogue, ministers agreed to bolster cooperation in areas like migration, digital infrastructure, critical raw […]
Morocco’s National Office of Electricity and Potable Water (ONEE) has secured €300 million in financing from European institutions to modernize the country’s electrical infrastructure, marking a significant step in the kingdom’s renewable energy transition. The funding package combines €170 million from the European Investment Bank (EIB), €130 million from Germany’s KfW development bank, and support […]