First Independent Mena Newspaper
Germany’s Development Bank (KfW) will provide Morocco’s National Office of Electricity and Drinking Water (ONEE) additional €52.6 million including €3.1 million grant for drinking water projects to be carried out in the North African Kingdom. The new funding and grant agreements were signed Tuesday by ONEE Chief Abderrahim El Hafidi and KfW Director Water & […]
Inflation will continue to soar in Tunisia reaching 10.5 pc in 2023 against 8.3 pc expected in 2022 deepening further the economic and political crisis rocking this country. The announcement of the inflation projection was made by Tunisian economy minister Samir Saeed at a press conference. “2023 will be a difficult year”, said the minister, […]
Zimbabwe has banned the export of raw lithium from its mines so it can cash in on value addition and stop losing billions of dollars in mineral proceeds to foreign companies. The new regulation is designed to “ensure that the vision of the president to see the country becoming an upper-middle income economy has been […]
Shell will pay 15 million euros in compensation to Nigerian farmers for oil spills that severely polluted three villages in the Niger Delta, the oil giant has said in a statement. A court in The Netherlands ruled in 2021 that Shell’s Nigerian subsidiary was liable for damages resulting from the spills and ordered the oil […]
Visiting Azerbaijani Deputy Foreign Minister, Fariz Rzayev, emphasized, Tuesday in Rabat, the excellent level of cooperation between Morocco and his country despite the geographical distance, highlighting ways to strengthen bilateral relations. At a conference at the headquarters of the presidency of the Mohammed V (UM5) University, held under the theme “Azerbaijan post-conflict-vision”, the Azerbaijani official […]
The outstanding performance of the Moroccan footal team in Qatar 2022 world cup is still reverbating across the globe. In this connection, Radio France Internationale (RFI) aired Monday a reporting on Morocco’s Mohammed VI Football Academy that it labeled a factory for champions. With its 18 hectares of ultra-modern infrastructure, five soccer fields, a medical […]
A mission led by a multidisciplinary team from the International Monetary Fund (IMF) highlighted Bank Al-Maghrib’s (BAM) transparency practices. This mission focused on examining the bank’s transparency practices in five areas, relating to “Governance”, “Policies”, “Operations”, “Results” of these policies, as well as the “Institutional Relations” it maintains with national and international bodies, the central […]
The President of Benin, Patrice Talon, noted that only a few African countries have been carrying the torch at the continental and global levels for some time, citing the case of Morocco at the World Cup (Qatar-2022). The Moroccan team’s performances “are the result of work that has been done over time,” he said. President […]
Bahrain’s Al Baraka Group (ABG), one of the major Islamic banking and financing institutions, announced on Monday that it is exiting from two of its subsidiaries, Bank Al-Tamweel Wa Al-Inma (BTI) in Morocco and Itqan Capital, an investment company in Saudi Arabia. Its 43.6 pc stake in BTI will be sold to Moroccan Bank of […]
An Egyptian-Qatari Business Forum will be launched during the first quarter (Q1) of 2023, Mubasher reports citing sources familiar with the matter. Egypt’s General Authority for Investment and Free Zones (GAFI) has been mandated to arrange the event, the sources indicated noting that the forum will be launched at the Gulf country’s recommendation. A number […]