First Independent Mena Newspaper
The kingdom of Morocco has emerged as one of the leading international investors in Africa with foreign direct investment (FDI) valued at about $4 billion according to a report by the Moroccan Agency for Development of Investment and Export (AMDIE) and France-based consulting firm, Mazars. The report, dubbed “Analyse de l’investissement en Afrique en 2020 […]
The African Lion drills, the most important military exercises that take place in Africa, will unfold this year partly in the Moroccan Sahara. The news was already relayed late March by Moroccan media following a preparatory meeting between Moroccan and US senior army officials. The media had then reported that Tan Tan, Mahbes and Dakhla […]
The Malian Constitutional Court validated the coup leader Assimi Goita, the protagonist of last Monday’s coup, as the new president of the Republic, replacing the ousted president, Bah Ndaw. The Court seeks thus to give a semblance of legality to Monday’s coup in Bamako, staged by the same coup leaders who deposed the then president […]
Morocco is expected to emerge as the fifth best performing economy in Africa this year despite adverse international economic juncture, says Forbes Middle East list 2021 drawn on basis of the International Monetary Fund and the World Bank data. The IMF expects Morocco’s real GDP to grow by 4.5 pc this year, after a contraction […]
Morocco’s phosphates and fertilizer producer OCP has over the last 6 years launched a program aiming at bringing customized fertilizers closer to the African market with fair prices and has rolled out training programs on best practices to improve output benefiting so far 1 million African farmers. The goal was to support the African farmer […]
The forced resignations of President Bah N’Daw and Prime Minister Moctar Ouane on Wednesday, May 26, were not to the liking of the international mediation team, led by ECOWAS, which had already mentioned possible sanctions. No decision has yet been announced, but sanctions could be adopted quickly. Colonel Assimi Goita – acting Vice President – […]
Nearly 200 guests are gathered in Lomé as of this Wednesday to discuss the transition from the CFA to the Eco new currency, decided on December 21, 2019 in Abidjan by the French and Ivorian presidents, Emmanuel Macron and Alassane Ouattara. The plan is for this currency to eventually replace the CFA franc in the […]
The purchase of a new presidential plane, an Airbus “A320 Neo”, which should be delivered on July 16, is not going unnoticed. The opposition and civil society stepped up to decry an unnecessary and irrelevant expense and demand accountability, while the government is trying to explain itself, saying “it was time to replace the A319 […]
African economic powerhouse, Ethiopia, expressed support for the efforts led by Morocco to find a lasting political solution to the Sahara conflict within the umbrella of the UN. This came during a videoconference between foreign minister Nasser Bourita and his Ethiopian peer Demeke Mekonnen Hassen, who reiterated his country’s attachment to resolution 693 of the […]
Moroccan Holmarcom Group has bought a 51 pc stake in Kenya’s Monarch Insurance Company for an undisclosed sum. The transaction, which is subject to approval by Kenya’s competent authorities, will enable Holmarcom to become the majority shareholder along with Kamu Group and Maisha Bank. The Moroccan private group operates in finance, insurance, agribusiness, distribution, logistics […]