First Independent Mena Newspaper
West African finance ministers and central bank governors of the Economic Community of West African States agreed at a meeting in Côte d’Ivoire to speed up the creation of a single currency next year. “At a ministerial level, we’ve established a roadmap” for the establishment of a new currency in 2020, Ivorian Finance Minister Adama […]
A Moroccan delegation, led by Minister Delegate for African Cooperation, Mr. Mohcine Jazouli, is taking part in the 12th US-Africa Business Summit, held in Maputo, Mozambique, June 18-21. Morocco, the only African country to sign a free trade agreement with the United States and a leading diplomatic and economic player on the continent, is represented […]
Moroccan mining firm, Managem, announced, Tuesday, that it acquired the remaining 30% stake in the joint venture with West African-focused gold mining and exploration company Avocet Mining, for $21 million. In 2016, Managem acquired 40% of this project in partnership with Avocet Mining before increasing this share to 70% in 2018. With this […]
The European Commission announced this Wednesday the extension of the Bêkou Trust Fund for the Central African Republic (CAR) until the end of 2020. The Bêkou Trust Fund (meaning “hope” in Sango) was created in July 2014 to address the political and security crisis of 2013 in CAR and remains a critical instrument to […]
UK-based Azuri Technologies said it has raised $26 million to expand its individual solar kit business to cater to African households. According to the company, Marubeni Corporation – a well-known Japanese conglomerate, which invests in renewable energy projects across Africa – contributed a significant amount of investment. IP group, a British technology-focused investment fund, and […]
Head of Casablanca Finance city (CFC) saïd Ibrahimi said that the number of companies that have acquired CFC status rose to 184 and is set to increase in light of the advantages offered by the Moroccan financial center to companies that want to expand in Africa. He said that CFC tax regime was not the […]
With the support of the African Union Commission’s Department of Trade and Industry, the Permanent Mission of the African Union in Belgium organized a sensitization workshop on the African Continental Free Trade Area (AfCFTA). The agreement to create the single market for goods and services was signed by 44 out of the 55 Member States […]
Representatives of Morocco and Tunisia in the various committees of the Confederation of African Football (CAF) will not be present during the 2019 Africa Cup of Nations (AFCON) held in Egypt June 21 – July 19. This decision of the pan-African body comes few days after the scandal of the final of the Champions […]
United Arab Emirates (UAE) is planning to establish a military base in Niger near the border with Libya, reports say as talks between the West African country and the Gulf country have reached final stages. The UAE will become the fourth country to have a military base in Niger after France, the USA and Germany. […]
The ousted president of Sudan, Omar Hassan al-Bashir has appeared in public for the first time on Sunday, when he was taken to the prosecutor’s office to face charges of corruption and possession of foreign currency. Corruption cases have been opened against 41 other former officials, the prosecutor’s office in charge of corruption cases said […]