First Independent Mena Newspaper
King Mohammed VI has outlined a roadmap for achieving a comprehensive and sustainable development in Africa, based on four key pillars, namely changing the model used for development financing; creating an institutional, economic, and social environment conducive to development; increasing and stimulating intra-African trade; and increasing the value of the continent’s abundant natural resources. These […]
In a decisive stride towards climate resilience, the African Development Bank (AfDB) announced plans to establish a dedicated Carbon Markets Support Facility aimed at galvanizing carbon finance across Africa. Recognising the continent’s disproportionate vulnerability to climate change-induced disasters, this pioneering initiative seeks to unlock new streams of investment by formalizing and scaling carbon credit trading. […]
Mauritania’s Sidi Ould Tah, who secured a five-year mandate at the helm of the African development Bank, one of the continent’s most influential financial institutions, pledged in his victory speech to “build a stronger, more responsive AfDB” that can better support member countries in tackling urgent challenges such as climate resilience, food security, and youth […]
Mali, Burkina Faso, and Niger are accelerating economic integration through their Alliance of Sahel States (AES), establishing a Confederal Bank for Investment and Development with 500 billion CFA francs in initial capital as they pursue greater autonomy from traditional West African institutions. The alliance, formed in September 2023 amid growing dissatisfaction with ECOWAS policies, has […]
Dialogue and cooperation with Morocco remain “a top strategic priority” for the European Union, said the EU Special Representative for the Sahel region João Cravinho, who pointed out that the Kingdom’s relationship with neighboring Sahel countries is, for the EU, a vital source of insight. The EU official made the remarks in a statement to […]
Kenya’s support for Morocco’s autonomy plan for the Sahara territory sent shockwaves across Africa and a blow to a weakening pro-Polisario alliance led by Algeria and South Africa. The new Kenyan volt-face on the Sahara issue in favor of Morocco’s territorial integrity, was expressed in a joint statement during a visit by Kenyan foreign minister […]
Morocco and the UN World Tourism Organization have signed a financial agreement related to the establishment of the organization’s first African innovation Office in Rabat, Morocco. The financial agreement was signed Thursday in Madrid by Morocco’s Minister of Tourism, Fatim-Zahra Ammor, and UN Tourism Secretary-General Zurab Pololikashvili. This agreement follows host country agreement signed between […]
Sidi Ould Tah of Mauritania was elected this Thursday President of the African Development Bank Group at the Bank’s Annual Meetings held in Abidjan, Côte d’Ivoire. Sidi Ould Tah will succede Nigerian Akinwumi Adesina at the helm of the AfDB. Tah was elected by the Bank’s Board of Governors, comprising Finance and Economy Ministers or […]
A Moroccan military delegation, led by Brigadier General Abdelkrim Najjar, took part in the 2025 African Chiefs of Defense Conference co-organized by U.S. Africa Command and Kenya in Nairobi (May 28-29) under the theme: “Strengthening African Security, Sustaining Unity of Effort.” The conference was an opportunity for senior military officials from across Africa to discuss […]
Nadia Fettah Alaoui, Morocco’s Minister of Economy and Finance, has been awarded the trophy of Finance Minister of the Year at the 2025 African Banker Awards in Abidjan. Her leadership has been recognized for driving macroeconomic stability and positioning Morocco as an attractive destination for investment. This accolade highlights her significant contributions to Morocco’s economic […]