First Independent Mena Newspaper
Police and protestors clashed in three cities in Malawi on Thursday during countrywide demonstrations over the disputed result of last month’s presidential election. Malawian President Peter Mutharika has been narrowly re-elected for a second five-year term following a hotly-contested vote, according to the country’s electoral commission. Thousands of opposition supporters participated in the demonstrations in […]
France-based power company Schneider Electric has signed a Memorandum of Understanding with Nigeria-based EM-ONE Energy Solution to build an industrial platform and create an indigenous manufacturing supply chain across the continent. The agreement aims to support Schneider Electric in optimizing project structuring; supporting the development of an industrial platform and ensure licensed manufacturing, the company […]
Namibia, which is hosting a two-day economic summit July 31 to August 1, expects to attract at least $1 billion worth of investments over the next two years. The summit, themed “Economic Revival for Inclusive Growth—Strengthening the Namibian House”, is expected to play a role in reviving the Namibian economy, creating jobs and attracting investments. […]
Morocco offers European investors and businesses a gateway to the emerging African markets, said on Wednesday in Dublin Speaker of the Irish Parliament Seán Ó Fearghaíl. The Irish official made the remarks after signing with Moroccan peer Habib El Malki an agreement to boost cooperation ties between the two countries’ legislative institutions. Mr. Ó Fearghaíl […]
Participants at the 16th session of the China-Arab States Cooperation Forum, held Tuesday in Abu Dhabi, lauded the leadership role and efforts of King Mohammed VI, Chairman of the Al-Quds Committee, in defending the Holy City of Jerusalem and supporting the resistance of its inhabitants. In the recommendations issued at the end of the […]
Galvanoplast, a French group specializing in anti-corrosion surface protection, inaugurated on Wednesday an industrial plant in the industrial platform of Tanger-Med. This facility, the group’s first outside France, was made possible thanks to the progress of the Moroccan automotive ecosystem. The choice of Morocco was also dictated by the presence of car manufacturers Renault and […]
Fifteen out of 21 countries in the Common market for Eastern and Southern Africa, (COMESA) have established dedicated Road Funds and Road Development Agencies to undertake maintenance, and development of roads for both the regional and national road networks, COMESA said on its website. The announcement was made on the sidelines of the 11th […]
CDC Group, the British government’s overseas-investment arm, said it has invested $200 million in Morocco’s BMCE bank, which seeks to develop its activities on the African continent. The British group acquired nearly 5% in the bank’s capital after the investment, part of CDC’s plan to invest $4.5 billion in the African continent, the two institutions […]
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 […]
The Arab Fund for Economic and Social Development (AFESD) has extended Morocco two loans totaling 72 million Kuwaiti dinars (about 2.27 bln MAD) to help finance two projects. The loans will finance the rehabilitation of the Mohammed V dam in eastern Morocco, and the construction of the Laayoune expressway bypass in the South. The first […]