First Independent Mena Newspaper
The Africa Finance Corporation (AFC) has approved a bridge loan facility of $170 million for the construction of the 44 MW Singrobo-Ahouaty hydropower projects in Côte d’Ivoire. The deal was concluded in mid-December, when a first disbursement was made for the project, in which the AFC has also invested equity. “As our first equity investment […]
King Felipe VI of Spain and Queen Dona Letizia will pay an official visit to Morocco on February 13 and 14, at the invitation of King Mohammed VI, announced on Monday the Ministry of the Royal Household, Protocol and Chancellery in a statement. The two Sovereigns will hold official talks and will preside over the […]
Morocco has encouraged its companies to invest in Sub-Saharan Africa to an extent that its geared 90% of its foreign direct investments to the region in the period spanning from 2010 to 2018, the Financial Times reported. Ethiopia, Côte d’Ivoire and Cameroon were top destinations of Moroccan investments, the publication said. Morocco’s exports to West […]
Morocco is among the top four fastest-growing international destinations for US travelers, according to travel insurance comparison site Squaremouth, which has released its latest list of the rising destinations worldwide. While last year’s top spots were Iceland, Portugal and Vietnam, this year has brought an entirely new list of popular destinations including Morocco as the […]
Head of Moroccan Govt, Saad Eddine El Othmani, voiced on Sunday at the 32nd summit of the African Union currently held in Addis Ababa, his country’s willingness to share its successful agricultural experiences with African countries. Addressing a high level session on “Africa Agriculture Transformation Scorecard (AATS), El Othmani underlined the positive results yielded by […]
Spain gave ownership of the 106 year-old theatro cervantes to Morocco after a long shutdown in return for its restoration. The theatre will be handed to Morocco following a decision of the Spanish government in return for maintaining the Spanish cultural character of the monument. Another condition includes the creation of a Spanish cultural center […]
Africa and the Middle East installed 962 MW of new onshore wind capacity in 2018, up by more than 300 MW from a year earlier, the Global Wind Energy Council (GWEC) said Monday. The three countries that led the growth were Egypt with 380 MW, Kenya with 310 MW and Morocco with 120 MW. The […]
The family of Ahmed Khalil, from the Souaada tribe, and hundreds of Sahrawis gathered Wednesday, February 6, in front of the UN representation in Rabouni, which also hosts the headquarters of the Polisario secretariat, to claim the truth about the fate of Ahmed Khalil, who went missing ten years ago in mysterious conditions in Algiers. […]
Egypt’s President Fattah al-Sisi Sunday officially replaced his Rwandan counterpart as chair of the African Union (AU) headquartered in Addis Ababa, Ethiopia. The summit of the pan-African bloc gave Egypt the Pan-African organization’s top seat, for the first time since 2002. The rotating chairmanship moves every year between the four regions of the organization. The […]
The 80 MW-capacity facility is planned to serve three countries, namely Rwanda, Burundi and Tanzania. It should be completed in 2020, the authorities of the three countries affirm. “We want to assure the public that the deadline will be respected,” said Claver Gatete, Rwandan Minister of Energy. Once completed, the infrastructure will provide each country […]