First Independent Mena Newspaper
King Mohammed VI received on Friday in Rabat visiting Russian foreign minister Sergei Lavrov who hailed on this occasion the regional and international leadership of the Moroccan sovereign. Talks between the two sides covered several regional and international issues of common interest, particularly in the Middle East and Africa, said a statement issued by the […]
Russia remains in favor of a “mutually acceptable” solution for the Sahara issue in line with Security Council resolutions, Russian Foreign Minister Sergey Lavrov reiterated in Rabat Friday. The Sahara conflict, which has “long lasted”, requires a mutually acceptable solution on the basis of the UN Security Council and with the involvement of all parties, […]
The Egyptian club, Pyramids FC, which belongs to the Chairman of the Saudi General Entertainment Authority, has angered Morocco after the team posted on social media a map of the North African kingdom without the Sahara. Pyramids FC owned by Turki Al-Sheikh, is based in Cairo and plays in Egypt’s football top league. The 37-year […]
Authorities at Paris-Orly airport in the French capital Thursday suspended temporarily activities after security forces suspected the content of a carry-on bag of a woman traveling onboard a Casablanca-bound flight of Moroccan carrier Royal Air Maroc. Security forces at the airport detained a woman, a journalist of renowned fashion magazine, who was traveling to the […]
African-focused start-up Andela has raised $100m in a tour in United States, led by Al Gore’s Generation Investment Management. Andela, founded in 2013 to train African software developers and help them get hired by global companies, said it would use the most recent cash injection to expand the business and improve its internal data tools […]
The African Development Bank (AfDB) will invest up to $25 million in a private equity fund for renewable energy projects across Sub-Saharan Africa. According to the continental lender, the Board of Directors has approved an equity investment of up to $25 million in ARCH Africa Renewable Power Fund (ARPF), a $250 million private equity fund […]
Uganda’s Xsabo Power Limited, which has constructed a new 24 MW solar power park in conjunction with the Uganda Electricity Transmission Company, said it plans to invest $200 million in the generation of solar power to boost the energy sector of the East African nation. According to Xsabo’s Managing Director and CEO, David Alobo, the […]
Morocco has attracted a steady flow of foreign direct investment, unlike the rest of North Africa, which has seen a sharp decline in FDI, said the Financial Times in a story published Thursday. While many economies in North Africa have struggled to bring back foreign investors, Morocco has fared better than most. It has a […]
Norwegian authorities early this week held in the presence of Morocco’s ambassador, the funerals of the 28-year old student killed mid-last month along wirh her Danish friend, in the Moroccan Atlas Mountain. Maren Ueland from the town of Time was killed in the Atlas Mountain in the night of December 16-17 in what Moroccan authorities […]
The International Monetary Fund (IMF) in a report released on Wednesday announced that the economy of Sub-Saharan countries should rise this year. In its World Economic Outlook Update, titled ‘A Weakening Global Expansion’, the Washington-based Fund indicated that economic growth in Sub-Saharan Africa should pick up in 2019, forecasting a 3.5 per cent growth for […]