First Independent Mena Newspaper
The European Bank for Reconstruction and Development (EBRD) has announced a loan of €110 million to support the development of an economic zone within the Nador West Med industrial port complex, located in Morocco’s Oriental region. This is the Bank’s third investment in the Nador West Med complex, following the provision of financing in 2015 and […]
Nigeria is preparing a new law that would make crypto assets legal in the country, ending years of ambiguity and legal void. Under the new law, a crypto asset is defined as “a digital representation of value that can be transferred, digitally traded and used for payment or investment purposes.” The new legislation will end […]
Morocco, as chair of the African Union’s Peace and Security Council (AU-PSC) for March, reaffirmed on Wednesday in Addis Ababa that fighting violent extremism requires a proactive approach focused on prevention and reintegration. Morocco’s Permanent Representative to the AU and UNECA, Mohamed Arrouchi, who chaired a PSC videoconference meeting devoted to “deradicalization as a leverage […]
Morocco has established itself as a key player in renewable energy, offering numerous investment opportunities in this sector, Brussels-based SolarPower Europe states in a report. The report, released Tuesday March 18, explores the numerous investment opportunities within Morocco’s solar sector, highlighting the country’s market dynamics, regulatory frameworks, as well as concrete recommendations to accelerate solar […]
France has re-imposed visa requirements for holders of Algerian diplomatic passports, in reaction to Algeria’s refusal to take its nationals expelled by France for violating local laws. Some 10,000 members of the Algerian nomenklatura and their families have diplomatic passports, offering them visa-free access to France under a bilateral deal signed in 2007. French interior […]
The number of Moroccan firms in the list of the 500 largest companies in Africa grew to 54, highlighting the expansion and diversification of Moroccan businesses on the continent. The ranking, issued by Jeune Afrique, shows the growth of Moroccan firms operating in key sectors such as banking, telecommunications, agro-industry, and infrastructure. These Moroccan giants […]
Hamburg’s supreme court has agreed to extradite Mohamed Boudrika, former president of Raja Casablanca football club, who is wanted in Morocco on charges including embezzlement and fraud. Boudrika was arrested last July in Hamburg following an arrest warrant filed by Morocco. He will face trial in Morocco for financial crime accusations. A court in Casablanca […]
The Economic Community of West African States (ECOWAS) has called for immediate action to combat a worsening food crisis affecting millions across West Africa and the Sahel. Speaking at the third meeting of the Regional Food Security Reserve Management Committee, which opened in Nigeria’s capital Abuja on Tuesday, ECOWAS officials warned that without proactive measures, […]
Somali president Hassan Sheikh Mohamud narrowly escaped an assassination attempt on Tuesday when his convoy was targeted by a roadside bomb in Mogadishu. The bomb exploded near the presidential palace as the president’s motorcade was leaving the building en route to the airport. The militant group Al-Shabaab, which has long waged attacks against the Somali […]
President Bola Tinubu has declared a state of emergency in Nigeria’s oil-producing Rivers State, suspending the governor, deputy governor, and all state lawmakers amid escalating security concerns and political upheaval. The dramatic intervention follows reports of militant attacks on critical oil infrastructure in the strategically vital region. In a televised national address, Tinubu cited “disturbing […]