First Independent Mena Newspaper
African Development Bank (AfDB) has asked policymakers to put in place an orderly and predictable way of dealing with Africa’s ballooning, unsustainable external debt pile that reached $824 billion in 2021. Africa’s $824 billion debt burden, the servicing of which requires countries to dedicate 65% of their GDP, and opaque, non-transparent resource-backed loans hamper the […]
Algerian club “USM Alger” are facing a serious dilemma. They are torn between refusing to play the 2nd leg of their African Confederation Cup semifinal match in Berkane against local Moroccan club, Renaissance Sportive de Berkane (RSB), and risk heavy sanctions or play against RSB with their jerseys displaying a small map of Morocco, including […]
Xlinks First Ltd. has confirmed the news reports announcing a $14.1 million investment of Africa Finance Corporation (AFC), the leading multilateral financial institution, in the Morocco-UK Power Project expected to provide affordable, reliable, clean energy from Morocco to Britain within a decade. The support of AFC of Xlinks project shows the trust Morocco enjoys on […]
Appeals Jury of the Confederation of African Football (CAF) has rejected the appeal lodged by USM Alger against the decision imposed on it by the Confederation’s Interclub Competitions Committee, granting RS Berkane victory by forfeit in the first leg of the CAF Cup semi-final. The Royal Moroccan Football Federation (FRMF) said, in a statement, that […]
The Non-Aligned Movement (NAM) has commended, before the UN Security Council, the efforts of King Mohammed VI, President of Al-Quds Committee, in favor of the Palestinian cause. This came in a statement by the Permanent Delegation of Uganda to the United Nations, as Chair of the Coordinating Bureau of NAM, during an open debate organized […]
The High Representative of the UN for the Alliance of Civilizations, Miguel Ángel Moratinos, commended at a recent gathering in Madrid, the Spanish government’s endorsement of the Morocco-proposed autonomy plan for the Sahara aimed at resolving the longstanding regional dispute. Moratinos praised Spain’s stance as an “important political and strategic commitment,” during a meeting organized […]
French finance minister Bruno Le Maire said his country is ready to finance the 3MW power cable linking Dakhla in Morocco’s Sahara to Casablanca. The project was conducive to reducing the cost of energy, said Le Maire in his opening remarks at the Moroccan-French business forum. The statement confirms Paris recognizes fully Morocco’s economic sovereignty […]
Morocco’s state-owned OCP group has successfully raised $2 billion from Eurobonds sale which attracted massive investor interest, exceeding $6.2 billion, or 3.1 times the amount offered. According to press reports, the world phosphate and fertilizer giant issued 10-year and 30 year-bonds with interest rates of 6.75% and 7.5% respectively. The raised money will help the […]
Morocco and the European Union (EU) co-chaired a working meeting on Thursday in Brussels on combating terrorism through education. The meeting, part of the initiative of the Global Counter-Terrorism Forum (GCTF), was held under the theme “Education for the prevention and fight against violent extremism leading to terrorism.” During the meeting’s opening, which reaffirmed the […]
Morocco and the UN Food & Agriculture Organization have agreed on a new cooperation program worth $31.5 million destined to enhance the Kingdom’s food and water security and climate change mitigation actions. The four-year program was signed Wednesday by minister of agriculture Mohamed Sadiki and FAO representative in Morocco, Jean Senahoun, on the sidelines of […]