First Independent Mena Newspaper
Mohammed VI mosque in Conakry will welcome its first worshipers on March 29, underscoring the strong spiritual ties between the Moroccan and the Guinean people. The mosque, ordered by the Moroccan King, will open during the Friday prayer with the participation of eminent Moroccan and Guinean scholars, the Mohammed VI Foundation of African Ulema said […]
The European Bank for Reconstruction and Development (EBRD) has approved a new strategy for Morocco for the 2024-2029 period after consultation with Moroccan authorities, the private sector, civil society, and shareholders. The Bank’s country strategy supports private-sector-led economy by enhancing competitiveness and promoting Morocco’s reform agenda. It also aims to strengthen social cohesion, reduce regional […]
The African Development Bank said it has allocated $4.5 million to back projects in 14 African municipalities. In a statement, the bank said that 500,000 dollars- as part of the same funding -will be earmarked to improving the quality of urban governance including through the launch of a capacity-building and consulting program to enhance municipal […]
King Mohammed VI has vowed to diversify and strengthen the promising strategic partnership existing between Morocco and Senegal. This came in a message of congratulations the sovereign addressed to Bassirou Diomaye Faye on his election as President of Senegal. “The Senegalese people have entrusted you with the responsibility of presiding over the destiny of your […]
The Atlantic Initiative, launched by King Mohammed VI to facilitate access for Sahel States to the Atlantic Ocean, stands as a distinctive framework aimed at fostering multidimensional African cooperation, ultimately paving the way for the emergence of a new, prosperous, and stable Africa, experts and intellectuals said during a conference held on Tuesday in Rabat. […]
Russian President Vladimir Putin and the chief of Niger’s military junta, Abdourahmane Tiani, had an important phone call on Tuesday (26 March), the Kremlin has revealed, adding that both men discussed “security cooperation” and security concerns in the Sahel region. The Russian leader and the chairman of Niger’s National Council also reportedly spoke about “strengthening […]
The US Radisson hotel group plans to increase the hotels it operates in Morocco to 25 by 2030 to tap into a growing tourist market. The group plans to reinforce its presence in Casablanca and Marrakech as well as to open new hotels in Rabat, Tangier, Agadir, and Fez, said Africa director at Radisson Erwan […]
Morocco’s Bank of Africa said its 2023 profit increased 16% to 260 million dollars last year, with a net banking income of 1.7 billion dollars, up 9%. African branches contributed by 56% in this performance while Moroccan business accounted for 42% of total earnings, the bank said. Bank of Africa, previously known as […]
Tanzania’s central bank will begin selling US dollars to commercial banks to boost liquidity amid high demand for foreign currencies. “The initiative aims to ensure adequate foreign currency liquidity in the market. In addition, it intends to ensure customers’ demands for foreign currency are met through licensed financial institutions at the prevailing market prices,” the […]
Malawi declared drought disaster amid a severe rainfall shortage that compromised the landlocked country’s agriculture-dependent economy. Malawi is the second country in the region after Zambia to declare drought emergency as climate change bites, triggering dry spells such as El Nino, blamed for ravaging crops. This year, rainfall has been erratic and insufficient as drought […]