First Independent Mena Newspaper
Benin’s Cotonou port authority (PAC) lifted Wednesday December 27 the ban on the exportation of goods to neighboring Niger. The ban was part of the implementation of sanctions against Niger by the regional bloc, the Economic Community of West African States (ECOWAS), after the seizure of power on July 26 by a junta. Bart Van […]
East African trade is threading in the wrong direction as member states of the East African Community (EAC) are trading more with countries outside the bloc rather than with each another, owing to pesky trade barriers. While trading less within the EAC, members of the regional bloc are trading more with other African countries, particularly […]
Morocco and the German Development Bank (KfW) on Wednesday formalized three loan agreements totaling 250 million euros and two grant agreements amounting to 7 million euros. The agreements are earmarked for financing three pivotal projects focused on social protection, sustainable mobility, and irrigation. These agreements were signed in Rabat by Fouzi Lekjaa, Minister in charge […]
The hijacking of commercial ships and drone attacks by the Iran-backed Houthi rebels have disrupted supply chains leading many in Europe to think of Morocco as an industrial hub and an alternative to Asia. Weeks-long attacks on commercial vessels led global shipping firms- including Denmarks’s Maersk and Taiwan’s Evergreen- to avoid the Red Sea and […]
The Malian armed forces, FAMA, announced Tuesday December 26 they dealt blows to radical Islamist militants of Ansar Dine militant group that attacked the Mourdiah Military Base in central Mali. Mourdiah base came under attack on Monday December 25. The militants claimed to have inflicted significant losses on the Malian Armed Forces. In a statement, […]
East African countries have been hit hard by higher freight costs and longer cargo delivery time, as Yemen’s Houthi rebels step up attacks on ships traveling through the Red Sea to the western end of the Indian Ocean. Ports in Kenya and other East African ports should expect slower business in the immediate future as […]
The Colombian designing and development company Quipux SAS has sold its minority shares in Abidjan-based Quipux Afrique SA, a company running integrated management center at the Transport ministry of the West African country. he company thus becomes a private company with 100% Ivorian capital. The Colombia firm sold its shares to Côte d’Ivoire, which owns […]
The United Kingdom is actively pursuing comprehensive trade and security post-Brexit agreements, the main aim being to unlock the significant opportunities abounding across the African continent, and particularly in Morocco, the gateway to Africa. Actually, since leaving the European Union, the UK has been eyeing the Moroccan market, considering it one of the promising markets […]
At least 160 people have been killed and over 300 injured in central Nigeria in a series of “well-coordinated” attacks on villages carried out by armed groups know as “bandits”, local government officials have said. On Monday (25 December), local officials said the toll of attacks by armed groups has risen to 113, increasing sharply […]
Egypt, Iraq, and Jordan are putting the final touches to start operations on the first stage of the Arab Trade Line, the first-ever shipping/logistics line connecting several countries from the Arab Gulf to Egypt on the way to European and American ports, Ahram Online reports. Work is underway to build the Taba–Arish trade/logistics railway corridor, […]