First Independent Mena Newspaper
Ghana’s cedi slumped over the last three days to become the world’s worst-performing currency this year as investors continued to squeeze foreign capital into the West African country. The currency of the world’s second-biggest cocoa producer depreciated as much as 3.3%, which took its losses this year to more than 45%, the most among 148 […]
The effects from the COVID-19 pandemic aftershocks and the Ukrainian crisis have led to rising commodity prices, surging inflation, and shifts in the global financial situation that have transformed African trade and production capabilities, according to the latest figures published by the International Monetary Fund (IMF). After over-performing in its post-pandemic recovery in 2021, Africa’s […]
Mali’s military government would exercise its right to self-defense if France continued to undermine the West African country’s sovereignty and national security, Mali’s foreign affairs minister Abdoulaye Diop warned on Tuesday (18 October). During a speech delivered at a United Nations Security Council briefing on Mali in New York, Diop accused France of violating Malian […]
The ministerial council chaired by King Mohammed VI has approved a draft budget that aims at fostering the pillars of the welfare state by focusing on the generalization of social protection, upgrading the education system, improving access to social housing and protecting vulnerable groups. The draft budget expects a growth rate of 4% and a […]
Tunisian bakers have gone on strike across Tunisia to protest against the government’s reluctance to disburse around 78 million euros (TND250 million) in form of subsidy. The union of bakers of the North African country issued the strike order Tuesday. Mohamed Bouanen, the chair of the union told local media Express FM, that bakers are […]
The heavy flooding in Nigeria, which has covered farms and roads and slowed shipments of food and fuel, has now displaced more than 1 million people from their homes, with the death toll already surpassing 600. The country’s authorities are struggling to free up the gridlock, as a jump in prices is already making life […]
Madagascar President Andry Rajoelina fired Tuesday the country’s top diplomat Richard Randriamandranto in connection with the UN vote last week condemning Russia’s annexation of Ukrainian regions. A decree signed by the President and the Prime Minister indicated that Defense Minister will take over the position in the interim. Local media, citing unnamed sources in the […]
Italy Tuesday donated two military helicopters to the Nigerien army in the framework of military cooperation between the two countries, news agency of the West African country reported. “As part of the military cooperation between our two countries, we have today handed over two helicopters to Niger. Next year, there will be two others,” said […]
Kenzz, an Egyptian e-commerce platform bringing shopping to the mass market, has grabbed $3.5 million in seed funding to be used to grow product categories and hire talent, Tech Crunch reports. The round was led by U.S.-based and MENA-focused venture capital firm Outliers Venture Capital and investors include HOF Capital, Foundation Ventures, and Samurai Incubate. […]
King Mohammed VI, who was accompanied by Crown Prince Moulay El Hassan, chaired, this Tuesday, at the Royal Palace in Rabat, a Council of Ministers devoted to examining the General guidelines of the 2023 appropriation bill and the adoption of a draft Dahir, three draft organic laws, three draft decrees as well as a number […]