First Independent Mena Newspaper
Trade between Morocco and the rest of Africa showed an average annual growth of 6.1% over the period 2009-2019, according to “Al Maliya”, the magazine of the Moroccan Ministry of Economy & Finance. The share of this trade in the Kingdom’s overall trade volume stood at 5.1% in 2019, according to data from the Foreign […]
Morocco targets meeting all its vaccination needs as well as developing production to export to Sub-Saharan Africa and the Maghreb, said Health Minister Khalid Ait Taleb. A production unit will be set up in the Mohammed VI technology city in Tangier to make all sorts of vaccines, said Ait Taleb in an interview with Russian […]
A new study conducted by a network of NGOs, including the Global Tax Justice Alliance, revealed that Tax evasion costs Africa more than $25 billion a year. As African countries are grappling with the Covid-19 pandemic, tax evasion is considered “unacceptable”, as it reduces revenues that could be spent on citizens’ health. Twenty-three billion dollars […]
More European, Latin American, and African countries have joined the scores of states from these continents which expressed support to Morocco following the Moroccan army’s peaceful action carried out Nov.13 to secure the free movement of people and goods at the Guerguarat crossing, on the border between Morocco and Mauritania. In this connection, the Commonwealth […]
The Economic and Monetary Community of Central African Countries raised €3.8 billion at a two-day round table in Paris. The Funds are destined to finance the bloc’s Regional Economic Program meant to boost growth by 2025. The program comprises 84 projects, including 11 presented as priority integrating projects. The total cost of these projects has […]
Moroccan investment fund, Outlierz Ventures, has made eight investments in Africa since its launch in 2017. The operations mainly benefited four dynamic African markets in terms of fundraising, including Kenya, Nigeria, Egypt and Morocco. The company, dedicated to technology, invests between MAD 500,000 and 5 million in companies with high growth potential. It targets […]
The French Development Agency (AFD) has earmarked €300,000 to fund a pan-African training program for museum and heritage professions in Africa to be spearheaded by Morocco’s National Museum Foundation (FNM). The grant-related agreement was signed Monday in Rabat by French Foreign Minister Jean Yves le Drian, President of the FNM Mehdi Qotbi, and AFD Director […]
The Congolese capital Brazzaville hosted on Tuesday an international symposium celebrating the 80th anniversary of the Brazzaville Manifesto, the act by which General Charles de Gaulle designated this city as the capital of Free France during the Second World War. Four African heads of state who took part in the symposium seized this opportunity to […]
The United Nations Economic Commission for Africa is concerned about the alarming decline in remittances from African Diaspora. With the global economic crisis, these Diasporas are sending less money to their countries of origin. This year, the decline is expected to reach 21% or $18 billion less than in 2019. The anti-poverty organization ONE and […]
A United Nations report, issued this week, said that illicit financial flows out of Morocco amounted to about 16.6 billion dollars during the years 2013-2014. This came in a report by the United Nations Conference on Trade and Development (UNCTAD), which revealed that the African continent loses about 88.6 billion dollars annually due to […]