First Independent Mena Newspaper
Spanish global group Himoinsa, which designs, manufactures and distributes power generation equipment, has opened a sales office in Casablanca. Himoinsa, which has been operating in the Moroccan market for 18 years, also makes a wide variety of generator sets and lighting towers. Speaking during inaugural event, Lydia Gracia, Executive Director of Himoinsa, said the opening […]
Morocco’s phosphates and fertilizer producer, OCP, signed a memorandum of understanding with the African Union Commission and the African Union’s Development Agency, AUDA-NEPAD, to develop Agriculture in the continent. The agreement was signed on the sidelines of the ongoing African Green Revolution Forum (AGRF) in Accra, Ghana, Sept. 3 – 6. The deal reflects […]
ENGIE expands its decentralized energy offering in Africa through the acquisition of Mobisol, a pioneer of off-grid solar solutions, the company announced this Tuesday in a press release. Mobisol has operations in Tanzania, Rwanda, and Kenya and has installed more than 150,000 solar home systems, providing clean and reliable energy to over 750,000 people in […]
Japanese Prime Minister Shinzo Abe on Wednesday said his country will offer enhanced trade insurance to boost private sector investment in Africa. Abe made the statement at the opening ceremony of the Tokyo International Conference on African Development opened in Yokohama on Wednesday. The meeting attended by a few dozen African leaders and representatives of […]
Over twenty African leaders are participating in the seventh edition of the Tokyo International Conference for African Development (TICAD) summit that opened proceedings Wednesday in Yokohama, Japan. The summit, held under the topic “Advancing Africa’s Development through People, Technology and Innovation” is attended by more than 4,500 delegates. Morocco is represented at the event by […]
The G7 leaders have approved about $251 million in support of the African Development Bank’s AFAWA initiative to back women entrepreneurs in Africa. French President Emmanuel Macron, as the current G7 president, made the announcement to reporters on Monday. He said the AFAWA initiative, comes from an African organization, the African Development Bank, which […]
The US “Prosper Africa” program, designed by the Trump Administration, to replace the African Growth and Opportunity Act (AGOA), would be operational by 2025. Prosper Africa aligns with the Trump administration’s Africa strategy, introduced by National Security Adviser John Bolton last December. It aims to promote prosperity, security, and stability in US-Africa relations, and […]
Cairo-based Arab Industrialization Organization (AOI), a structure owned by the Egyptian government, has announced a plan to build solar power plants in seven African countries to reduce the energy deficit on the continent. AOI will develop renewable energies and reduce energy shortages in Uganda, Congo, Tanzania, Eritrea, Somalia and South Sudan. Solar plants in these […]
With the effective establishment of the African Continental Free Trade Area (AfCFTA), trade between Morocco and Africa, which currently account for 5.4% of commercial transactions, could triple in the long term, according to the Moroccan Center of Conjuncture (CMC). The launch of the AfCFTA after long negotiations reflects the desire to foster the continent’s economic […]
Talks between African and US officials to review the African Growth and Opportunity Act (AGOA) free-trade deal ended Thursday in Côte d’Ivoire with no major deal. The African Growth and Opportunity Act, which in 2015 was extended to 2025, provides tariff-free access on 6,500 products from 39 countries, ranging from oil and agricultural goods […]