First Independent Mena Newspaper
The ECOWAS Bank for Investment and Development (EBID) and the Private Finance Advisory Network (PFAN) have signed a partnership agreement to promote renewable energy within the Economic Community of West African States (ECOWAS). According to the Lomé-based financial institution, the objective of the partnership is to encourage private investment in renewable energy production in the […]
Morocco should prepare to strike a trade deal with Britain in a case of a no deal Brexit to avert losses estimated by the UN at $97 million. Morocco, Ghana and Tunisia are among African nations that would lose the most if the UK doesn’t negotiate a deal by the time it has to exit […]
US Think tank, Brookings, put in the limelight Morocco’s efforts to promote the genuine Islamic values of tolerance and moderation in Africa where the kingdom has capitalized on centuries-old ties. “Social, cultural, and religious ties between Morocco and its sub-Saharan neighbors date back centuries to robust trade exchanges and the spread of Islam in Africa,” […]
The World Bank unveiled a new plan Thursday to help African countries strengthen their human capital, setting ambitious targets to be achieved in the region by 2023. The objective of the plan is to enable Africa’s young people to grow up with optimal health and equipped with the right skills to compete in the digitizing […]
Morocco is reaping the diplomatic benefits of its south-south cooperation approach and multi-layered African policy capitalizing on soft power. The return to the African Union after more than three decades of absence was a point of inflection showing the Kingdom’s growing clout notably in West Africa, a region in which Moroccan banks and companies have […]
Gambia’s National Assembly has ratified the agreement that seeks to establish the African Continental Free Trade Area (AfCFTA). Twenty-two signatures were the minimum threshold required to approve the deal among the 55 member states of the African Union. With Gambia’s ratification, the continent’s free trade agreement has drawn enough signatures to go into operation. The […]
The US National Basketball Association (NBA), in association with the International Basketball Federation (FIBA), will launch as of January a new African Basketball League that will involve 12 African nations for a yearly tournament, Reuters reports. The first tournament in January 2020 will gather 12 national teams. Angola, Egypt, Morocco, Nigeria, Senegal, and Tunisia will […]
The African oil industry has attracted over $30-billion investment in logistics, distribution, storage terminals, import facilities and retail marketing in recent years. The information was disclosed during the fourteenth annual conference of the African Refiners and Distributors Association (ARA), held in Cape Town over the weekend. According to reports from the ARA conference, new prospecting, […]
Online marketplaces such as Jumia, Souq, Uber, and Travelstart could create around 3 million new jobs by 2025 across Africa. These digital platforms, which match buyers and providers of goods and services, could also raise incomes and boost inclusive economic growth with minimal disruption to existing businesses and workforce norms. These are among the findings […]
African ministers of finance, planning and economic development underscored in Marrakech the need for diversifying public revenue with a view to promoting public investments in the social and economic areas. This came in the closing statement of the 52nd Session of the Economic Commission for Africa’s (ECA) Conference of African Ministers of Finance, Planning and […]