First Independent Mena Newspaper
Morocco is featured among the top stars of hotel development in Africa along with Egypt, Nigeria, and Ethiopia, according to the 11th annual survey by W Hospitality Group. The four countries head the top ten by numbers of rooms in the internationally-branded hotel development pipeline, with Egypt showing 15,158 rooms in 51 new hotels. According […]
The World Bank’s new president, David Malpass, announced over the week plans to boost lending to African countries to help fight poverty. Malpass made the statement after touring Madagascar, Ethiopia and Mozambique on April 29-May 3. He met with these countries’ leaders and stakeholders and visited World Bank-funded projects. Africa is working at reducing poverty […]
The Economic Commission for Africa (ECA) has joined the continent’s journalists to celebrate World Press Freedom Day, emphasizing the important role of the media in facilitating free and fair electoral processes in Africa and pushing forward democratic processes. The event, hosted this year by Ethiopia, features various activities to mark the day and also assess […]
The African Development Bank has signed a $50 million risk participation agreement, APR, with investment and corporate bank Natixis. The 50/50 risk-sharing agreement covers a portfolio of commercial transactions totaling $100 million, which will support commercial operations worth $600 million in Africa over the next three years, said the African financial institution in a press […]
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 […]