First Independent Mena Newspaper
The African Union on Wednesday called for a sanction regime against member states that would fail to make their annual financial contributions. African Union Commission chair Moussa Faki Mahamat announced the new measure in a speech at the 20th Extraordinary Session of the Executive Council of the African Union, focused on the continental reform agenda, […]
Listening to the voice of youth and addressing their challenges have topped the concerns of the Moroccan Monarch whose tours in the country and the continent have always attached paramount importance to youth wellbeing and future. To mention but a few initiatives led by King Mohammed VI, on Thursday, he inaugurated in Marrakech two sports […]
The International Finance Corporation (IFC) has sealed an agreement with Atlantic Microfinance for Africa (AMIFA), a subsidiary of the Moroccan Banque Centrale Populaire (BCP) Group, for developing new products and services to boost financial inclusion in Sub-Saharan Africa. The agreement will enable AMIFA to strengthen the development capacity of its microfinance program in Sub-Saharan Africa […]
Public funding alone is not enough to achieve the Sustainable Development Goals (SDGs) said participants in the Global Forum organized Tuesday in Marrakech by the European Bank for Reconstruction & Development (EBRD), FAO and EU. They also called on international financial institutions to leverage private investments to tackle global challenges in food and agriculture. The […]
South Korea has selected Morocco to provide training for African managers in the automotive industry as the North African Kingdom has become a major global player in the sector. A Memorandum of Understanding has been signed in this regard by Moroccan minister of National Education & Vocational Training, Saïd Amzazi and Korea’s ambassador to Rabat […]
Morocco topped the podium of the biggest car producers in the African continent, outpacing South Africa, the Wall Street Journal reported. In 2017, Morocco’s two leading car factories in Tangier and Kenitra achieved a joint output of 376,000 cars, worth 70 billion dirhams. In South Africa, only 331,000 cars were made the same year. Between […]
The Moroccan International cooperation agency (AMCI) and the UN office for south-south cooperation (UNOSSC) signed a Memorandum of Understanding to promote cooperation between countries of the south notably those in the African continent. The agreement is in line with Morocco’s foreign policy underpinned by a south-south drive permeated by co-development and solidarity. It comes as […]
Morocco’s BCP bank started talks with French BCPE bank to buy major stakes in four of its African banks. BCP said in a statement it aims at acquiring BPCE’s controlling stakes in Cameroon, Madagascar, Congo and Tunisia. The French bank owns 68.5% of Banque Internationale du Cameroun pour l’Épargne et le Crédit (BICEC); 71% of […]
Morocco-Spain route emerged as the prime destination for Sub-Saharan migrant mostly fleeing poverty in Africa. The North African country has so far averted 54,000 crossing attempts as trafficking gangs make enormous gains. Government spokesman, Mustapha El Khalfi, said the country can no longer let its territory shelter human trafficking networks and refuses to play the […]
The European Commission President Jean-Claude Juncker in a keynote speech on Wednesday said Europe will propose a new alliance with Africa that will create up to 10 million jobs. In his State of the Union speech, Juncker said the European Commission is proposing a new ‘Africa – Europe Alliance for Sustainable Investment and Jobs’ to […]