First Independent Mena Newspaper
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 […]
Parliament of African Civil Society (PASOCI) denied the organization this year of a conference in Algeria on migration, maintaining that the event will rather be held in Rabat under the theme “Migration and development.” PASOCI said in a statement that it hasn’t given its approval to any person or organization for such a conference to […]
Morocco cannot accept that its territories serve as a safe haven for human trafficking networks and refuses to play the role of the region’s policeman, Spokesperson for the Government, Mustapha El Khalfi, said Thursday in Rabat. Mustapha El Khalfi was adamant on this issue, during the press briefing given at the end of the Cabinet […]
Morocco has called for a tripartite cooperation with China benefiting Africa’s social and economic development, one of the end-goals of the Kingdom’s new African policy. “Morocco is ready to work together with its African and Chinese partners to push forward the continent’s social and economic development,” said Minister Delegate for Africa, Mohcine Jazouli. Speaking at […]
President Emmanuel Macron of France announced Monday that a summit on the Mediterranean will be held in “the early summer of 2019” in Marseille, south-eastern France, to “find the thread of a Mediterranean policy.” “Ten years after the Union for the Mediterranean, we must find the thread of a Mediterranean policy,” said the president during […]
Faced with the prospects of a “no Brexit deal” with the European Union, the United Kingdom looks forward to strengthening its trade relations with Africa, and particularly with English speaking African countries like South Africa, Nigeria and Kenya. Prime Minister Theresa May started Tuesday a three-day African tour that will lead her to these three […]
Tanger Med was ranked as the first container port in Africa and the 45th in the world in a survey by World Top Container Ports. With a capacity of 3 million containers, the Moroccan port has handled 3,312,409 containers in 2017 that is 11% over its capacity, the Port authority said in a statement. This […]
The International Finance Corporation, a member of the World Bank Group, has teamed with Gaia Energy, a Moroccan renewable energy developer, to set up a joint platform for the development of wind power and other renewable energy projects in Africa. Gaia Energy is active in 10 countries across Africa. The new joint platform will start […]