First Independent Mena Newspaper
Morocco has highlighted the key role south-south cooperation can play in promoting stability and progress in Africa and pointed that the continent’s natural resources and human potential can create an “African miracle.” This came in a message that Morocco’s King Mohammed VI sent to the 25th annual meeting of the Crans Montana Forum, held in […]
Morocco’s leading telecom operator, Maroc Telecom, will acquire six African subsidiaries of its new majority shareholder UAE Etisalat for $ 650 million. By acquiring Itisalat branches in Benin, Côte d’Ivoire, Gabon, Niger, Central African Republic and Togo, the Moroccan operator will expand its activities in the continent and become a genuine telecom “hub” in French-speaking […]
Russia could be on the verge of signing an agreement with Egypt as reports claim that a delegation of advisers is in Cairo to meet with officials. Egypt is expected to buy 24 advanced MiG-35 fighter jets as part of its switch towards using Russian military hardware. Negotiations have reached advanced stages. The MiG-35 jets […]
Maroc Telecom, the leading telecommunications operator in Morocco, held its General Assembly on Tuesday (April 22) to officially celebrate the entry of the new majority shareholder, the UAE Etisalat, which acquired 53% of the company’s capital, previously held by Vivendi. Etisalat reached the € 4.2 billion deal with Vivendi in November last year after months-long […]
L’Office Chérifien des Phosphates (OCP,) the Moroccan State-owned phosphates company, said last week it raised $ 1.55 billion in the first international bond issue having a solid emitter notation organized by an African company outside South Africa. OCP thus sold 10-year bonds to yield 5.625 percent for $1.25 billion and $300 million worth bonds that […]
The United States and Morocco have renewed pledge to use their strong strategic partnership to advance shared priorities of a stable, democratic and prosperous Maghreb, Africa and Middle East. The pledge was renewed during the second session of the United States-Morocco Strategic Dialogue held last Friday in Rabat. U.S. Secretary of State John Kerry who […]
Morocco launched on Wednesday an ambitious plan meant to foster industrial growth, reinforce the country’s economic resilience, and confirm its place among emerging nations. At a ceremony chaired by King Mohammed VI, Minister of Industry Moulay Hafid Elalamy presented the details of the new 2014-2020 industrial growth strategy, which represents “an evolution of emergence towards […]
Egypt has signed a military cooperation with Africa’s youngest state, South Sudan. The deal comes at a moment when both countries are experiencing violence from groups challenging the government’s authority. The conclusion of the deal could raise eyebrows in Khartoum which also agreed a bilateral military cooperation in Cairo. Sudan and South Sudan still have […]
Algeria could be on the verge of reviewing its gas export policy to Europe due to the rising domestic demand. Sonatrach, a state owned company, could be orienting more of its exportations to Asia rather than neighboring Europe where it faces “stiff price competition.” Algeria’s gas production has been on the decline thereby affecting the […]
China and Japan are criticizing each other’s policies in Africa as each country pledges more money for the continent. While Tokyo has censured China’s foray into mineral-rich Africa, saying its approach is unhealthy for development on the continent, Beijing accuses Japan of courting African support for its effort to secure a place in the United […]