First Independent Mena Newspaper
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 […]
From 9-11 December, Tunis is hosting the first African Ministerial Meeting on Information and Communication Technology (ICT) Integration, Education, and Training. The forum is a joint endeavor of the Association for the Development of Education in Africa (ADEA), the African Development Bank (AfDB), the United Nations Educational, Scientific and Cultural Organization (UNESCO), the Organisation internationale […]
Africa must first “ensure its own security” so it can realize its “destiny”, asserted French President François Hollande when addressing some 40 African leaders as a key Franco-African security summit opened Friday in Paris. French President Hollande also pledged to help with the creation of a special African rapid-reaction force that would train as many […]
Nelson Mandela died. The announcement, although expected for weeks, is striking. How to define this loss for his country, for Africa for the world? No word is strong enough, meaningful enough to pay tribute to a humble giant. He was a giant by his devotion to justice and equality, by his courage and tenacity, by […]
“France must double its trade with Africa,” Hollande called on French business leaders during a major conference of French and African business leaders in Paris on Wednesday (4 December). If France can manage to achieve this, some 200,000 jobs will be created in France over the next five years. Hollande’s comments came ahead of a […]