First Independent Mena Newspaper
Africa is rapidly emerging as China’s most dynamic export market, fueled by a combination of shifting global trade dynamics, aggressive Chinese investment, and growing demand for infrastructure. As Bloomberg calculations based on China Customs data have revealed, in the first seven months of 2025 alone, Chinese exports to Africa soared 25% year-on-year to $122 billion […]
The Moroccan Sahara has become a magnet for investors in ports, infrastructure, energy and tourism thanks to a propitious business climate and the Kingdom’s effort to ensure global support for its sovereignty over the territory, Bloomberg wrote. “A $1.2 billion project, Dakhla Atlantic Port, is transforming a desert area into a crucial trade link, connecting […]
US agency Bloomberg has highlighted the dynamics of the Moroccan pharmaceutical industry as well as the Kingdom’s efforts to promote local production so as to foster Africa’s health sovereignty. A robust homegrown industry would help Africa ensure adequate supplies of critical treatments, said Lamia Tazi, chief executive officer of Moroccan pharmaceutical group SOTHEMA, in an […]
Taqa Morocco SA, a leading energy company in Morocco, said on Wednesday it plans to develop 1 gigawatt (GW) of wind and solar projects by 2030 to support the country’s energy transition goals. The company’s CEO Abdelmajid Iraqui Houssaini told Bloomberg that Taqa Morocco SA is also looking into investing in desalination projects to tackle […]
Morocco is considering partnering with Gautam Adani — Asia’s richest person — on a large-scale hydrogen project amid a renewable energy push to meet demand at home and in Europe. Authorities are thinking of signing final investment decisions for “at least two competitive industrial projects” in 2023, Moroccan Energy Transition Minister Leila Benali told Bloomberg […]
International financial news agency Bloomberg said it picked Marrakech to host its first conference titled “Bloomberg New Economy Gateway Africa,” in June 2023, highlighting Morocco’s climate leadership in Africa under the leadership of King Mohammed VI. Michael R. Bloomberg made the announcement on the closing day of the Bloomberg New Economy Forum in Singapore. This […]
Ghana’s cedi slumped over the last three days to become the world’s worst-performing currency this year as investors continued to squeeze foreign capital into the West African country. The currency of the world’s second-biggest cocoa producer depreciated as much as 3.3%, which took its losses this year to more than 45%, the most among 148 […]
The Nigeria-Morocco gas pipeline will open a new energy-supply route for West Africa and Europe, Bloomberg pointed out, recalling that the two countries signed Thursday an agreement that inches a long-standing proposal for a gas pipeline between the two countries closer to reality. The agreement signing ceremony took place at a time European nations are […]
The recent measures by the Tunisian President to dismiss the Prime Minister and disband parliament have been described as a “power grab” that may delay the financing deal with the IMF. Tunisia has struggled with endemic unemployment and an economic slow-down worsened by the Covid-19 crisis and pinned hope on a $4 billion loan package […]
The sinking oil and gas revenues of Algeria no longer make it an “oil country” on par with Libya or Gulf countries, wrote financial news agency Bloomberg. Bloomberg, citing a number of Algerian experts and former officials warning of the dwindling export capacity of the country, stated that in ten years Algeria will be incapable […]