First Independent Mena Newspaper
Japan, which lags behind other major economies when it comes to investment in Africa, has been increasingly concerned that the pandemic has weakened African economies and worsened their dependence on Chinese investment and aid. US investment in Africa is seven times larger than that of Japan, that of the UK and France is more than […]
Tunisia’s President Kais Saied is expected in December to attend the U.S. and Africa summit organized by the American President Joe Biden, the Chargé d’Affaires of the U.S. mission in Tunis has revealed. Natasha Franceschi told Tunisia’s top diplomat Othmane Jerandi Monday that President Biden will extend an invitation to the Tunisian leader. The summit […]
As Kenyans head to the polls on August 9, East Africa’s largest economy could be headed for tough times. With the country’s currency having depreciated sharply, Kenya’s Treasury will face difficulty paying back its huge dollar-denominated debt. Kenya is among developing countries facing an economic crisis, according to a recent report released by Moody’s Investors […]
French President Emmanuel Macron today (25 July) begins a three-nation tour of western African states in the first trip to Africa of his new term as he seeks to reboot his country’s post-colonial relationship with the continent. Macron’s 25-28 July tour, also the first venture outside Europe of his new mandate, will take the French […]
Morocco and the Chinese province of Shandong are exploring joint business opportunities in the sectors of construction, car industry, machinery and manufacturing, mining, pharmaceutical industry, agriculture and chemical industry. Shandong is one of the major industrial and agricultural provinces in China. Representatives of more than 80 Chinese companies attended a meeting held Monday within the […]
China’s car part maker Citic Dicastal opened in Morocco its third factory worth 190 million dollars to manufacture aluminum chassis parts. The new factory in Kenitra will be ready in six months with a production capacity of 10 million units. It will offer up to 766 direct jobs, the industry ministry said in a statement. […]
Greenland Technologies Holding Corporation, a Chinese group that develops and manufactures 100% electric industrial vehicles has signed a distribution agreement with Morocco, its first platform in Africa. The Chinese technology developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machineries and vehicles announced over the weekend it has signed a new […]
Morocco has become a key country for China in its new silk roads project, thanks to the Kingdom’s attractiveness and geostrategic location, French Magazine Le Point underlines in an article published on Thursday. “Morocco has strengthened its position as a gateway to Europe and Africa in recent years. This has not escaped the attention of […]
Morocco and China signed the implementation agreement of the Belt and Road Initiative providing for further Chinese investments in the Kingdom. In a ceremony chaired by foreign minister Nasser Bourita and Vice President of China’s committee for reform and development (NDRC) Ning Jizhe, the two countries vowed to add momentum to bilateral cooperation. The new […]
Russia’s Federal Service for the Oversight of Consumer Protection and Welfare has barred all imports of various types of vegetables and fruits from producers of several countries including Egypt over fear of contaminations, Arab Finance reports. The move, according to the federal service, is meant to prevent large-scale infectious diseases among the population. The ban […]