First Independent Mena Newspaper
The renewed flare-up in Israeli-Palestinian conflict has caused an outrage across Africa but it has also prompted heated debates in different countries in the continent about how to reconcile the gap between their economic and trade goals and their political and cultural realities. Thousands of protesters have marched across the Middle East and Africa on […]
With the interest rates likely to stay high in 2024, governments across Africa are presented with a unique challenge and dilemma as they struggle to pay off rising levels of accumulated debt at the same time as they are being urged by the International Monetary Fund (IMF) to cut costly fuel subsidies and raise more […]
A UN agency has given Zambia and Zimbabwe permission to build a $5 billion hydropower dam downstream from Victoria Falls, a UNESCO World Heritage Site, according to the authority overseeing its construction. Environmentalists have protested the 2,400-megawatt Batoka Gorge project, which is located 47 kilometers from the world’s largest waterfall, saying it would have a […]
The International Monetary Fund (IMF) Managing Director Kristalina Georgieva hailed Wednesday the progress made in restoring debt sustainability globally including Chad, at a meeting of the G20 Finance Ministers and Central Bank Governors in India, “Zawya reports”. The central African country in November 2022 reached an agreement with its creditors, notably Swiss commodities trader Glencore, […]
The Moroccan economy has made remarkable progress and impressive export growth, particularly in industrial sectors such as automotive and renewable energies, said Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva. “Morocco has exported 700,000 cars, which shows the country’s upward trend in this highly competitive sector. The North African Kingdom also manufactures aircraft […]
The World Bank has agreed to provide Morocco $350 million additional funding to support the country’s social protection system, especially AMO-TADAMON destined for vulnerable populations (women, children & people with disabilities) and isolated populations in rural or remote areas. The new loan comes after the $400 million disbursed in 2020 to mitigate the impacts of […]
Egypt’s national carrier EgyptAir has added new routes serving India and the United Kingdom, namely Cairo to Manchester and Cairo to New Delhi. The Manchester-bound flights will kick off on July 15 with plans to operate five weekly round trips on Tuesdays, Thursdays, Fridays, Saturdays, and Sundays, using the Boeing B737-800NG model. The first flight […]
Ghana, formerly praised for its stability and good governance, is finally getting some breathing room after Ghanian officials announced last week (18 May) that the $3 billion bailout for the West African nations had finally been approved by the International Monetary Fund (IMF) Ghana has been facing a severe economic crisis since the onset of […]
Nearly 13 million children in Africa missed one or more vaccinations and 8.7 million didn’t receive a single dose of any vaccine between 2019 and 2021, after Covid-19 caused service disruption, strained health systems, diverted scarce resources, while conflicts, climate change have driven this decline on the continent, a new report from United Nations Children’s […]
Africa’s travel market is open again and experiencing a boom, despite the serious damage the industry sustained due to the Covid-19 pandemic — this is a sentiment expressed by an estimated 600 exhibitors at the World Travel Market (WTM) Africa, the continent’s biggest and most important travel and tourism event that has officially opened its […]