First Independent Mena Newspaper
France’s development agency, Agence Française de Developpement (AFD), will build 500 school classrooms across Gabon for a total investment of 154 million euros in a bid to help address the issue of overcrowding of schools in the central African country, Gabon Actu reports. Marie Sennequier, Director of the agency in Gabon, during a press conference […]
The International Monetary Fund, IMF, announced November 1 the re-election of Egypt’s ex-Minister of Investment, Mahmoud Mohieldine, as executive director and member of the board. Mohieldin represents a group of Arab states, namely Egypt, the UAE, Bahrain, Kuwait, Oman, Qatar, Jordan, Iraq, Lebanon, and Yemen, along with the Maldives. Following his re-election Mohieldin stressed that […]
Uganda is running an economy with the most developed financial sector in East Africa, which is only the latest feat that depicts a major milestone in the country’s race towards becoming a regional financial hub, with an eye to increased inflow of foreign direct investments, according to the latest study by the Official Monetary and […]
Sub-Saharan Africa’s economic activity is expected to slow significantly in 2022 and remain relatively modest in 2023 and looking ahead, the outlook remains highly uncertain, the International Monetary Fund (IMF) said in its latest Regional Economic Outlook for Sub-Saharan Africa. A downturn in advanced economies and emerging markets, tighter financial conditions, and volatile commodity prices, […]
King Mohammed VI of Morocco, accompanied by Crown Prince Moulay El Hassan, delivered, on Friday, a speech to the Parliament on the occasion of the opening of the first session of the second legislative year of the 11th legislature. Full text of the Royal Speech: “Praise be to God, May peace and blessings be upon […]
Ghana is a classic case of emerging economies in Africa and other parts of the world who have been caught in a perfect storm and are struggling to service their foreign currency denominated loans owing to a strengthening US dollar, rising global interest rates and that is made worse by their excessive borrowing. Ghana is […]
Barceló Group, a Spanish company specializing in hospitality and travel, plans to invest 47 million in the tourism sector in Morocco through the acquisition and renovation of several hotels in the Kingdom, a move that will diversify the tourism offer and stimulate private investment in the tourism sector. A memorandum of understanding to this effect […]
Dakhla, pearl of the Moroccan Sahara, signed on Tuesday a twinning agreement with Great Neck, located in the State of New York, within the frame of the decentralized cooperation set between Morocco and the United States, two allies & partner countries. The agreement was inked by president of Dakhla municipal Council, Erragheb Hormatallah and mayor […]
The French energy giant TotalEnergies has submitted an application to convert its exploration right offshore South Africa into a production right and the country’s authorities expect the company to submit a production plan within weeks to utilize a prolific offshore gas discovery that will form a key part of increasing investment in the sector. The […]
The U.S. Senate Foreign Relations Committee confirmed on Thursday Puneet Talwar as new American ambassador to Morocco in replacement of David Fischer. In his statement made before the Senate committee defending his nomination, Mr. Talwar described Morocco as a long-standing & valued partner and the first country to recognize American independence. With its strategic location, […]