First Independent Mena Newspaper
The COVID-19 pandemic and the ongoing war in Ukraine have been pushing many electric grid utilities in Africa — which have long been strapped for cash — close to financial collapse, whereby this situation is in turn also slowing down the continent’s clean energy transition. Ghana’s electric grid is in dire straits. In the mid-2010s, […]
The Saudi Central Bank (SAMA) Tuesday issued operation permits to “Lean Technologies” and “Mod5r”, two companies which will provide Open Banking Solutions. The permits are in line with the Council of Ministers’ decision in the second quarter of 2022, which provides for the adoption of the Fintech Strategy containing the supreme directive order for the […]
King Mohammed VI on Saturday delivered a speech to the Nation on the occasion of the 69th anniversary of the Revolution of the King and the People. Here follows the full text of the royal speech: “Praise be to God, May peace and blessings be upon the Prophet, His Kith and Kin Dear Citizens, Today, […]
Egypt’s President Abdelfattah al-Sisi has named Hassan Abdallah as acting governor of the central bank of the country after the former chief resigned Wednesday. Abdallah until the appointment Thursday was Chairman of the Board of Members of the United Media Services Group (UMS). The 62-year old man replaces Tarek Amer who resigned Wednesday but was […]
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 […]
The European Investment Bank (EIB) and Banque Misr have signed two technical assistance agreements to support small- and medium-sized enterprises (SMEs), Arab Finance reports citing emailed press release on July 6th. The first program will bolster Banque Misr’s credit risk management and help it adopt SME financing best practices. The second according to the statement […]
The online investment guide (iGuide) to Mauritania was officially launched in Nouakchott last week. Designed to provide intelligible, reliable and up-to-date information on the relevant laws, regulations, costs and opportunities, this investment promotion tool is now ready to serve the national and global investment community, reported the UN Economic Commission for Africa. The website covers […]
Morocco, which has an arable land of 8 million hectares and great agro-climatic wealth, generates a diversified agricultural production, says the Euro Med Invest Business Guide. The share of agriculture in the GDP varies from 10 to 15 pc from one year to another – to which adds about 4 pc for agro-industry, says the […]
Qatar is emerging as a key investor in Tunisia with a total investment worth $1 billion injected over the past three years. The $1 billion amount according the Chairman of the Qatar Chamber of Commerce and Industry, Sheikh Khalifa Bin Jassim Al-Thani, is mostly directed towards tourism, telecommunications and financial sectors. Sheikh Khalifa announced the […]
Real Madrid star Cristiano Ronaldo “CR7” is to inaugurate a hotel in Casablanca as part of a series of other tourism resorts he is planning g to acquire in the North African country. The information, kept secret, was blown by Casablanca-based Arabic daily Al Akhbar. According to the daily the Portuguese superstar has acquired a […]