First Independent Mena Newspaper
The end of the era of expensive oil has put strains on the budgets of Nigeria and Algeria pushing the first to seek foreign borrowing while the latter adamantly sticks to zero borrowing policy at the expense of starving its population. Nigeria, which has a more diversified economy compared to Algeria, is knocking on the […]
The fight for the climate is at the heart of a two-day international virtual summit organized by U.S. President Joe Biden, on the occasion of Earth Day. On the African continent, signs of climate change are multiplying. Joe Biden’s initial announcements indicate a willingness to reduce carbon emissions. To set an example, Biden announced that […]
The Morocco Africa Cultures and Developments Organization (OMA) and a Nigerian business delegation signed, Monday in Rabat, a partnership agreement providing for the setting up of a Nigeria-Morocco Business Council. By bringing together business operators from the two countries, the council will help support the various memoranda of understanding signed by the heads of […]
Nigeria’s President Muhammadu Buhari thanked king Mohammed VI for the success of a Moroccan-Nigerian project under which Morocco will build a 1.3 billion fertilizers plant in Nigeria. ‘’We are well on our way to becoming a regional and global fertilizer power house,’’ said President Buhari on his official twitter account after announcing the signing by […]
Morocco’s phosphate group, OCP, has secured a $350 million loan facility from the African Export-Import Bank (Afreximbank) that will support the Group’s expansion plans across Africa. The Pan-African multilateral EXIM Bank announced earlier this week the signing of the 7-year $350 million term loan facility to provide financing to OCP Group. The bank, through its […]
Following the telephone conversation held last month between King Mohammed VI and President Muhammadu Buhari, a Nigerian delegation led by minister of Petroleum Resources Timipre Marlin Sylva is visiting Morocco to set out the next steps of the $1.3 Bln fertilizer production plant project launched in June 2018. Spearheaded by OCP Group and the Nigeria […]
King Mohammed VI and President Muhammadu Buhari of Nigeria have expressed their shared determination to carry out, as soon as possible, the strategic projects between the two countries, particularly the Nigeria-Morocco Gas Pipeline and the creation of a fertilizer production plant in Nigeria. This came during a phone talk that King Mohammed VI had this […]
Nigeria partially reopened its land borders after almost a year and a half of closure. This decision was intended at the time to combat smuggling and encourage local Nigerian production. This reopening is a surprise decision, as was the announcement of the closure of the borders in August 2019. The commercial isolation ordered unilaterally, without […]
Algerian Foreign Minister Sabri Boukadoum pinned high hopes on his recentb visit to African heavyweight Nigeria to gain some support for Algeria’s anti-Moroccan stance in support of Polisario separatism and banditry. But, he returned empty-handed save some ink on paper regarding projects to which both Nigeria and Algeria never showed genuine interest. Pro-regime Algerian media […]
A ministerial mission of ECOWAS arrived in Côte d’Ivoire to meet the various political actors. The opposition no longer recognized the legitimacy of the institutions in charge of organizing and validating the elections, scheduled for October 31, and demanded the withdrawal of the candidacy of outgoing President Alassane Ouattara for a third term. Will this […]