First Independent Mena Newspaper
Morocco’s new development model emphasized the key role that Casablanca stock exchange is poised to play and set goals such as increasing market capitalization and initial public offerings. However, the stock market suffered a lethargy in recent years with fewer listings and low secondary market activity as well as a flight of foreign investors. The […]
Morocco has an active aerospace industry cluster which saw exports dip due to the pandemic but operators started to see light at the end of the tunnel, wrote Reuters in a spotlight on the industry. Morocco has set up clusters for aerospace part manufacturers that supply Boeing, Airbus and Safran. So far, Morocco produces 38% […]
The eight countries of the West African CFA franc zone plan to issue 2.723 trillion CFA francs ($4.82 billion) in debt in 2019, Reuters reported. Member countries using the West African CFA franc – a currency pegged to the euro – include Ivory Coast, Senegal, Guinea-Bissau, Mali, Burkina Faso, Niger, Togo and Benin. They share […]
Libyan forces aligned with UN-backed unity government Tuesday said they took last few buildings controlled by the Islamic State group (IS) in the city of Sirte, just one day after announcing they conquered the coastal city. Misrata forces fighting under the wing of the Government of National Accord (GNA) are still busy clearing parts of […]
Mauritania’s main opposition parties have boycotted President Ould Abdel Aziz’s call for national inclusive dialogue, which they believe is a covert agenda to maintain the Mauritania President in power after he reaches constitutional term limit. The 10-day dialogue, opened on Thursday, has lost, according to main opposition figures, its credibility as the political parties opposed […]
Morocco’s leading banking group, Attijariwafa bank, has submitted a bid to take over British Barclay’s Egypt branch, a source close to the Moroccan institution told Reuters. The transaction has been estimated at $400 million. Barclay has decided to get rid of its Egypt’s branch as part of structural adjustment policy in a move to generate […]
The Tunisian national air carrier Tunisair will proceed to financial and structural adjustment leading to 1,000 job cut in a bid to trim public spending and improve international competition, Transport minister announced on Monday. The announcement came as new Prime Minister Youssef Chahed’s cabinet was sworn in. Chahed in an address to the Tunisian parliament […]
Morocco’s state-owned phosphates company, OCP, will build a fertilizers’ production plant in Africa’s most populous country, Nigeria, several Nigerian news outlets reported after a visit to Abuja by Nasser Bourita, Minister Delegate to the Minister of Foreign Affairs and Cooperation. The new plant will help Abuja boost its agricultural sector with a potential for exports […]
Egypt could secure up to $10 billion from the International Monetary Fund (IMF) by agreeing to a structural reform program, the central Bank said on Monday. The announcement follows an earlier comment by a cabinet minister on Monday that Egypt had last week started negotiations with the IMF for a $5 billion loan. Since the […]
Libyan armed factions accused each other on Monday of launching new attacks near the country’s largest oil port, Es Sider, after a partial ceasefire was announced by the end of last week in order to pursue a U.N. sponsored dialogue in Geneva. The government in Tobruk has integrated General Haftar into the army after a […]