First Independent Mena Newspaper
Sub-Saharan Africa is facing a severe financing squeeze that, on the back of a series of unprecedented shocks, has driven up borrowing costs, weakened regional currencies and cut countries’ access to international capital markets, the International Monetary Fund (IMF) has warned. This “big funding squeeze”, which is the most serious issue facing sub-Saharan Africa, is […]
Some 174 Nigerian Micro Small and Medium Enterprises (MSMEs) have benefited from a European Union funded facility to produce high-quality Personal Protective Equipment (PPEs) and health-care related products. The MSME companies have been empowered after three years of implementing the EU-funded program which was launched in response to Covid-19 containment measures, aimed to strengthen the […]
Strategies are needed to avoid debt crises that developing nations are currently facing, including the urgent need to find as much as $2.5-trillion over five years to meet external debt-service costs as interest rates rise and poorer countries struggle to refinance borrowings, according to a recent study. The findings published by the Bill & Melinda […]
The inroads made by Morocco at the economic and diplomatic levels in Africa bother Berlin, as a leading German international relations think tank has called on the EU to help a weakening Algeria counterbalance Rabat’s increasing influence in the continent. Morocco recalled its ambassador to Berlin in May in protest over Germany’s hostile positions towards […]
The World Food Program has warned in its 2020 Global Hotspots Report that millions of people in Zimbabwe, South Sudan, Democratic Republic of Congo and the Central Sahel region will require life-saving food assistance in the coming months. The sheer scale and complexity of the needs will stretch the UN food relief agency’s capacity to […]
Morocco’s renewable energy agency (MASEN) and the African Development Bank (AfDB) agreed to join forces to develop renewable energies in Sub-Saharan Africa. “The goal of this partnership is to support African countries, especially those in the Sahel region targeted by the ‘Desert to Power’ initiative, to develop renewable energy technologies adapted to their natural environments […]
The International Finance Corporation (IFC) has sealed an agreement with Atlantic Microfinance for Africa (AMIFA), a subsidiary of the Moroccan Banque Centrale Populaire (BCP) Group, for developing new products and services to boost financial inclusion in Sub-Saharan Africa. The agreement will enable AMIFA to strengthen the development capacity of its microfinance program in Sub-Saharan Africa […]
Morocco has comparative advantage in terms of sharing experience and expertise in Africa, notably in renewable energies, an area of excellence in the North African Kingdom, said the Financial Times. In an article by Siona Jenkins titled, Morocco Capitalises on Early Lead in Renewables, the British paper sheds light on the continental leadership of Morocco […]
Morocco, land of tolerance, peace and co-existence, will host January 25-27 in Marrakech an important conference on the rights of religious minorities in Muslim countries. The list of attendees include eminent religious leaders from Pakistan, Iran, Iraq, Nigeria, Saudi Arabia, Turkey, Egypt and many other Muslim countries. The conference, which is expected to issue a […]
“Africa has the potential to be the next center of global economic growth… and despite its many challenges, Africa is a place of incredible dynamism, some of the fastest-growing markets in the world, extraordinary people, extraordinary resilience,” President Barack Obama said. In a speech at the White House celebration of the signing of the African […]