First Independent Mena Newspaper
Africa is losing billions each year to twin economic threats: climate-induced natural disasters and illicit financial flows, a new series of reports reveal. According to a new report by the Coalition for Disaster Resilient Infrastructure (CDRI), natural disasters inflict $12.7 billion in annual damage to infrastructure across the continent. Floods alone account for nearly 69% […]
Morocco has successfully established itself as a leading economic hub for Africa through strategic investments and active economic diplomacy, according to African Union Commission President Mahmoud Ali Youssouf. Speaking at a ceremony in Addis Ababa celebrating the 26th anniversary of King Mohammed VI’s accession to the throne, Youssouf highlighted Morocco’s transformative role in continental development. […]
The Algerian government released its 2030 vision for economic development, dubbed “New Growth Model,” warning of the unsustainability of the current subsidies system and urging economic diversification to reduce dependency on hydrocarbons. “In all sectors of the public service (electricity, gas, water, rail transport, telecommunications), tariffs are kept at levels lower than the cost of […]
Morocco’s commitment to promoting trade between African countries has been highlighted during the Frontier 100 forum of initiative for Global Development (IGD) held recently in Washington. “Thanks to its geostrategic position, Morocco plays a key role in inter-regional trade. It serves as a bridge between the Maghreb, West Africa and the rest of the continent,” […]