First Independent Mena Newspaper
Morocco is steadily advancing toward its goal of 300,000 tons of aquaculture production and 30,000 jobs within the next decade, positioning aquaculture as a new engine for sustainable growth and innovation, says a report released lately by the World Bank. Morocco’s aquaculture offers investors huge opportunities with the rise of domestic seafood consumption due to […]
A World Bank report released this week estimated that Libya’s economy suffered losses amounting to $600 billion over the past decade, calculated at 2015 constant values. These staggering losses underscore the severe impact of prolonged conflict and political instability on the nation’s economic potential. The report highlighted that without these disruptions, Libya could have achieved […]
One-half of the world’s 75 poorest countries — more than half of whom are in Sub-Saharan Africa — are facing a widening income gap with the wealthiest economies for the first time this century in a historical reversal of development, according to a new report released by the World Bank. The report unveiled this week […]
African economy is expected to grow by 3.4% this year and 3.8 in 2025, said the World Bank, noting that the rate was not enough to curb poverty. The continent needs higher growth rates to help at least 462 million people in sub-Sahara who were still living in extreme poverty by 2023, the World Bank […]
Only 22% of the population in sub-Saharan Africa had access to mobile internet services at the end of 2021, says a recent report by the World Bank, arguing that lack of mobile internet access is hampering job creation and poverty reduction in the region. Despite the increased connectivity of the world, there are still significant […]
High transport costs across Africa continue to hinder regional integration on the continent since large-scale transport infrastructure investments require huge investments, according to a recent World Bank report titled ‘How Does Infrastructure Support International Trade?’ The World Bank report argues that global trade has contributed to economic growth and poverty reduction in the past three […]
Morocco is among the countries most exposed to geological and climate-related hazards in the Middle East and North Africa (MENA) region, says the World Bank in a recently-published report, noting that although Morocco does not contribute as much to climate change as more industrialized nations, it has still experienced the effects of the global climate […]
Algeria’s military regime has hit a new low in its response to a World Bank report warning of worsening poverty and bleak economic prospects in the country. In a 60-page report, the World Bank pointed to a series of dysfunctions in the oil and gas reliant Algerian economy which augur ill for the country’s economic […]
The kingdom of Morocco is expected to receive $9.3 billion this year in terms of remittances from Moroccan expatriates, representing the third largest on the continent, right behind Egypt and Nigeria, a World Bank report revealed. Compared with last year data, Morocco will witness a 25.76 per cent increase, according to data published in the […]