Fitch Solutions upbeat outlook over Morocco’s tourism growth prospects

Morocco’s tourism arrivals will continue to expand in 2024, building on the market’s ability to recover to its pre-pandemic arrival (2019) levels in 2023, says Fitch Solutions in its latest business monitoring report. Over the medium term (2024-2028), a projected annual growth of 4.4% will be supported by the government’s 2023-2026 Tourism Strategic Roadmap, adds […]

Remittance costs in Sub-Saharan Africa remain high despite fintech’s effort to slash fees

Sub-Saharan Africa remains the world’s most expensive region when it comes to transferring remittances, with an average cost of transferring money of 8.37% in the second quarter of 2024, according to the World Bank’s most recent report. This cost remains significantly above the global average, despite the increasing importance of remittances in the region’s economies. […]

African nations embark on major airport expansion to meet soaring demand

African nations are investing billions in airport infrastructure as passenger traffic across the continent is projected to double to 300 million annually by 2040, according to the International Air Transport Association (IATA), which forecasts average growth of 5.7% per year through 2034. Ethiopia leads this transformation with plans for Africa’s largest airport near Bishoftu, 40km […]