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Coronavirus pushed Morocco’s tourism promotion office to focus on domestic tourists

Morocco’s tourism promotion office (ONMT) is planning to encourage domestic tourism to compensate for losses due to the global impact of the coronavirus on international tourist arrivals. Prospects for a return to normalcy in the tourism sector before 2021 are bleak, said l’Economiste daily citing the office. “Hopes are therefore pinned on domestic demand as […]

Tunisia raises 700 million euros on Eurobond market to fund 2019 fiscal budget deficit

Tunisia Wednesday said it succeeded in raising 700 million euros on the financial bond market with an interest rate of 6.37 per cent as it sought to borrow money to cover its 2019 fiscal budget deficit. The ministry of finance in a statement said the North African country will reimburse the bond over seven years. […]

Nigeria Agenda 2050: changing playing field of resource sector

The past few days have been full of news for Nigeria’s resources sector: It was announced that Nigeria Agenda 2050 requires approximately $100 billion, with 80% expected from the private sector; Shell is set to divest its Nigerian onshore oil and gas subsidiary for $1.3 billion; and the West African country will see the launch […]