TICAD VII Family Photo

Morocco, 4th African country where innovation thrives

The kingdom of Morocco is ranked 4th African country on Global Innovation Index 2021 (GII2021) of the World Intellectual Property Organization (WIPO) that captures the innovation ecosystem performance of 132 economies, and tracks the most recent global innovation trends. Globally, Morocco ranks 77th, a poorer performance in comparison with the previous year’s ranking of 75th. […]

Egypt: Supermarkets gaining investors attraction than banks

Reports have been claiming that Dubai’s Majid Al Futtaim# (MAF) was in talks with Egypt’s Mansour Group# to buy its supermarket business in a deal valued at $200 million to $300m and it has led to Arabian Gulf firms present in Egypt to develop a zeal for expansion despite low valuations. It’s also signaling a […]

ICAO: African airlines lost $14 billion in 2020 due to COVID -19

The Covid-19 pandemic has dealt a severe blow to African transporters, who in 2020 experienced a historic drop in business. According to data published by the International Civil Aviation Organization (ICAO) last week, they have lost $14 billion in revenue in passenger transport over the past year. In 2020, the continent’s airlines recorded a drop […]