North Africa Post
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Emerging Markets Finance Headlines Morocco

Morocco heads towards new tourism revenue, remittances record in 2024

North Africa Post

In the first ten months this year, tourism revenue and remittances from Moroccans abroad steadily increased on the way to break last year’s record. Tourism revenue grew to $9.7 billion, while remittances from Moroccans living abroad reached nearly $1 billion, auguring well for the country’s foreign exchange reserves, currently covering 5.5 months of import needs. […]
Business Emerging Markets Headlines

Africa’s 2023 investment hotspots list dominated by Kenya, Egypt, Nigeria and S.Africa — report

North Africa Post

Kenya, Egypt, Nigeria, and South Africa have emerged as the top investment destinations in Africa for funding in 2023, as the quartet of markets collectively accounted for a dominant 68% share of the continent’s total investment influx last year, according to a new report. The report entitled ‘The Africa Investment Report 2023’ provides a compelling […]
Africa Business Emerging Markets Headlines International

Angola’s diamond sector to be advanced by new De Beers deal with state-owned companies

North Africa Post

London-based De Beers Group and Angolan state-owned companies have signed a memorandum of understanding (MoU) pledging to collaborate on opportunities to increase diamond production, to advance Angola’s alluvial mining sector and enhance social development for the benefit of the country’s citizens. To support these objectives, the MoU was inked between De Beers and Angola’s National […]