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Morocco’s tourism boom attracts Spanish conglomerate Hotusa

North Africa Post

Following suit to other major Spanish hotel groups, conglomerate Hotusa revealed plans to have a footprint in Morocco through its hotel subsidiary, Eurostars Hotel Company. The group disclosed, in a recent announcement, that it would inaugurate three hotels in the North African Kingdom, with openings slated for 2024 and 2025. The inaugural property, Eurostars Casa […]
Egypt Emerging Markets Headlines Morocco

Egypt, Morocco to bolster cooperation in water resources sustainable management

North Africa Post

Morocco and Egypt have signed a memorandum of understanding (MoU) providing for an enhanced cooperation in the field of sustainable management of water resources. The MoU was initialed in Dubai on Monday, on the sidelines of COP28, by the Moroccan and Egyptian Ministers of Water, Nizar Baraka and Hani Sweilem. The agreement aims to strengthen […]
Africa Energy International

Paris-headquartered Maurel & Prom pledges to invest $85m in Gabon

North Africa Post

Maurel & Prom, an oil company based in Paris, has announced it will invest $85 million to develop its activities in Gabon this year after spending $67 million in the African country last year. Maurel CEO Olivier de Langavant indicated that planned investment in Gabon is a chunk of the company’s total 2023 investment put […]