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Morocco’s tourism receipts hit record $11.2 billion

Morocco’s tourism revenue grew 7% to 11.2 billion dollars thanks to increased arrivals, the tourism ministry said. With 17.4 million tourists visiting in 2024, arrivals were two years ahead of schedule or 20% higher compared with 2023, showing the country has turned the Covid-19 page thanks to major investments in its hospitality sector. Morocco plans […]

AfDB enters new $1 billion exposure exchange with the Asian Development Bank

The Board of Directors of the African Development Bank has approved a $1 billion exposure exchange with the Asian Development Bank that aims to strengthen their capital adequacy levels and boost their lending capacity. The transaction, sealed last week, will support AfDB efforts to unlock additional sovereign lending headroom. It will also bolster continued efforts […]

France rejects Algeria’s memory blackmail

French President Emmanuel Macron has ruled out offering any apologies to Algeria over France’s colonial past while insisting on continuing reconciliation efforts between the two countries. In an interview with Algerian writer Kamal Daoud published on Le Point, Macron made it clear “I have no apologies to make.” “The only pardon I asked for was […]