Royal mansour

Moroccan airlines to quadruple its fleet before 2030 World Cup

Moroccan state-owned airlines RAM is speeding up its expansion as it plans to quadruple its fleet to 200 by 2030, seven years of a previously announced date. RAM will launch a tender to buy the 200 mostly medium haul airplanes by year’s end, CEO Abdelhamid Addou told Reuters at the IMF-World Bank meetings in Marrakech. […]

AU to Sanction Members Defaulting on Payment of Financial Contributions

The African Union on Wednesday called for a sanction regime against member states that would fail to make their annual financial contributions. African Union Commission chair Moussa Faki Mahamat announced the new measure in a speech at the 20th Extraordinary Session of the Executive Council of the African Union, focused on the continental reform agenda, […]

Tanzania doubles its FDI inflows to over $1bn in 3Q, reflecting investor confidence

Tanzania’s Foreign Direct Investment (FDI) figures went up almost twofold year-on-year to $1.05 billion between July and September against $524.4 million in the same period last year, a positive development that is widely attributed to growing investor confidence in the East African country. Released by the state-run Tanzania Investment Centre (TIC) in its quarterly bulletin […]