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Morocco emerges as African wealth hub despite persistent inequality

Morocco has solidified its position among Africa’s leading wealth centers with 7,500 millionaires, representing a 40 percent increase over the past decade, according to the Africa Wealth Report published recently. This growth trajectory places the kingdom third continentally, behind South Africa’s 41,100 millionaires, Egypt’s 14,800, and ahead of Nigeria’s 7,200 wealthy individuals. Casablanca remains Morocco’s […]

GITEX Africa: IFC ramps up investment in Morocco with $1.1 Bln for 2025

The International Finance Corporation (IFC) will be investing more than $1.1 billion in Morocco this year, compared to $600 million in 2024 and less than $400 million in 2023,” said David Tinel, the institution’s Regional Representative for the Maghreb. In an interview with MAP, on the sidelines of GITEX Africa Morocco 2025, Tinel expressing great […]

Togo to be pilot country for Trump’s Prosper Africa – Official

The US “Prosper Africa” program, designed by the Trump Administration, to replace the African Growth and Opportunity Act (AGOA), would be operational by 2025.   Prosper Africa aligns with the Trump administration’s Africa strategy, introduced by National Security Adviser John Bolton last December. It aims to promote prosperity, security, and stability in US-Africa relations, and […]