Business Emerging Markets Headlines Morocco

Morocco to break new tourist arrival record in 2023

Morocco is poised to attract at least 14 million tourists this year, breaking 2019 arrival record of 13 million, tourist minister Fatima Zahra Ammor said. The earthquake and the war in Gaza has prompted some tourists from emerging markets to cancel their bookings, she told Medias24, but arrivals from the European main tourist emitting markets […]

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President of Comoros commends Moroccan King’s enlightened vision for a prosperous, autonomous Africa

The President of the Union of the Comoros, Azali Assoumani, commended King Mohammed VI’s enlightened vision for a prosperous and autonomous Africa, enjoying the place it deserves on the international stage. Speaking at the close of the 15th edition of the MEDays Forum, the Comorian Head of State and acting chairman of the African Union […]

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Morocco, UAE upgrade cooperation in fight against terrorism financing, weapons proliferation

Morocco’s National Commission for the Implementation of Sanctions Imposed by UN Security Council Resolutions on Terrorism, Arms Proliferation and their Financing (CNASNU), and the Executive Office for Control and Non-Proliferation of the United Arab Emirates (UAE), signed a Memorandum of Understanding (MoU) in Dubai on Thursday, to strengthen and develop means of cooperation and partnership […]

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Rabat in 2024: “The City of a Thousand Charms, Between Cultural Novelties and Modern Luxury”

Conde Nast Traveler hails the Moroccan capital for its dynamic music festivals, prestigious architecture and luxury hotels, thus raising it among the jewels of travel and one of the best destinations in Africa. The Moroccan capital of Rabat may be one of the country’s four imperial cities, but it’s long been bypassed by travellers drawn […]

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Côte d’Ivoire launches Lobo gold mine expected to generate $259m in proceeds

Australian gold explorer and developer company Tietto Minerals has inaugurated a gold mine in Côte d’Ivoire for a total investment of $278 million. The mine is expected to generate $259 million revenues for the Ivorian State, ‘Sika Finance’ reports. The mine dubbed Lobo is named after the river housing it. It is situated in Daloa […]

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Chad approves establishment of independent anti-corruption watchdog

The Chadian Parliament Thursday November 16 voted largely for the creation of an independent anti-corruption Agency to curb the phenomenon that the lawmakers argue has deteriorated the climate of business. Ramatou Mahamat Houtouin, the Secretary General of government presented the government proposal before the Parliament. 145 lawmakers voted in favor of the proposal while three […]

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Packaging: Austria’s Alpla Company invests in Morocco, gateway to regional market

Austrian packaging leader Alpla announced on Thursday the acquisition of a majority stake in Atlantic Packaging firm of Moroccan Diana Holding and the setting up of a joint venture “ALPLA Morocco” to meet growing demand. In a press release issued Thursday, Alpla group said the transaction will enable it to enhance its presence in North […]

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Beijing to revive Tazara railway as EU, US seek to challenge China’s dominance in key African trade corridor

China is reportedly on track to control the ailing African Tazara railway connecting Tanzania and Zambia, originally funded by Mao Zedong’s government in the 1970s, despite geopolitical needling over control of mineral trade routes. Amid growing geopolitical tensions over the control of trading routes for critical minerals in Africa, China has chosen the China Civil […]

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Dakhla: Falcon Capital Dakhla inks construction of green hydrogen production plant with French HDF Energy

Moroccan utility system construction company ‘Falcon Capital Dakhla’ has signed a partnership deal with French HDF Energy to build a green hydrogen production plant for a total investment of $2 billion in the kingdom coastal region of Dakhla. Dubbed White Dunes, the project seeks to produce some of the most competitive green hydrogen in the […]

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Senegal: Macky Sall unveils Kédougou airport

Senegal’s President Macky Sall inaugurated Wednesday November 15 Kedougou airport, in South-East of the country, as part of his economic tour in the build-up to his exit from power. The airport had been rehabilitated and saw the upgrade of the security. Seydou Bâ, CEO of regional airports told media that the airport is now fully […]