Africa Business International

Madagascar: struggles and resilience of tourism sector post covid-19

Since the reopening of borders in April 2022, tourism in Madagascar has been slowly regaining momentum after two years of isolation from the rest of the world during the Covid-19 pandemic, though lack of services and soaring airfare prices have meant that the potential for tourism development has largely been left untapped. Despite an undeniable […]

Business Europe Headlines International Morocco

Spanish Barceló Group to invest $47 million in tourism sector in Morocco

Barceló Group, a Spanish company specializing in hospitality and travel, plans to invest 47 million in the tourism sector in Morocco through the acquisition and renovation of several hotels in the Kingdom, a move that will diversify the tourism offer and stimulate private investment in the tourism sector. A memorandum of understanding to this effect […]

Headlines Tunisia

Coronavirus: Tunisia unveils credit loan for tourism sector

The Tunisian Tourism Minister Wednesday announced the allocation of nearly $172 million (TND500 million) in the form of loans to help hotels cope with adverse effects of covid-19. Mohamed Ali Toumi said the credit will be available till March next year, but only for one-star to three-star hotels which lost 25 per cent of their […]

Business Headlines Morocco

Coronavirus: Moroccan Tourism sector to lose $3.5 bln

Tourism seems to be the most hit sector after Morocco shut its borders with different tourism-related businesses standing to lose 34 billion dirhams ($3.5 bln), head of tourism federation Abdellatif Kabbaj said. The tourism sector including hotels, restaurants and tour operators, employ 500,000 people whose jobs are at risk because of the consequences of the […]