Africa Business Emerging Markets Europe Headlines International Morocco

Cooperation with Accor group to bolster tourism industry in Morocco discussed in Rabat

Means to upgrade cooperation between Accor group and Morocco to bolster the tourism industry in the Kingdom were discussed at a meeting held in Rabat Thursday between the tourism group’s CEO Sébastien Bazin and Head of Government Aziz Akhannouch. Talks focused on strategies to advance Morocco’s tourism sector, particularly in anticipation of the 2030 World […]

Business Emerging Markets Headlines Morocco

Nearly 6 million tourists visited Morocco in Jan-May 2024- Minister

Morocco’s tourism sector is poised to outperform last year’s record with the arrival of 6 million tourists in the first five months of this year, tourism minister Fatima Ezzahra Ammour said. The number of arrivals was 770,000 higher compared to the same period last year, as Morocco continues to attract international hotel brands to invest […]

Algeria Columns Headlines

Algeria wants tourists but has yet to improve its perception, infrastructure

The Algerian regime has announced big plans to attract 12 million tourists by 2030. Yet, on the ground, everything needs to be done from relaxing visa procedures, training skilled staff to ensuring security in a country that is notorious as one of the hardest countries to access in North Africa. With over 1600 km of […]

Africa Headlines International

Nigeria, SA call on African countries to develop tourism by boosting collaboration, air connectivity

Nigeria’s and South Africa’s senior government officials have urged African countries to boost collaboration, rather than compete with one another, and work together to improve air connectivity, which would in turn boost tourism and economic growth. Speaking during the recent African Tourism Ministers Dialogue in South Africa’s port city of Durban, the country’s Minister of […]

Business Emerging Markets Headlines Morocco

Morocco breaks pre-Covid tourism record with 14.5 million visitors

Morocco’s tourism has turned the Covid 19 page, breaking a new record with the arrival of 14.5 million tourists last year, up 34% from 2022. The milestone shows a 12% increase compared to 2019 when Morocco attracted 13 million tourists, the ministry said in a statement. The growth was triggered by Moroccans living abroad who […]

Africa Headlines International

East African Community to benefit from Somalia’s entry and DRC president’s re-election

Somalia’s entry into the East African Community (EAC) and the re-election of the Congolese president are likely to provide an important impetus to the financial services, banking and tourism, as well as to investments in renewable energy, oil, transport and logistics, all of whom are set to drive business opportunities in the East African region […]

Business Egypt Headlines

Egypt Sovereign Fund unveils plans to establish 2,600 new hotel rooms in downtown Cairo

Ayman Soliman, Chief Executive Officer of the Sovereign Fund of Egypt (SFE) unveiled plans for upgrading downtown Cairo and the Ministries Square, including the establishment of 2,600 hotel rooms, the development of 15,000 square meters of green spaces, and the revitalization of historical buildings, Ahram Online reported Thursday. Soliman speaking at a meeting of the […]

Business Emerging Markets Headlines Morocco

Marrakech, top trending destination in 2024- Airbnb says

Marrakech was ranked among the World’s top trending destinations in 2024 for vacation, rental platform Airbnb said. The Red city, known for its well-preserved centuries-old monuments and vibrant nightlife, was ranked 6th among 24 most attractive cities to visit this year, Airbnb said in a recent report. The ranking evidences the city’s resilience a few […]

Business Emerging Markets

Tourism: Morocco breaks 2019 record, attracts 13.2 million tourists up to Nov

Morocco has already broken 2019 tourist arrival record with 13.2 million visitors, despite challenges to the sector from external shocks and the earthquake, tourism ministry said. Morocco is poised to attract 14 million by year’s end thanks to the resilience of the sector and the attractiveness of Morocco’s offer. “These records unveiled by the ministry […]

Egypt Headlines

Egypt to set up yacht manufacturing company as part of yacht tourism promotion

Egyptian Prime Minister Mostafa Madbouly approved permitting the Suez Canal Authority (SCA) to co-establish Suez Canal for Modern Boats, State-run journal indicated Thursday December 7. Per the State-run media, the future company will manufacture, maintain, and export yachts and maritime units. The Suez Canal for Modern Boats will have a value of $5.1 million. It […]