Business Emerging Markets Headlines Morocco

Morocco’s tourism revenue at record $1.75 bln in August

Morocco’s tourist receipt grew 20% in August to a record 17 billion dirhams or $1.75 billion, underscoring a strong recovery of the sector, the tourism ministry said. In the first eight months this year, travel receipts increased 7% to 76 billion dirhams ($7.8 bln), it said in a statement. “These results confirm the unprecedented momentum […]

Business Emerging Markets Headlines Morocco

Morocco receives 10 million tourists in Jan-July

Morocco received 10 million tourists up to July this year, a record, as the country expects to outperform last year’s arrivals, the finance ministry said. Arrivals in the first seven months were 15% up compared to the same period last year, it said. In the month of July alone, 2.6 million people visited Morocco, up […]

Business Features Finance

New ‘independent’ Africa credit rating agency on track to launch in 2025

A new credit rating agency designed to address the needs of sovereign borrowers in Africa, and led by an African Union (AU) Commissioner, is on track to be launched in 2025, according to a senior AU official. Speaking with reporters in Accra, the AU Commissioner for Economic Development, Trade, Tourism, Industry and Minerals, Albert Muchanga, […]

Business Emerging Markets Headlines Morocco

Morocco’s tourist arrivals up 14% in first six months this year

Morocco has received 7.4 million tourists in the first six months this year, up 14%, a pace that let the tourism minister express optimism to attain the 17.5 million tourists ahead of the 2026 target. The performance of the tourism sector up to June this year was 38% higher compared with the same period in […]

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 […]