Africa Business Headlines International

African tourism potential to be unlocked by boosting air connectivity

While effective air connectivity within Africa is key to unlocking the potentials of tourism on the continent, unfavorable visa regimes, insecurity, high cost of air transport and low quality of tourism support services among other factors are hindering the growth of tourism in Africa. ”The truth is that the performance of the region’s aviation industry, […]

Business Finance

“Very difficult” 18 months ahead for African banks — Fitch 2022-23 Outlook

The next 12-18 months will be “very difficult” for African banks as widespread inflation, currency devaluations and interest-rate hikes sweep the region, a senior director of credit ratings agency Fitch said on Wednesday (21 September). African economies have struggled over the last year in the face of external forces including lingering effects from the COVID-19 […]

Business Headlines Morocco

Morocco’s phosphates sales up 81% by July

Morocco’s trade balance continues to benefit from higher prices of phosphates and derivatives with sales up 81% to 68.7 billion dirhams by July, the foreign exchange office said. Morocco, which has the world’s largest phosphates reserves, has positioned itself as a major fertilizer producer expanding its market share in the wake of the export restrictions […]

Business Europe Headlines International Morocco

Tourism: TUI Group ready to enhance its presence & investments in Morocco

TUI Group, one of the global tourism leaders, has voiced readiness to strengthen further its presence in Morocco and step up investment in the North African Kingdom. At a meeting held Thursday in Rabat with Head of Moroccan Govt. Aziz Akhannouch, TUI chief Sebastian Ebel said the German travel giant is upbeat over the growth […]

Business Headlines Morocco

Morocco targets 26 million tourists by 2030

Morocco’s tourism industry is shaking off dust left by the pandemic with ambitions to attract 26 million tourists by 2030. The announcement was made by tourism minister Fatima Zahra Ammor at a meeting with tourism professionals to elaborate a new roadmap for the sector. The new tourism promotion plan aims to increase air links, promote […]

Business Culture Finance Lifestyle

Guinea to revamp two-star Labe tourism hotel

The Guinean tourism ministry has signed a deal with SAB-TRANSIT SAU to refurbish and expand state-owned two-star tourism hotel Labe located in Labe, the capital of “Moyenne Guinee”, as part of the West african country’s efforts to revamp tourism potential, local reports say. Alpha Soumah, Minister of tourism signed an agreement with Elhadj BAH Mamadou […]

Headlines Tunisia

Tunisia, fourth tourism destination for French holidaymakers – Echo touristique

Tunisia has ranked the fourth favorite destination for French tourists globally, French tourism media Echo touristique has reported. The ranking, based on May data, remained the same for the third time in a row. Echo touristique reports a 54 per cent increase in the number of French tourists in May this year compared with May […]

Business Headlines Morocco

End of Covid tunnel for Morocco’s tourism sector

Morocco’s tourism businesses started to breathe a sigh of relief as the battered sector showed first signs of recovery from the fallout of the pandemic. With 80% in tourism revenue, the future looks promising for the sector backed by a promotional campaign targeting main tourist emitting countries. Speaking to MPs, tourism minister confirmed the recovery […]

Eating out Europe Headlines International Lifestyle Tunisia

Tunisia to fly in Russian tourists

Tunisia will send aircraft to Russia to transport Russians holidaymakers, the Tourism Minister of the North African country pointed out Monday as result of the ongoing Russia-Ukraine conflict, reports say. Mohamed Moez Belhassine told Shems fm that authorities have already established contacts with local airlines for the process. The  official indicated that the Russian market […]