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Africa Business News

Morocco Tender and Business News

EBRD Completes Equity Investment in Bank Audi sal

The European Bank for Reconstruction and Development (EBRD), a multilateral bank headquartered in London, United Kingdom, has completed an equity investment in Bank Audi sal, a banking group in Lebanon.

IATA Launches Single African Air Transport Market Push

As a part of the African Union (AU) initiative, the International Air Transport Association (IATA) has announced the launching of the Single African Air Transport Market (SAATM) with the goal of opening up Africa's skies and improving intra-African air connectivity.

Boeing Sells 4 787-9 Dreamliners to Royal Air Maroc

Royal Air Maroc (RAM) recently ordered 4 Boeing 787-9 Dreamliners, valued at $1.1 billion based on list prices, to continue providing the highest end international air travel service possible for the Moroccan flag carrier.

Varroc Lighting Systems Expands Into Morocco

Varroc Lighting Systems, a global supplier of lighting solutions for automobiles and 2-wheelers headquartered in Plymouth, Michigan, is establishing a manufacturing and product development base in Morocco.

UCLG Africa Climate Task Force Takes Shape at COP23 in Bonn

The UCLG Africa (www.AfriqueLocale.org/en) Climate Task Force was established last week at the 3rd Conference of the Parties (COP23) of the United Nations Framework Convention on Climate Change (UNFCCC) held in Bonn, Germany from November 6 -17 2017.

Hyatt Plans to Add Six New Hotels In Africa by 2020

Chicago-based Hyatt Hotels & Resorts just announced plans to double the number of Hyatt Hotels in Africa by 2020. That will bring six new hotels in total in Africa, including ones in Algeria, Cameroon, Ethiopia, Tanzania, Senegal and Marrakech.

Report on Africa Airline Seat Capacity Shows Major Drop

According to a report from Valencia, Spain, based ForwardKeys on airline capacity in Africa, Lagos, Nigeria in particular is showing a significant seat capacity decline in 2017. According to a spokesperson from AviaDev, a major airline route development conference in Africa, this comes directly from the difficulty in bringing revenues back out of the country in 2016.

Reflections On The Importance of Investing in Youth in Africa

The theme of this year's African Union Decentralization Day celebrated on August 10 was "Youth Participation". With 63 percent of Africa's overall population below the age of 25, getting youth involved in all aspects of society is critical to the continent's growth and health.

Senegal's InTouch 'Guichet Unique" Solution Coming to 8 African Countries

Senegal-based African fintech company InTouch (www.InTouchgroup.net) recently reached a deal with France-based Total, a global provider of oil, gas and solar energy solutions, and Worldline, a French e-payment service provider. The deal will bring rollout of InTouch's 'Guichet Unique" payment solution to eight African countries.

Inaugural Meeting of AfricaTechNet Gathers CTOs of Africa Cities and Territories

With a focus on how to help Africa to work together better as well as specifically to help African cities get access to climate finance funds, the Constituent General Assembly of the Network of Chief Technical Officers of Cities and Territories of Africa (Africa TechNet) was held from 03 to 05 July 2017 at Ivotel Hotel, of Abidjan (Côte d’Ivoire).

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