Morocco: Latest News
Peter Pedroncelli, 5:25 am
The Confederation of African Football’s (CAF) new president Ahmad has thrown his weight behind Morocco’s bid to host the 2026 World Cup. The North African nation is keen to follow in the footsteps of South Africa, which successfully hosted the 2010 World Cup, the first held on the African continent. In an outcome that has surprised many in Africa, Issa Hayatou’s reign at CAF ended this month as Madagascan government minister Ahmad was elected as the new president of the Confederation of African Football.
Global Risk Insights, 3:31 pm
Lacking substantial oil reserves, Morocco took a backseat to Angola and Algeria during China’s resource binge in the 2000s. That has changed as China seeks to diversify investments. Morocco now has three Confucius Institutes and is becoming the default investment destination in North Africa as instability continues in the region. Anti-Chinese sentiment in more established China-Africa relationships is also leading China to diversify its investment portfolio. Casablanca is scheduled to play host to the China-Morocco Trade Week in December 2017.
Staff, 1:01 am
Halima Aliko Dangote, daughter of Nigerian cement magnate Aliko Dangote, is trying to raise money in Africa to open an African art and policy institute in New York. She hoped to raise up to $5 million at a recent fundraiser in Nigeria, and said she planned similar events in Morocco and Kenya. The building that houses the Africa Center was completed several years ago but the center itself hasn’t opened yet for lack of funds.
Dana Sanchez, 3:40 pm
Passengers flying nonstop to the U.S. on 9 carriers from airports in Egypt, Morocco, and six other Middle Eastern countries will not be allowed to bring electronics larger than cell phones in carry-on baggage. This is in response to unspecified terror threats and will be effective indefinitely, senior Trump administration officials said. Would-be terrorists “are aggressively pursuing innovative methods to undertake their attacks, to include smuggling explosive devices in various consumer items,” the U.S. Department of Homeland Security said Tuesday.
Dana Sanchez, 3:22 pm AFKI Original
Despite declining oil prices, oil-rich Norway is the happiest country in the world — proof that it’s about more than income. The people who live in the happiest countries in the world also value good governance, freedom, generosity, honesty, and health, according to World Happiness Report. There’s a deficit of happiness in Africa. African youth are essentially optimisitic and resilient in the face of poor infrastructure, but they are disappointed with development under democracy, say the authors of the report.
Reuters, 1:01 am
Airbnb, a US-based online marketplace to list or rent short-term lodgings, expects to double its customer numbers in Africa this year to 1.5 million. Company CEO Brian Chesky was in Cape Town’s oldest township Friday to surprise graduates from an Airbnb training program. He described Africa as “an incredibly exciting emerging market for travel.” The top five Airbnb cities in Africa are Cape Town, Marrakesh, Johannesburg, Nairobi and Casablanca, although listings are found from St. Helena island in the South Atlantic Ocean to Freetown, Sierra Leone, and Somalia.
The Conversation, 9:16 am
Disruptive competition through technology can benefit consumers, but it also raises socioeconomic issues. Africa is no exception. There are concerns that Uber, with its first-mover advantage in the ride-sharing market, is growing into a monopoly despite the benefits to consumers. Traditional metered taxis are seeing red. In South Africa, new entrants into the ride-sharing app market have made little progress. The picture is very different in Kenya. Safaricom appears to have overcome the seemingly insurmountable first-mover position enjoyed by Uber.
Kurt Davis Jr., 10:24 am AFKI Original
Mauritania requires no royalty payments, which is not the norm. This is a benefit for oil, gas and mining explorers anxious about paying royalties when commodity prices are unpredictable. Mauritania’s corporate income tax rate is relatively low at 25% — a plus in a region where the tax and fiscal systems can change any investor’s outlook on risk and reward. Large government irrigation projects have aided agricultural production in the desert. Israeli technology and cropping strategies have had some success in other parts of Africa. There is potential here, but it requires investment in technology — not always a priority in agriculture.
Peter Pedroncelli, 7:37 am AFKI Original
AFCON-winning coaches Herve Renard and Hugo Broos are among the final candidates being considered for the unoccupied position of South African national team coach, with a final decision set to be made in the coming days. Broos, who is currently Cameroon coach, and Renard, who is in charge of Morocco, are both successful tacticians as far as the continental game is concerned. Belgian coach Broos masterminded a stunning Africa Cup of Nations title triumph for the Central Africans in Gabon last month month, where Cameroon managed a 2-1 victory over favourites Egypt in the final to earn their fifth AFCON trophy.
Dana Sanchez, 4:10 pm
For many Western companies, Africa is a fresh start — an opportunity to build facilities and processes that are environmentally friendly and safe. And don’t forget the tax breaks. Manufacturing in Africa is expensive, training and the quality control are expensive. Most apparel will continue to be made in Asian countries where labor is still relatively cheap and infrastructure, in place. But in China, the world’s apparel manufacturing leader, wages have increased 80% since 2010.
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