Morocco: Latest News
Dana Sanchez, 2:52 pm
Gold has been the main source of income in Sudan since it became an oil importer when South Sudan seceded in 2011. Gold companies operating in Sudan must step up production, the government said. A U.S.-sponsored draft U.N. Security Council resolution extends sanctions related to Darfur. Gold from Sudan is considered conflict-ridden, high risk, and helping destabilize the country.
Karen Elowitt, 9:39 am
The allure of the Moroccan desert is hard to resist, especially for those confined to high rises in cold places. It’s an enticing prospect to spend a week as a wandering nomad under big skies with looming terracotta dunes. If you’re headed to the desert, why not sleep there and explore it? Here are 8 Morocco hotels where you can literally sleep in the dunes — or in an actual brick-and-mortar room, if that’s what you prefer.
Peter Pedroncelli, 6:44 am AFKI Original
The 2017 AFCON qualification matches took place over the course of the past weekend, with a number of national teams securing their places at the Africa Cup of Nations ahead of the final qualifying matchday. The tournament is set to take place in Gabon at the beginning of next year, so the Panthers are assured of qualification as hosts, but for the rest of the continent, the qualification phase has been crucial.
Dana Sanchez, 3:37 pm
Workers in Ethiopian vehicle assembly plants put together Chinese brands using kits. Consumers are unsure about quality. Some used imports like Toyotas actually gain value with the weaker currency, unlike locally assembled models. With Ethiopia’s scant currency reserves, Ethiopian auto assemblers can’t get enough dollars to import kits. Then there’s the competition — South Africa and Morocco.
Dana Sanchez, 4:17 pm
South Africa lost its spot as No. 1 economy in Africa to Nigeria in 2014, and its No. 2 spot to Egypt in 2016. So who has best shot next at bypassing the South African economy? These are 21 of the International Monetary Fund’s top performing economies in Africa based on gross domestic product. You’ll be surprised who’s absent from this list: Rwanda.
Dana Sanchez, 10:50 am
Visitors get to experience an alternative side of South African cities with Airbnb. The tourism economy is getting spread around more evenly. In Cape Town — Airbnb’s top South African market — 27 percent of visitors said they wouldn’t have come at all or stayed as long if not for Airbnb. Many said they spent more in local shops and restaurants, often following hosts’ recommendations.
Julia Austin, 10:37 am AFKI Original
Bob and Don Manonga star in “Rich Kids,” a reality TV series aired on Vuzu, a South African youth-oriented TV channel produced by M-Net for sister pay TV platform DStv. The brothers live in a 14-bedroom mansion with their prominent familiy in Pretoria and were some of the first to drive the Merceds A45 AMG. The boys also have access to the family’s four Bentleys and four Ferraris.
Julia Austin, 3:05 pm AFKI Original
The late former president of Libya flew an A340 that had a bedroom, showers, DVD players, and kitchen so he had a place to live for several months should chaos hit his country. He bought it from Prince al-Waleed Aziz Al-Saud–one of the richest people in the world. They have state-of-the-art technology, safety and luxury, often becoming lightning rods for public opinion: 8 expensive planes flown by African presidents.
Lillian Mutiso, 5:07 am AFKI Original
Most sub-Saharan African countries have poorly detailed tax legislation and interpretation of their tax guidelines is sometimes ambiguous. But a few countries have managed to position themselves as tax havens for foreigners. Mauritius and Seychelles are among the most prominent. Foreign individuals or businesses are taxed at low rates. Some tax havens help people to legally hide money with little or no government oversight from their home countries. If there are records of transactions, these may not be available to other governments or tax agencies. Here are some other African countries that have achieved tax-haven status but are somewhat under the radar.
Lillian Mutiso, 6:13 am AFKI Original
In 2014, Africa received a total of $128 billion, which made it the second biggest destination of Foreign Direct Investment (FDI) capital globally. In 2015, the flow of FDI capital was projected to exceed US$190 billion. Investment flow into the continent has significantly grown over the last decade in tandem with the high economic growth witnessed by most countries in the region. Much of the investments have been made in the infrastructure, financial services, real estate and consumer-based sectors.
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