Morocco: Latest News
Dana Sanchez, 3:24 pm
With a $500,000 US investment, foreigners can buy Mauritian residency and apply for a passport after five years of property ownership. By early 2016, there were 3,200 U.S. dollar millionaires living in Mauritius — population 1.3million. Most are from France and Southern Africa. Part of the attraction is low or no taxes. “No housing or property tax, no inheritance tax on properties purchased and no capital gains tax speaks directly to property investors,” a stakeholder said.
Dana Sanchez, 12:48 pm AFKI Original
New vehicle sales continue to fall in South Africa. The industry needed a creative idea to invigorate its local auto market, excite domestic motor enthusiasts, and appeal to people across sectors. The solution? A Cape Town Motor Show that promoters promise will rival motor shows in Paris, Tokyo, and New York. The show will go over well, a promoter predicts. “People are hungry. People always want to drive a better car. The mood is very positive.”
Staff, 4:03 pm
The Africa Energy Forum isn’t happening in Africa but 75 percent of Africa’s energy regulators, utilities bosses and ministers will be there, according to event organizers. The 19th annual conference is scheduled for June 7–9, 2017, in Copenhagen, Denmark. Participants travel from Africa to Europe to meet and do business with power investors from around the world. The goal? To capitalize on the wealth of Scandinavian companies investing in Africa’s power sector.
Peter Pedroncelli, 7:10 am AFKI Original
The shortlist of 30 nominees for the 2016 African Player of the Year award has been announced by the Confederation of African Football (CAF) ahead of the winner’s announcement in the new year. Below are the 30 players who have been nominated for the 2016 African Player of the Year award.
Staff, 11:31 am
Mitsubishi UFJ Financial Group Inc. is considering opening offices in Kenya and Morocco to boost its African business as Japanese companies seek natural resource and infrastructure-related opportunities on the continent, a person with knowledge of the matter said. Japan’s largest bank has begun studying the possibility of opening the offices in the countries and no decision has been made, the person said, asking not to be identified because the deliberations are private
Keren Mikva, 6:05 pm AFKI Original
Air pollution in African countries could develop into health and climate crises like China and India have endured. A day spent breathing in Cairo has been likened to smoking a pack of cigarettes. Industrial plants burning low-quality fuel, seasonal sandstorms that often smother the city in a yellow haze, and high vehicle emissions have made the problem worse. Little regulation is in place to enforce environmentally friendly industry processes. Here are 10 of the most polluted African cities.
Peter Pedroncelli, 2:31 am AFKI Original
The 2017 Africa Cup of Nations draw was held in Gabon’s capital city Libreville on Wednesday evening, as the Confederation of African Football (CAF) determined the four groups of 16 teams that will be aiming for glory come the AFCON in January 2017. The four host cities that will stage matches include Libreville, Franceville, Oyem and Port Gentil, as Gabon hosts the continental showpiece on their own, six years after co-hosting the competition alongside Equatorial Guinea.
Peter Pedroncelli, 5:15 am AFKI Original
The Confederation of African Football (CAF) revealed two shortlists for major awards over the weekend, including a shortlist of 25 players who are nominated for the 2016 African Player of the Year – Based in Africa award. A total of five players have been selected from South African club side Mamelodi Sundowns, meaning that a fifth of the nominees represent the Pretoria-based team.
Dana Sanchez, 11:22 am
The Silicon Valley based Zipline team tested its drone delivery system for months in Rwanda to make sure it worked prior to launch, usually with an audience of locals. “Every day, we have hundreds of Rwandans lining up along the fence of the distribution center to watch operations,” said Zipline’s CEO. “The whole crowd cheers for every single takeoff and landing throughout the day. Some people show up at 6 a.m. to get good seats.” Some aid workers say drones have a bad reputation in Africa. People think they’re weapons.
Peter Pedroncelli, 5:23 am AFKI Original
The third round of African World Cup qualifiers began this past weekend, with the 20 teams from the continent left with a chance of securing one of the five spots allocated to Africa in action throughout the continent. Drawn into five groups of four teams each, with the winner of the group after a round-robin format qualifies for Russia 2018.
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