Morocco: Latest News

  • Nigeria And Morocco Wealth Funds Plan Natural Gas Pipeline To Europe

    By Kevin Mwanza, 5:33 am

    Nigeria has signed a deal with Morocco to construct Trans-African gas pipeline that will connect the continent’s largest oil producer to Europe’s lucrative gas market. The 4,000 kilometer-long pipeline, to be funded by the Nigeria Sovereign Investment Authority and Ithmar Capital, a Moroccan sovereign wealth fund. The two governments signed the joint partnership during a state visit by Morocco’s King Mohammed to his Nigerian counterpart,

  • Opinion: Africa Needs More Healthcare Real Estate Investment Trusts

    Africa needs more healthcare real estate investment trusts By Dana Sanchez, 1:39 pm

    There is a gap for hospital services in Africa and property investors can benefit from this with healthcare real estate investment trusts, an expert says. A REIT is a company that owns, and in most cases operates, income-producing real estate. Large hospital owners like Netcare or Life Healthcare in South Africa could sell hospitals to a property manager who runs a healthcare REIT. The REIT would then lease them back. REITs provide investors with a liquid stake in real estate, special tax considerations and typically high-dividend yields. In more mature markets, healthcare REITs are often popular investments.

  • Nigeria Topple Algeria, SA Stun Senegal In World Cup Qualifying

    Victor Moses - Nigeria squad By Peter Pedroncelli, 12:21 am AFKI Original

    The third round of African World Cup qualifying continued 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 across the continent. This is how the 10 African World Cup qualifying matches turned out for the participating nations looking to earn their ticket to Russia in two years’ time.

  • Carlyle Hedge Fund Loses $400M Invested In Moroccan Oil Refinery, ‘Misappropriated Outside The US’

    Carlyle hedge fund lost By Dana Sanchez, 3:36 pm

    A hedge fund with Carlyle Group LP, the world’s second-largest private equity firm, has lost $400 million it invested in 2015 in a Moroccan oil refinery deal, according to a securities filing. Saudi billionaire Mohammed al-Amoudi owns 67.26% of Morocco’s Samir refinery. The deal highlights the risks U.S. investors face in emerging markets that have unfamiliar investor-protection laws. Still, despite the risks, investors continue to find the lure of higher growth in emerging markets attractive.

  • Learning To Cook At The Market In Fez, Morocco

    Learning to cook at the market in Fez By Ishay Govender-Ypma, 7:17 am

    The narrow cobbled streets are alive with the colors, smells, and essential rawness of market life. Vendors hawk breakfast breads, olives and live chickens. But we are late for our cooking class at Clock Café, and cannot linger. Donkeys and mules laden with pails of milk are led slowly through the streets. In the gentle lilt of Moroccan Arabic, the donkey minders shoo us out the way. Men and women in plain djebella are buying their breakfasts. It’s a rhythm of the everyday here in Fez. Food is bought fresh. The customers know the vendors by name.

  • 10 African World Cup Qualifying Matches Coming This Weekend

    World Cup Qualifying - El Arabi Hillel Soudani for Algeria. Photo: foot mercato By Peter Pedroncelli, 4:50 am AFKI Original

    The third round of African World Cup qualifying continues this coming weekend, as the second set of matches see 20 teams from the continent left with a chance of securing one of the five spots allocated to the African continent. This weekend 10 fixtures will be played around the continent in the group stages. Here are 10 African World Cup qualifying matches to look out for this coming weekend.

  • New Ghanaian Airline Plans Q1 Service To Baltimore-Washington, Removes Barrier To Hub Status

    New Ghanaian airline By Dana Sanchez, 5:52 pm

    Ghana hasn’t had a national long-haul carrier since Ghana Airways, one of Africa’s oldest airlines, stopped flying in December 2015. Getting one will remove one of the stumbling blocks that prevented Accra from becoming a West African hub for air travel. There is no strong airline and no airport hub in West and Central Africa. Ghana made up for the absence of a strong carrier by issuing other airlines rights to carry passengers from Accra.

  • Buying Property In Mauritius: What’s The Big Attraction?

    Buying property in Mauritius By 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.

  • In A Down Market For New Car Sales, Cape Town Motor Show Appeals To African Aspirations

    Cape Town Motor Show By 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.”

  • Upcoming Africa Energy Events Present Opportunities To Network, Exchange Ideas, Seal Deals

    Upcoming Africa Energy Events By 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.

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