In the aftermath of its most powerful earthquake in over six decades, Morocco is calling upon visionary investors to breathe new life into its vibrant tourism sector. Opportunities abound, spanning from the development of pristine beachfront resorts to the creation of immersive theme parks. With a resolute ambition to double annual investment in the tourism industry to a staggering $2 billion by 2026, Imad Barrakad, the trailblazing CEO of the Moroccan Agency for Tourism Development, shared his bold vision on the sidelines of the Future Hospitality Summit in Abu Dhabi. Presently, the nation draws in a commendable $1 billion in…
Locations
Rwanda’s Vision
Investors Guide to Africa speaks to Nick Barigye, Chief Executive Officer of Rwanda Finance Limited (RFL), the agency responsible for developing and promoting Kigali International Financial Centre (KIFC) and positioning Rwanda as a preferred financial jurisdiction for investments into Africa. IGTA: The vision is for Kigali International Financial Centre to catalyse Rwanda’s socio-economic development by unlocking capital. To what extent is this vision being realised? Nick Barigye: Our Vision 2050sets the long-term strategic plan for the country to become an upper middle-income country by 2035 and a high-income country by 2050. To achieve this, we need to…
Africa’s Tech Renaissance: Pioneering the Path to the Future
In an unprecedented move that underscored the ever-changing landscape of technology, Nairobi played host to the Kauffman Fellows Summit, drawing three hundred venture capitalists from across the globe. This historic event marked not only the largest congregation of venture capitalists but also the first time this summit ventured into the African terrain. The tale of technology in Africa intertwines seamlessly with the rise of fintech. A significant majority of Africa’s 10+ unicorns are fintech ventures, a narrative we’ve closely followed. Between 2021 and 2022, a substantial 40 to 60% of venture capital (VC) funding in Africa found its way into…
Durban: Now is the Time for US Investors
In the realm of global investment, Africa constitutes perhaps the final frontier with its untapped potential across diverse sectors. As a rapidly growing and under-served marketplace, the continent is unmatched for 21st Century opportunity. So, why haven’t more investors beaten a path to Africa’s door to date? Among the continent’s vibrant cities, Durban stands out as a strategic gateway for US investors aiming to capitalise on Africa’s economic growth. With its unique blend of infrastructure, location, economic diversity, and business-friendly environment, it presents a compelling case for US investors to consider. Durban’s geographical location plays a pivotal role in…