Tourism, a key sector of Morocco's economy, is on track for another record year due to a significant influx of foreign visitors and Moroccans living abroad.
In the first seven months of 2024, Morocco welcomed a record 10 million tourists, marking a 15% increase compared to the same period in 2023. This data was released on Monday, September 2, by the Ministry of Economy and Finance.
In July alone, Morocco saw 2.6 million visitors, a 20% rise from the previous year’s July.
In 2023, Morocco achieved a record 14.5 million tourists, pushing tourism revenue above $10 billion for the first time.
The government’s tourism development plan aims for 17.5 million visitors by 2026 and 26 million by 2030, when Morocco will co-host the World Cup with Spain and Portugal.
Tourism accounts for 7% of Morocco's GDP and is a crucial source of foreign currency.
Camtel to launch Blue Money in 2026, entering Cameroon’s crowded mobile money market led by MTN Mo...
Kossi Ténou succeeds Badanam Patoki as president of the AMF-UMOA. Ténou brings over 20 years of e...
JA Africa launches $1.5M digital safety program in four African countries Initiative to ...
Francophone Sub-Saharan Africa hosts 860+ startups but faces deep structural weaknesses EY urges...
Vodacom Tanzania launches M-Pesa Global Payments, enabling seamless international transactions thr...
Cameroon plans major farm output boost, including 20,500 more tons of palm oil. Two loans worth CFA51.7 billion to fund new CDC processing plants....
Many Peaks begins its 2025–2026 exploration program in Côte d’Ivoire The company plans 15,000 meters of drilling at Ferké to define resources A...
Tanzania begins a five-year World Bank–backed fisheries modernization plan The $117 million program targets 17 coastal districts with...
CIMKO to invest over $300 million to double DRC cement capacity by 2027 Expansion to raise output to 3 million tons, create jobs, and cut...
Niokolo-Koba National Park, designated both a Biosphere Reserve and a UNESCO World Heritage Site, is one of the ecological treasures of Senegal and all of...
Hidden deep within the Arabuko-Sokoke Forest on Kenya’s coast near Malindi, the ancient city of Gedi stands as one of East Africa’s most intriguing...