Culture

Morocco rakes in $9.5bn in tourism in October

Published

5 months ago

December 2, 2023

Despite a devastating earthquake that struck parts of the country in September, the Moroccan Ministry of Tourism said the country had ranked in $9.5 billion by the month of October.

In a published statement on Saturday, the ministry said the flow of remittances from Moroccans abroad had continued to break records every year, reaching MAD 96.4 billion ($9.5 billion) in the first 10 months of 2023, a 6.1% year-on-year increase, according to data from Morocco’s Exchange Office (OE).

The statement noted that data compiled by the OE indicated that the flow of remittances maintained an upward trajectory for the past five years, going from $5.4 billion in the first months of 2019 to $8.9 billion in 2022.

The report also noted that an earlier report from the OE revealed that France, Spain, and Italy were the largest sources of remittances flowing to Morocco.

“The three European countries accounted for a staggering 57% of the overall volume of remittances sent to Morocco in 2022,” the report said.

“At the end of 2022, the volume of remittances reached record-high levels, settling at MAD 110.7 billion ($11.1 billion), a 16% increase from last year’s MAD 95.5 billion ($9.5 billion). The average annual growth rate for remittances between 2019 and 2022 is now at 19.4%.

“In terms of the share of each country, France remains the top source country with 32% of remittances, followed by Spain with 13%, Italy with 11.5%, and Saudi Arabia with 7.6%. Over the past five years, remittances from Canada to Morocco recorded the highest growth rate at 28%, followed by Spain with 27.6% and Italy with 20%.

“Remittances are of strategic importance to Morocco, as they provide a stable source of foreign exchange”, it said.

Along with tourism, remittances are the North African country’s main source of foreign exchange and a source of income for thousands of families.

“Remittances are of vital importance as they provide a source of the livelihood of many families,” Morocco’s central bank governor, Abdellatif Jouahri said in January 2023.

He added that in Morocco, the 37% historic increase in the volume of remittances in 2021 catalyzed the country’s post-pandemic economic rebound.

Related Topics:Featured Morocco Tourism Remittances

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Culture

South African actor dies tragically in car accident

Published

1 day ago

May 6, 2024

Akanimoh Etim

South African actor, Mpho Sebeng, has reportedly died in a ghastly car accident in in Potchefstroom, North West province, his family said in a statement on Monday.

The actor’s family which confirmed that the 30-year-old died in the tragic accident which happened on Sunday, has appealed for privacy as they grapple with this devastating news.

“The family of the South African entertainer, Mpho Sebeng, are saddened to confirm, to the public and media, that their son has indeed passed away,” the family statement said.

“Mpho met his untimely death in the early hours of Sunday, 5 May 2024, due to a tragic car accident in Potchefstroom.

“Whilst the family appreciates the immense outpouring of love and condolences, the family requests some space to process the news,” the statement added.

According to local media, Sebeng, a celebrated figure in South Africa’s entertainment landscape, had a career spanning nearly two decades, marked by remarkable performances and accolades.

His journey in acting commenced at the tender age of 12, catapulting him into the spotlight of television.

“Among his notable works are appearances in TV dramas like “Justice For All” and “Zero Tolerance,” both of which received widespread acclaim and numerous awards.

“During his high school years, he portrayed a role in the 2011 film “Winnie,” a biographical depiction of the late Winnie Mandela’s life.

“His talent was further recognized when he was nominated for Best Male Actor in a telenovela at the 2018 South African Film and Television Awards.

“Sebeng’s repertoire extended to international platforms, including roles in Netflix productions such as “Savage Beauty” and “Miseducation.”

“Sebeng was born in Soweto on 1 December 1992 and matriculated in 2011 at West Ridge High School. His achievements at school included full colours for drama.

“He made his television debut in the SABC drama series, Justice for All as well as Zero Tolerance.

“His first major TV role was in the Mzansi Magic drama, Ring of Lies, which earned him a Best Actor Safta nomination in 2018. Since then, Sebeng has showcased his talent in a variety of shows, such as “Savage Beauty”, “The Brave Ones” and “Miseducation” on Netflix, “The Queen”, “The Throne”, “Zbondiwe”, “Scandal” and “Hush Money.”

Culture

Burna Boy emerges Africa’s top earning artiste in the US from tours, concerts

Published

3 days ago

May 5, 2024

Akanimoh Etim

Nigerian Afrobeats sensation,
Burna Boy, has emerged as the first African artiste to stage the highest-grossing arena concerts and tours in the United States of America.

International rating platform, Touring Data, which provides a PDF and spreadsheet with ticket count information for tours in the US and Canada, in a post on X, said the “Common Man” crooner beat his record set in 2022 after he generated $1.593 million, (over N2 billion), at his TD Garden in Boston on March 2.

‘‘Burna Boy earns the highest-grossing arena concert by an African artist in US history with $1.593 million at TD Garden in Boston on March 2, 2024, surpassing his numbers at Madison Square Garden in 2022,” Touring Data stated.

The platform also noted that one of Burna Boy’s “I Told Them” tour sold out by large margins in Scotiabank Arena, Montreal and Toronto in Canada, Boston in the US, and Cologne in Germany.

Touring Data also stated that over 124,706 tickets valued at $93.50 on average were sold at the “I Told Them” tour.

“Revenue-wise, $11,659,531, or about N16 billion, was realised via the ticket sales,” the data platform said.

“Shortly after dropping the highly anticipated video for “City Boys”, Burna Boy announced his I Told Them… Tour.

“Produced by Live Nation, the 16-city tour kicked off on 3 November at BMO Stadium in Los Angeles.

“It marked Burna Boy’s first-ever performance in a Los Angeles stadium. He toured other American cities, including Houston, Chicago, Toronto, and more, before wrapping up in Atlanta at State Farm Arena on March 9th.

“Nine months earlier, the “African Giant” had a sold-out show at Citi Field, New York, making him the first Nigerian artiste to headline a stadium in America.

“BMO Stadium’s website said the singer commanded a crowd of more than 40,000 fans, including celebrities like Busta Rhymes, SZA, NBA star Mo Bamba, NFL Star Larry Ogunjobi, and British rapper Dave, who joined him on stage for a performance of his (Burna Boy’s) hit song “Location.”

“This history-making performance followed his landmark London Stadium performance, where Burna Boy made history as the first African to headline a stadium in the U.K.

“With his Madison Square Garden performance, the singer again made history as the first Nigerian musician to sell out The World’s Most Famous Arena.

“The global giant once again made history with his recently released album “I TOLD THEM…” after it debuted at #1 on the official U.K. Albums chart, making him the first international African artiste to earn the title,” it stated.