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Algeria to host Afreximbank’s CANEX 2024

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The African Export-Import Bank (Afreximbank) has announced that the 2024 edition of its Creative Africa Nexus (CANEX 2024) will hold in Algiers, the capital of Algeria, with the theme, “One People, United in Culture.”

According to a statement from the bank, the CANEX 2024, which is a premier event that showcases Africa’s vibrant creative and cultural industries, will be the major focus of the four-day event taking place from October 16-19.

“CANEX 2024 offers a unique platform for creatives from across the continent and beyond, to showcase their work, network with industry leaders, and explore business opportunities, including exhibitions, roundtable discussions, masterclasses, live performances, gastronomy showcases, music, dance, poetry, and other artistic expressions,” the statement said.

“Since the event was launched in 2020, it had committed a $1bn facility for Africa’s creative and cultural industries, and has deployed specialised products for financing some CCI sectors, including the Film Financing Development Facility and the Music Development facility.

“The bank has also identified key gaps in creative production value chains, and created interventions to bridge those gaps, with a focus on access to markets.

“The event will be a gathering of creatives, investors, and industry professionals from across the continent and the world over.

CANEX WKND 2024 will feature an exhibition and market, roundtable discussions, masterclasses, live performances, and networking opportunities. The event is open to industry professionals, individuals, corporate investors, and governance bodies. It provides a unique platform for creatives to showcase their work, connect with industry leaders, and explore business and investment opportunities,” the statement added.

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Culture

Obama names three African artistes in his Favorite Music list 2024

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In keeping with the tradition of naming his favourite music list of the year, former United States President, Barack Obama, has released his favorite music from 2024, which includes three African artistes.

The Obama Favorite Music list 2024, which he dropped on social media, has Nigerian stars Asake, Rema, and South African Ampiona sensation, Tyla, alongside Kendrick Lamar, Beyoncé, amongst other world-renowned stars.

While dropping the list, the former US President wrote:

“Here are my favorite songs from this year! Check them out if you’re looking to shake up your playlist – and let me know if there’s a song or artist I should make sure to listen to.”

The top picks for Obama’s shortlist were Billie Eilish’s “Lunch,” Jordan Adetunji’s “Kehlani,” Tommy Richman’s “Million Dollar Baby,” Karol G’s “Si Antes Te Hubiera Conocido,” Bonny Light Horseman’s “Old Dutch,” Central Cee, Asake’s “Active,” Lil Baby’s “Band4band,” Rema’s “Yayo”, Karol G’s “Si Antes Te Hubiera Conocido” and “Gata Only” by FloyyMenor and Cris MJ.
and more.

The Obama Favorite Music of 2024 list also showcased a vibrant mix of genres and artists, reflecting his diverse musical preferences, spanning hip-hop, R&B, jazz, and reggaeton, showcasing his appreciation for a variety of musical styles.

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Culture

Moroccan tourist arrivals hit record-breaking 16 million

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The year 2024 has seen Morocco celebrate a record-breaking 16 million tourist arrivals, surpassing the 12 million mark set in 2023, with the country continuing to see impressive growth in tourist arrivals.

Data from the country’s Ministry of Tourism, the Directorate of Studies and Financial Forecasts (DEPF) reveals that additional indicators reveal that the sector reached remarkable numbers in just 10 months, surpassing the total number of arrivals typically seen in a full year.

According to the new details from the directorate, which is affiliated to the Ministry of Economy, the country’s tourism revenues reached MAD 96.9 billion by the end of October, an increase of 9.3% compared to the same period last year.

A statement by the Ministry said
Morocco notably reached a new record of 14.6 million tourists by the end of October, the directorate indicated, noting that this far surpassed the previous record set at the end of 2023 in just 10 months.

“The number marks a 19% increase year on year, representing 2.3 million additional arrivals by the end of October 2024,” it said.

“This remarkable growth is driven both by foreign tourists, whose numbers have increased by 22%, and Moroccans living abroad.

“This past October was an especially strong month for the Moroccan hospitality industry. Approximately 1.5 million visitors traveled to the North African country during that month, representing an increase of 30% compared to October last year,” it stated.

The Ministry of Tourism celebrated the upward trend during a meeting of the Moroccan National Tourism’s Board of Directors held on Monday, with data showing that the North African country saw a record 15.87 million visitors by the end of November, marking a 20% increase while tourism revenues soared to MAD 97 billion.

“The sector achieved a growth rate of 19%, higher than the world average of 12% and most competing destinations,” the Moroccan Tourism Office said.

Speaking at the event, Tourism Minister Fatim-Zahra Ammor:

“Our tourism roadmap is bearing fruit and we can now enter the year 24 with confidence and determination.”

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