North Africa’s Economy
Algeria: 25 Executives Charged in Alleged Metals Fraud
The trial of 25 senior figures from Algeria’s state-run metals group Imetal, including former executives and public officials, is set to begin on November 24 in Algiers. The case involves allegations of large-scale corruption, public fund diversion, and favoritism in public contracts, exposing deeper risks of opaque management in Algerian state-run industries. Prosecutors say the scandal contributed to production losses and repeated breakdowns at strategic facilities.
Tunisia: Wage Dispute Triggers Widespread Bank Shutdowns in Tunisia
A nationwide banking strike in Tunisia has halted operations across major institutions as employees protest falling living standards and demand wage hikes
Morocco: Drought Pressure Threatens 2025-26 Farming Season
Repeated drought and water shortages continue to strain Morocco’s agriculture sector, raising urgent concerns about food security. Despite recent investments in large dams, groundwater development, and desalination, below-average rainfall and shrinking storage reservoirs are disrupting both urban and rural water supplies. Farmers and rural communities are particularly vulnerable as planning for the 2025-26 season remains clouded by uncertainty over much-needed rain.
Tunisia: Economic Pressures Erode Household Purchasing Power
A Fitch Solutions report published in October 2025 finds that the average Tunisian household’s purchasing power has declined by 11.1% since 2019, with real incomes struggling to keep pace with inflation and economic growth. The report notes that while consumption continues to rise, it outpaces GDP growth and savings, deepening the country’s structural economic challenges.
Egypt Pegs its Power Supply to New Israeli Gas Imports
Egypt’s government has finalized a new multi-billion dollar contract to import natural gas from Israel, aiming to address domestic shortages that have led to rolling blackouts across the country.
Sahel: Fuel Blockade in Mali Brings Daily Life to a Standstill
A militant fuel blockade has brought much of Mali and its key trade routes to a halt, sparking shortages, shuttering schools, and disrupting daily life from Bamako to Dakar. With convoys targeted and fuel prices soaring, the region faces mounting economic and security risks.
Libya: NOC Expands Exploration as Libya Targets 1.6 Million Barrels by 2026
Libya’s energy sector is gaining momentum as Sonatrach and other major players resume exploration and drilling across the Ghadames Basin. Recent activity includes Sonatrach’s return after a decade-long halt, new exploratory wells by the National Oil Corporation, and successful deep-layer production tests by Zueitina Oil Company.
Morocco: Forces Drive Morocco’s 2026 Budget: Security Recruitment Leads Job Creation Push
Morocco’s 2026 Finance Bill expands state hiring across security, health, and education, creating 36,000 new public positions—mainly in the Interior and Defense Ministries—but the scale underscores political rather than economic priorities, in a country where unemployment hovers near 13 percent and youth joblessness exceeds a third of the labor force.
Egypt’s Debt Diplomacy: How Brussels Became Cairo’s Latest Creditor of Confidence
The EU’s €7.4 billion package to Egypt marks Europe’s largest financial commitment to any non‑EU partner, aimed at stabilizing Cairo’s economy but adding to its already heavy debt load, now nearing 90 percent of GDP. The deal underscores Egypt’s strategic value to Europe amid regional turmoil and migration pressures.
Mali’s Energy Collapse Deepens as Fuel Blockade and Infrastructure Decay Converge
Mali is sinking deeper into darkness as power outages, crumbling roads, and fuel shortages combine into a nationwide crisis. Months of blackouts and blocked fuel imports by jihadist fighters have crippled transport, trade, and daily life, exposing years of neglect in energy and infrastructure management.