North Africa’s Economy
Morocco: Price of butane gas to increase by 25% in April
(Photo: Prime Minister Aziz Akhannouch) Morocco will stop subsidizing butane gas in 2026, but prices will begin to increase next month, April 2024. The decision to lift subsidies was announced in October 2023 by billionaire Prime Minister Aziz Akhannouch, who also...
Agriculture: Spanish farmers say Moroccan strawberries carry virus, as Morocco surpasses Spain as tomato supplier to EU
Agriculture is the theater of another kind of war where there are winners and losers. Worth billions of dollars, the EU agricultural market is seeing intensifying competition, with local farmers sometime resorting to violence to destroy competing produce coming from...
Algeria-Morocco Competition for Regional Influence Shifts to Economic Affairs
Opinion By Arezki Daoud: Up until now, enemy brothers, Algeria and Morocco have been trying to impress and disrupt one another to ascertain their influence in the North Africa and Sahel regions through sabre-rattling, despite the two countries boasting the exact same...
Morocco: Consumers to pay more for Netflix, Airbnb and other online services courtesy 2024 state budget
Morocco is overhauling its taxation system to generate more revenue from online services, in particular the ones focused on foreign-operated services. The new provisions of the Finance Bill for the 2024 fiscal year introduce tax payments from international companies...
Economy: China’s commitment to Africa is being tested by its stance on the continent’s crippling debt
By MondAfrique: As a whole, Africa has seen its debt increase five-fold over the past twenty years, to reach $700 billion. And Chinese lenders represent 12% of that total, according to Chatham House , the London Policy Institute. The United States and other Western...
Germany to get Algerian gas for first time
Germany is to get Algerian gas with the signing on 8 February of a contract tying gas producer Sonatrach to Leipzig-based gas trader VNG Handel & Vertrieb GmbH (VNG H&V). The German company is a wholly owned subsidiary of VNG AG. VNG is the first German...
Trade: Israel-Morocco trade takes a hit amid extreme instability in the Middle East
Last year, Morocco and Israel have had a strong run on their bilateral trade, as the two countries put into effect the Abraham Accords. Almost all the Moroccan media reporting on the topic during 2023, underscored the exponential growth of Morocco-Israel trade, with...
Energy: US oil companies explore opportunities in Algeria but no deal yet after months of talks
Junior executives of Oxy and Chevron, affiliated with the US-Algerian Business Council (USABC) traveled to Algiers on 21 January 2024 as part of a 26-people delegation representing various sectors seeking opportunities in Algeria. Among the most noticeable companies...
Morocco-Israel trade figures collapsing
Russia-Africa: From weapon sales to economic ties
By Arezki Daoud: Has the war in Ukraine deter Russia from engagement in Africa? Certainly not! We know on the security front, a growing number of African states are turning to Russia to supply them with military equipment and security services, judging by the...