North Africa’s Economy
Algerian airline carrier Air Algerie to purchase eight Boeing 737 MAX-9 aircraft
Global airliner rivals Boeing and Airbus notched up new orders from Algeria and the Philippines at the Paris Air Show Tuesday, after the European manufacturer snagged the biggest-ever single civilian contract. Philippine Airlines will buy nine of Airbus' A350-1000...
Tunisia: EU considers aid to Tunisia to boost economy, reduce migrant flows
By Françoise Kadri: The European Union on Sunday said it is considering more than one billion euros in aid to boost crisis-hit Tunisia's economy and reduce the flow of irregular migrants across the Mediterranean Sea. The North African country, highly indebted and in...
Tunisia: Tunisia under pressure to accept IMF reforms
US Secretary of State Antony Blinken called Monday on Tunisia to agree to IMF reforms and avoid falling off an "economic cliff" after the European Union dangled a major aid package. Tunisian President Kais Saied has repeatedly refused "diktats" from the International...
Mali resumes train service on Bamako-Kayes line
Les opérations de vente de tickets pour le 1er voyage du train ont commencé ce jeudi à Kayes L’engouement de la population est perceptible au niveau des guichets. La locomotive CC2207 de la SOPAFER effectuera demain le trajet Bamako-Kayes, avec des arrêts dans toutes...
Migrant crisis: Italy wants IMF loan for Tunisia to shield self from migrant crisis
Italian Prime Minister Giorgia Meloni said on Tuesday Rome backed efforts to secure an IMF bailout for Tunisia and support to tackle its growing migrant problem. She was speaking after talks in Tunis with President Kais Saied whose country is going through a dire...
Egypt: Suez Canal traffic resumes after broken down tanker tugged away
Egypt deployed three tugboats Sunday to tow away an oil tanker that had broken down and caused brief delays in the Suez Canal, authorities in charge of the vital waterway said. Traffic in both directions returned to normal after a brief disruption when the...
Nigeria: New president starts job on shaky ground after nearly tripling fuel prices
By Alexandre Martins Lopes with Louise Dewast in Abuja and Aminu Abubakar in Kano: Commuting to work in Lagos, Nigeria's megacity of some 20 million people, has long been a hellish affair, but a surge in petrol prices is making it even worse. Fuel prices have almost...
Tunisia’s president considering taxing the wealthy to prevent IMF meddling
Tunisia's President Kais Saied on Thursday proposed taxing the North African country's wealthiest citizens as a way of avoiding what he has called the "diktats" of the International Monetary Fund. Despite reaching an agreement in principle last October on a bailout...
Egypt: Cargo ship briefly grounded in Egypt’s Suez Canal
A cargo ship ran aground Thursday in Egypt's Suez Canal before it was quickly refloated without interrupting traffic, the authority in charge of the vital waterway said. The Hong Kong-flagged Xin Hai Tong 23 bulk carrier was refloated after "a sudden malfunction of...
Algeria’s wheat imports to hit record volumes this summer ($)
The Algerian cereal authority, the Interprofessional Cereals Office (OAIC) has just placed a purchase order for soft wheat of between 500,000 to 600,000 tons for a delivery planned in the upcoming summer. The purchase will take place in a context of drought affecting the main cereal-growing regions of Algeria. This order, described as important, is seen as the continuation of Algeria’s policy to strengthen its wheat stocks. In a note to client, data firm Agritel points out that likely, Russia will be a key supplier, alongside other European countries, that will inevitably include France. The purchase price is around 276 dollars per ton, costs included with delivery in summer.