North Africa’s Economy
Niger has a non-existent economy despite uranium wealth
By Boureima Hama with Pierre Donadieu in Abidjan Prospects for the world's nuclear industry have been boosted by the war in Ukraine and mounting hostility towards climate-wrecking fossil fuels -- but Niger, one of the world's biggest sources of uranium, has yet to...
Podcast: Food shortages and rising cost of commodities in Tunisia: briefly explained
Arezki Daoud of MEA Risk and The North Africa Journal visited Tunisia this November and is bringing better understanding on the challenges facing the Tunisians in their day-to-day living. Listen to the audio podcast version: Download the MP3 file here...
Energy: Italian companies make new gains in Algeria’s gas infrastructure sector
Algeria's national petrochemicals firm Sonatrach said Thursday it had signed deals worth around $600 million with Italian companies to extract and transport liquefied petroleum gas (LPG). Africa's biggest natural gas exporter, Algeria is seeking to fill a gap in...
Egyptians expect more hardship as Cairo gets $3 billion loan from IMF. Currency value plunges 17%
Egypt has clinched a $3 billion loan deal with the International Monetary Fund conditioned on a currency depreciation and state subsidy cuts, the government said Thursday. The Egyptian pound shed 17 percent of its value against the dollar after the staff agreement was...
French cement giant Lafarge accused of supporting “terror groups”
Turkish President Recep Tayyip Erdogan said Friday he warned France about the cement company Lafarge's ties to terror groups in northern Syria. "When I explained how the cement giant called Lafarge supported terrorist organisations in northern Syria... the French did...
Tunisian bakers strike over unpaid subsidies
Thousands of Tunisian bakers staged a strike Wednesday to demand that the state pay up overdue subsidies, but suspended the action in the evening after reaching a deal with the government. The national bakery owners' union said some 3,200 of their businesses had...
Algeria-France looking to elevate their economic ties
The Algerian and French prime ministers on Monday hailed a "new dynamic" as they launched a joint economic forum during a visit to Algiers by France's Elisabeth Borne. Borne's two-day trip to the former French colony and major gas exporter comes just weeks after...
Energy: Algeria set to increase prices of natural gas delivered to Spain
Algerian state energy firm Sonatrach has agreed with Spanish buyer Naturgy to revise prices on gas deliveries through a key undersea pipeline, it said Thursday, as Europe gears up for a winter energy crunch. "Sonatrach and its partner Naturgy have agreed to revise the...
Libya-Turkey undersea gas deal angers European nations
Libya's Tripoli-based prime minister Abdulhamid Dbeibah has defended a deal signed earlier this week with Turkey over oil and gas exploration in the Mediterranean, which angered European nations. The memorandum of understanding, three years after a controversial...
Morocco takes new steps to bring to market cannabis for medicinal use
The Morocco government issued for the first time on October 4, 2022, 10 permits to legally roll out the cannabis use for medicinal purposes. A regulatory agency ANRAC was set up to issue such permits and monitor the sector’s activities, from cultivation and processing...