North Africa’s Economy
Tunisia to raise public sector salaries in bid to ease social tension
Tunisia's government and the country's powerful UGTT union signed a deal boosting public sector salaries on Thursday, three months after a strike that paralysed the country. The deal involves a five percent annual hike to public sector wages every year until 2025....
Energy: Morocco and Nigeria sign MoU for a gas pipeline
A memorandum of understanding was signed Thursday for the development of a project to pump gas from Nigeria to Morocco via West Africa and then to Europe, the parties said. The agreement to go ahead with the Nigeria-Morocco Gas Pipeline project was inked in Rabat by...
Tunisia: Cash-strapped Tunisia faces rationing and food shortages
By Habib Haj Salem Cash-strapped Tunisia is facing a dearth of imported foodstuffs from dairy products to coffee, forcing informal rationing at supermarkets and threatening some food and beverage companies. For weeks, consumers and businesses have been struggling to...
Morocco reacts to deepening social crises with ineffective minimum wage increase ($)
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Algeria and France negotiate increase of gas deliveries ($)
Algeria could increase its gas deliveries to France by 50%. Negotiations between the Algerian and French authorities are underway to reach an agreement to boost Algeria’s gas exports to France. French radio Europe 1 was the first French media to reveal that Algiers...
Egypt: Tanker blocks Suez canal
An oil tanker briefly became stuck in Egypt's Suez Canal on Wednesday night, officials announced, raising fears that last year's major blockage of the global maritime route could be repeated. The Affinity V "ran aground in the Suez Canal at 19:15" (17:15 GMT)", a...
How to influence Africa: Japan pledges $30 billion in Africa-wide investments
Japan will cooperate closely with African countries to promote "more resilient" economies, Prime Minister Fumio Kishida told the final session of an investment conference in Tunisia on Sunday. He also promised Japan would use its place on the United Nations Security...
Morocco hard hit by drought
By Kaouthar Oudrhiri: Mohamed gave up farming because of successive droughts that have hit his previously fertile but isolated village in Morocco and because he just couldn't bear it any longer. "To see villagers rush to public fountains in the morning or to a...
Algeria increases price of gas exported to France
Algerian state energy firm Sonatrach announced Thursday it had concluded a three-year deal with French group Engie on the price of gas it delivers through an undersea pipeline. Sonatrach and Engie reached "agreement in Algiers regarding the gas contract through the...
Morocco: Anger over soaring fuel prices
Petrol prices rose to record highs in Morocco on Thursday, fuelling anger among unions who demanded the government of energy tycoon Aziz Akhannouch act to protect consumers. Drivers in Morocco, which relies heavily on imported oil products whose prices have soared...