North Africa’s Economy
Algeria: Sonatrach oil company operating without CFO
Egypt wants tourists to return, reopening Red Sea resorts
Libya: With Haftar forces on the run, Libya resumes oil production at al-Fil
Egypt’s debt rising with another large IMF loan
Algeria: Sonatrach’s CEO under fire for conflict of interest and nepotism as company faces dismal outlook ($)
Tunisia: Tourism sector loses over $2 billion with no sign of recovery
Tunis, May 18, 2020 - As the novel coronavirus pandemic wipes out a recovery from jihadist attacks in 2015, Tunisia's vital tourism sector is trying to find ways to avoid going under. "Normally, the season starts now. But there is nobody," said Mohammed Saddam, who...
Algeria: Kia to suspend car assembly in Algeria
Algiers, May 15, 2020 - South Korean carmaker Kia will shut down its assembly line in Algeria from Sunday due to supply chain disruptions after authorities imposed a ban on the import of spare parts. "Work will be interrupted from May 17" at the factory in the town of...
Algeria: Sonatrach implicated in tainted fuel export to Lebanon
Beirut, May 13, 2020 - A Lebanese prosecutor on Wednesday pressed charges against 12 people including government officials over a delivery of suspect fuel through an Algerian oil company, state media said. The "tainted fuel" case made headlines in March when Lebanon...
Economy: Nigeria’s collapsing revenues
Abuja, May 5, 2020 - Oil-rich Nigeria is losing more than 80 percent of its revenue due to plummeting oil prices and the coronavirus epidemic, officials said on Tuesday. Nigeria depends on crude oil sales for 70 percent of government revenue and 90 percent of foreign...
Morocco: After launching spy app, Morocco deploys surveillance drones
Rabat, May 6, 2020 - Morocco has rapidly expanded its fleet of drones as it battles the coronavirus pandemic, deploying them for aerial surveillance, public service announcements and sanitisation. "This is a real craze. In just weeks, demand has tripled in Morocco and...