North Africa’s Economy
Podcast: Algeria risk assessment: the intersection of business and political corruption
In this episode, Arezki Daoud of risk assessment firm MEA Risk LLC and editor of the North Africa Journal, looks at the intersection of business corruption and political corruption in Algeria. Listen on major podcast platforms: Spotify | TuneIn | iTunes | Android |...
EgyptAir suspends service to Baghdad
Cairo, Jan 7, 2020 - Egypt's flag carrier has suspended flights to the Iraqi capital for three days for security reasons, the civil aviation ministry said Tuesday. The suspension takes effect Wednesday and comes after the killing of Iranian commander General Qasem...
Algeria: New prime minister with academic credentials hired to perform miracles
Algiers, Dec 28, 2019 - Algeria's new president on Saturday named as his prime minister an academic turned political insider who vowed to work to win back people's trust after months of street protests. Abdelmadjid Tebboune, elected this month to succeed ousted...
Algeria: With its Algeria venture CEO in prison over alleged corruption, Volkswagen suspends production in Algeria
Carmaker Volkswagen has suspended production in Algeria, where the head of its local partner has been detained since June in a corruption probe, a spokesman for the German auto giant said. "Volkswagen is aware of a corruption investigation by Algerian authorities...
Libya: French oil company Total to buy Marathon Oil’s stake in Libya’s Waha oil concessions
Libya's National Oil Corporation said Tuesday it had agreed to let French oil giant Total buy US outfit Marathon Oil's 16.33-percent stake in the country's Waha oil concessions for $650 million (586 million euros). The NOC said in a statement it had approved the deal...
Tunisia: Unrest in Jelma, Sidi Bouzid
Tunis, Dec 3, 2019 - Eleven Tunisians were arrested during a night of clashes between protesters and police in the central region of Sidi Bouzid, the interior ministry said Tuesday, after the self-immolation of a young man sparked outrage. Clashes in Jelma started...
How oil companies Total and ENI are being dragged into the Algerian political crisis, accused of supporting the regime
Europe has been silent about the political crisis unfolding in Algeria over the past nine months. In the eyes of the Algerian opposition and the public in general, such silence is sign of complicity with a military regime that has been committing human rights abuses....
Algerian lawmakers pass controversial petroleum law
After signaling their opposition to almost all the laws that the Bedoui government submitted, the lawmakers of of the National Assembly adopted on Thursday, 14 November 14, by a majority vote the so-called Hydrocarbons Law. The law, presented by the Bedoui government...
Sahel: Dozens killed in ambush on convoy of Canadian gold miner Semafo in Burkina Faso
An escalation of attacks across the Sahel is now affecting mining operations, with Canadian firm Semafo reporting casualties among its employees. At least 37 people were killed and dozens more wounded according to local authorities. MEA Risk LLC reports that...
Egypt: cash-strapped Egypt wants to sell equity in its military-owned businesses
Cairo, Oct 31, 2019 - Egyptian President Abdel Fattah al-Sisi suggested Thursday listing military-owned companies on the stock exchange, along with other state-run firms and assets. "There must be an opportunity for the armed forces' companies. They must enter the...