North Africa’s Economy
Egypt: New app tests streaming business in Egypt, challenges old media
Cairo, May 10, 2019 - By Aziz EL MASSASSI - Egypt's first video-streaming app launched this month just in time for the Muslim holy month of Ramadan, the high season for the television industry, but its debut has been panned by critics for high prices and technical...
Moroccan firms increase trade and investment focus on Africa ($)
Moroccan businesses have been busy working to strengthen their position in the West African market. Among them is the Moroccan firm that dominates the building materials sector in Morocco, the Moroccan-French-Swiss consortium known as LafargeHolcim Maroc Africa (LHMA)...
Energy: Total wants to acquire Anadarko’s Algerian assets ($)
French oil group Total announced this Sunday the signing of an agreement with the American Occidental Petroleum to acquire Anadarko’s assets in Africa, including Algeria, should Occidental Petroleum manages to buy Anadro. The cost of this acquisition would amount to...
Libya: Clashes at Sherrara oil field in Murzuk
Tripoli, April 29, 2019 - Fighting took place overnight at Libya's main oil field, the National Oil Company said on Monday without identifying the combatants. The NOC said on Twitter that it "forcefully condemns overnight clashes and an RPG (rocket-propelled grenade)...
Algeria/Brief: CEO of Sonatrach fired
Abdelmoumen Ould Kaddour, the Chief Executive of Sonatrach has just been fired. Interim president of the Algerian government dimissed him and replaced him with Rachid Hachichi. Ould Kaddour saw his support system completely crumble and has long been in the chopping...
Algeria: Private business sector swept away by protest movement, several businessmen under arrest
The protest movement in Algeria is having its first wave of collateral damage. With the judiciary active as never before under the pressure from the streets, and as a result of a purge taking place within the ruling circle, businessmen allegedly tied to the Bouteflika...
Algeria resurrecting major graft probes as police raid Sonatrach and Public Works ministry and ban hundreds from leaving the country
The North Africa Journal - 11 April 2019 - On 7 April 2019, the Algerian security authorities established a new list of 378 individuals banned from the leaving the country. This new list brings the total number of banned individuals to 540. The list includes former...
Libya’s Escalating Civil War: The Oil Dimension
By Rauf Mammadov* and Theodore Karasik** - 10 April 2019: Libya’s civil war intensified this month after General Khalifa Haftar, head of the Libyan National Army (LNA), which is allied with the eastern government based in Tobruk—the House of Representatives...
Algeria: Expect unprecedented purge of the Bouteflika clan, as Algerians seeks to uproot the “deep state”
By Arezki Daoud: 2 April 2019: For now, all of the named individuals and companies listed here are innocent of any criminal wrongdoing. Investigations have just begun. However, suspected of corruption and illegal transfer of capital abroad, 12 businessmen are under...
Algeria: Bouteflika backer and businessman Ali Haddad arrested
Algiers, March 31, 2019 - Ali Haddad, one of Algeria's top businessmen and a backer of ailing President Abdelaziz Bouteflika, was arrested as he tried to cross into Tunisia, an Algerian security source said Sunday. Haddad, who Forbes magazine describes as one of...