North Africa’s Economy
Algeria-Morocco Competition for Regional Influence Shifts to Economic Affairs
Opinion By Arezki Daoud: Up until now, enemy brothers, Algeria and Morocco have been trying to impress and disrupt one another to ascertain their influence in the North Africa and Sahel regions through sabre-rattling, despite the two countries boasting the exact same...
Morocco: Consumers to pay more for Netflix, Airbnb and other online services courtesy 2024 state budget
Morocco is overhauling its taxation system to generate more revenue from online services, in particular the ones focused on foreign-operated services. The new provisions of the Finance Bill for the 2024 fiscal year introduce tax payments from international companies...
Economy: China’s commitment to Africa is being tested by its stance on the continent’s crippling debt
By MondAfrique: As a whole, Africa has seen its debt increase five-fold over the past twenty years, to reach $700 billion. And Chinese lenders represent 12% of that total, according to Chatham House , the London Policy Institute. The United States and other Western...
Germany to get Algerian gas for first time
Germany is to get Algerian gas with the signing on 8 February of a contract tying gas producer Sonatrach to Leipzig-based gas trader VNG Handel & Vertrieb GmbH (VNG H&V). The German company is a wholly owned subsidiary of VNG AG. VNG is the first German...
Trade: Israel-Morocco trade takes a hit amid extreme instability in the Middle East
Last year, Morocco and Israel have had a strong run on their bilateral trade, as the two countries put into effect the Abraham Accords. Almost all the Moroccan media reporting on the topic during 2023, underscored the exponential growth of Morocco-Israel trade, with...
Energy: US oil companies explore opportunities in Algeria but no deal yet after months of talks
Junior executives of Oxy and Chevron, affiliated with the US-Algerian Business Council (USABC) traveled to Algiers on 21 January 2024 as part of a 26-people delegation representing various sectors seeking opportunities in Algeria. Among the most noticeable companies...
Morocco-Israel trade figures collapsing
Russia-Africa: From weapon sales to economic ties
By Arezki Daoud: Has the war in Ukraine deter Russia from engagement in Africa? Certainly not! We know on the security front, a growing number of African states are turning to Russia to supply them with military equipment and security services, judging by the...
Algeria-Spain: Despite diplomatic disconnect, Algeria-Spain maintain strong energy ties ($)
Egypt’s economy hit hard by Houthis’ attacks on commercial vessels in the Red Sea
The US and the UK hitting Houthi targets in Yemen is largely the result of a sense of panic taking place in commercial and business circles. The Houthis have clearly identified that there is a choke point that they can squeeze even more to get their positions heard....
