North Africa’s Economy

Algeria Pushes for Ambitious Cashless Economy by 2028$

Algeria’s central bank has set a goal to phase out cash transactions completely by 2028, launching an ambitious strategy to expand digital payments and modernize the financial system. But with most Algerians relying on cash, skepticism remains over how quickly this transition will take place.

Egypt Draws a Red Line on Nile Rights in GERD Dispute$

Egypt has reiterated that the Nile River is an “existential issue” for his country, warning that Cairo will not compromise or tolerate unilateral measures over its water security. Egypt says it is relying on international law to defend its rights as tensions continue with Ethiopia over the Grand Ethiopian Renaissance Dam.