North Africa’s Economy
Algeria Officially Joins ASEAN
Algeria just made a big splash on the global stage, officially joining ASEAN as a partner (What is Asean: An Explainer). The North African nation is essentially hitting the reset button on its foreign policy, shifting its gaze from its usual European and Mediterranean...
Egypt: Inflation Creeps Back Up While Foreign Reserves Shrink
Egypt’s inflation jumps and foreign reserves dip, raising fresh concerns about the country’s fragile economic recovery.
Algeria Cuts French Imports in Bid for Self-Sufficiency and Diversification
France once held a firm place in Algeria’s food supply chain, from wheat fields in Burgundy to cattle farms in the Auvergne. But over the past year, that connection has weakened. Quietly but steadily, Algeria has stopped importing key French agricultural products—first wheat, then young cattle—while looking elsewhere to meet its needs.
Algeria Confirms Gold and Marble Reserves, Signals Opening of Mining Sector to Foreign Investment
Algeria updates gold and marble reserve figures and plans to ease foreign investment rules in mining.
Morocco Wields Antidumping Measures to Shield Key Industries from Foreign Price Pressures
Morocco steps up antidumping measures to protect key industries from unfair foreign pricing.
Guinea’s Mining Purge Echoes Mali’s Playbook, With Different Goals
Guinea’s junta has launched a sweeping crackdown on mining permits, abruptly revoking over 100 licenses for bauxite, gold, iron ore, and diamond projects in a bold move to “clean up” the sector. The decision targets firms accused of hoarding land without development or violating Guinea’s mining code.
West Africa: Despite Record Oil Production, Senegal Faces Fuel Price Pressure
In Senegal, drivers are feeling the pinch as fuel prices soar to the highest levels in the entire WAEMU region—even though the country pumped out 16 million barrels of oil in 2024. Government officials say relief is coming, thanks to plans to process oil locally and tap into natural gas reserves. But with living costs climbing and no visible change in sight, talk of strikes is starting to surface.
Egypt: Challenged Energy Sector Faces Another Brutal Summer
Egypt faces a deepening energy crisis as natural gas production crashes 39%, forcing a return to costly LNG imports and the unpopular decision to use polluting fuel oil.
Libya’s Oil Ambitions Undermined by Governance Gridlock
Libya’s energy sector is booming with foreign investment, but political fragmentation and economic instability threaten to derail long-term progress.
Libya: Eni Leads Charge in Libya’s Energy Revival
Eni leads a surge of investment in Libya’s energy sector, fueling growth through offshore drilling and revitalized industrial facilities.