Business & Economy Bound

Egypt joins China’s tariff-free initiative as Beijing opens its market to nearly all of Africa✓

Egypt joined China’s expanded zero-tariff scheme on 1 May 2026, gaining duty-free access to the Chinese market alongside 52 other African countries with diplomatic ties to Beijing. The move eliminates tariffs that previously ran from 8 to 30 percent on key Egyptian exports, though the arrangement is a two-year preferential window through April 2028 rather than a permanent deal, and non-tariff barriers like rules of origin and phytosanitary standards still apply.

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Egypt Clears $6.1 Billion Oil and Gas Arrears, Energy Sector Looks to Rebuild Investor Trust✓

Egypt has fully paid the $6.1 billion in arrears it owed foreign oil and gas partners, ending a multi-year backlog tied to its foreign-currency crunch. With the debt paid down to zero by mid-2026, officials are pairing the settlement with new investment incentives and a push to revive onshore drilling, aiming to reverse years of declining crude output.

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Algeria’s Northern Grain Farmers Push Back Against the Government’s Saharan Wheat Strategy$

Northern Algerian farmers are pushing back on the government’s Saharan wheat strategy after equipment shortages disrupted this summer’s record harvest, according to local media.

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Energy: Africa’s LNG surging to global leverage$

Africa is no longer just a fallback option in liquefied natural gas. With Nigeria boosting capacity, Algeria reinforcing its role as a core supplier to Europe, and Mozambique building one of the world’s biggest LNG hubs, the continent is turning into a strategic supplier for Europe and Asia, offering both new volumes and shorter, more flexible delivery routes.

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