economy upfront Bound

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.

The Maghreb’s Response to U.S. Tariffs and Rising Chinese Influence

U.S. tariffs have not yet affected consumer spending in the Maghreb, but as the tariffs are sending shockwaves through global trade—North Africa is not insulated.

Mauritania and Senegal Launch LNG Exports with First Cargo from Grand Tortue Ahmeyim Project

The first shipment of liquefied natural gas (LNG) from the Grand Tortue Ahmeyim (GTA) project, located offshore between Mauritania and Senegal, has been successfully loaded for export, marking a key milestone for both countries as they join the ranks of LNG-exporting nations.

Morocco to pour $3 billion on high-speed trains ahead of World Cup 2030

Mar 7, 2025

Morocco is moving full steam ahead with its high-speed train projects ahead of the 2030 FIFA World Cup, which it will...

Algeria Opens First of Five Seawater Desalination Plants to Combat Water Shortages

Feb 25, 2025

On Thursday, February 20, 2025, Algeria opened the first of five planned seawater desalination stations, located in...

French energy firm TotalEnergies Exits Mali, Sells Operations to Bénin Petro-Backed Firm

Feb 1, 2025

TotalEnergies has exited Mali, finalizing the sale of its operations to Coly Energy Mali, backed by Bénin Petro. While...

Niger: Nuclear industry in France seeks to appease concerns over Niger’s uranium

Aug 2, 2023

The military coup in Niger last week raises the question of Europe's dependency on uranium mined in the West African...

Tunisia: Panic in Europe over Tunisia’s potential economic collapse

Jul 26, 2023

By Francoise Kadri: Western nations fear an economic collapse in Tunisia could trigger even greater migrant flows to...

Tunisia: Saudi Arabia offers soft loan and grant to financially-troubled Tunisia

Jul 20, 2023

Saudi Arabia on Thursday said it will give Tunisia financial assistance valued at $500 million, including a $100...

Algeria-China agree to strengthen ties

Jul 19, 2023

China's President Xi Jinping pledged on Tuesday stronger ties with Algeria in a meeting with the gas-exporting North...

Algeria reduces oil production to support Saudi’s output cut

Jul 6, 2023

By Robbie Corey-Boulet: Saudi Arabia said on Monday it was extending a voluntary oil production cut and Russia said it...

Libya: Rival governments bicker over oil revenues, threaten to shut down oil operations

Jun 26, 2023

The east-based government, which does not recognise the authority of the Government of National Unity based in...

Algerian airline carrier Air Algerie to purchase eight Boeing 737 MAX-9 aircraft

Jun 20, 2023

Global airliner rivals Boeing and Airbus notched up new orders from Algeria and the Philippines at the Paris Air Show...

Tunisia: Tunisia under pressure to accept IMF reforms

Jun 12, 2023

US Secretary of State Antony Blinken called Monday on Tunisia to agree to IMF reforms and avoid falling off an...

Mali resumes train service on Bamako-Kayes line

Jun 9, 2023

Les opérations de vente de tickets pour le 1er voyage du train ont commencé ce jeudi à Kayes L’engouement de la...

Migrant crisis: Italy wants IMF loan for Tunisia to shield self from migrant crisis

Jun 7, 2023

Italian Prime Minister Giorgia Meloni said on Tuesday Rome backed efforts to secure an IMF bailout for Tunisia and...

Egypt: Suez Canal traffic resumes after broken down tanker tugged away

Jun 4, 2023

Egypt deployed three tugboats Sunday to tow away an oil tanker that had broken down and caused brief delays in the ...

Tunisia’s president considering taxing the wealthy to prevent IMF meddling

Jun 1, 2023

Tunisia's President Kais Saied on Thursday proposed taxing the North African country's wealthiest citizens as a way of...

Algeria’s wheat imports to hit record volumes this summer ($)

May 15, 2023

The Algerian cereal authority, the Interprofessional Cereals Office (OAIC) has just placed a purchase order for soft...

Tunisia: UGTT union chief rejects talks with IMF in fear of tough austerity measures

May 1, 2023

Tunisia's largest union on Monday attacked the government's handling of negotiations with the IMF on a loan to bail...

Morocco: Despite being an agricultural powerhouse, Morocco is experiencing soaring food prices

Apr 18, 2023

By Ismail Bellaouali: Soaring inflation in Morocco is driving up living costs and stirring public anger, and as food...

Morocco applies for $5 bil IMF loan, likely to get the loan

Mar 9, 2023

On 6 March 2023, the International Monetary Fund’s (IMF) Executive Board met in an informal session to consider a...

Tunisia: World Bank suspends new lending to Tunisia after President Saied issued racist comments

Mar 8, 2023

By Paul Raymond: The World Bank has effectively suspended new lending to cash-strapped Tunisia after President Kais...

Egypt to sell citizenship for money to compensate for bankrupt economy

Mar 8, 2023

Egypt announced Wednesday it is offering citizenship to foreign investors willing to spend at least $250,000 in the...

Egypt to build high-speed rail link

Feb 23, 2023

French company NGE announced Thursday it had been awarded a contract to build Egypt's first high-speed rail link, a...

Aviation: Post-Covid Africa remains lackluster market for Boeing and Airbus ($)

Feb 21, 2023

Over the past three years, African airline carriers have been dormant on the procurement front. The Covid pandemic and...

Africa: Troubled African nations say they want to restore some “democratic” order

Feb 20, 2023

By Hillary Orinde: The African Union insisted on Sunday it had "zero tolerance" for undemocratic changes of power and...

Africa: Nigeria’s economy in Turmoil as country braces for a tense presidential elections

Feb 20, 2023

By Joel Olatunde Agoi: Like millions of fellow Nigerians, Rotimi Bankole says he wants to use Saturday's presidential...

Construction of a Morocco-Spain tunnel under consideration but challenges abound

Feb 9, 2023

By Valentin Bontemps: In limbo for years, plans for a tunnel linking Spain and Morocco have been officially revived by...

Egypt: Channeling more than 1.4 billion tons of cargo, Suez Canal sees revenues up 77% in 2022

Jan 25, 2023

Egypt's Suez Canal Authority announced Wednesday an all-time annual revenue record, earning $8 billion in transit fees...

Energy: New Italian PM heads to Algeria to secure more gas

Jan 23, 2023

Italian Prime Minister Giorgia Meloni agreed Monday to strengthen energy cooperation with Africa's top gas exporter...

Economy: Tunisia gets food donations from Libya

Jan 20, 2023

Food shortages and rising cost of commodities in Tunisia: briefly explained Conflict-wracked Libya donated several...

Egypt faces major risks this year as economy continues to fall apart

Jan 11, 2023

“Chicken feet are good for you…” The Egyptian pound traded Wednesday at half its value from March after the central...

Tunisia facing daunting economic outlook, headed to IMF bailout

Jan 6, 2023

Tunisia faces a year of low economic growth and runaway inflation, and urgently needs a bailout deal with the...

Morocco’s argan industry in need of stimulus

Jan 3, 2023

By Kaouther Larbi: Morocco's argan oil is highly prized by the cosmetics industry, yet it is now mostly produced by...

Algeria makes baby steps to stimulate tourism sector, but just in the Sahara

Dec 29, 2022

Algeria will allow foreign tourists heading to its vast desert south to obtain visas on arrival, part of efforts to...

Tunisia: While waiting for an international bailout, Tunisia looks to raise taxes to stay afloat

Dec 27, 2022

Tunisia's finance minister unveiled a budget Monday aiming to use new tax revenues to claw the deficit back to near...

Egypt: Suez Canal chief seeks to dispel fears over draft Egypt law

Dec 23, 2022

The chairman of Egypt's Suez Canal on Thursday affirmed the waterway is "not for sale", in a bid to allay fears over a...

Algeria troubled by Europe’s gas price cap

Dec 21, 2022

Africa's top gas exporter Algeria on Tuesday spoke out against a European Union price cap on natural gas, saying it...

While Algerian gas keeps flowing into Spain, trade between the two is frozen

Dec 8, 2022

By Valentin Bontemps: Six months after Algeria cut ties with Spain following a spat over disputed Western Sahara,...

Morocco’s fertilizer export earnings to reach new records, used in diplomatic competition

Dec 5, 2022

By Ismail Bellaouali: A global fertiliser supply shock deepened by Russia's Ukraine invasion has brought boom times...

Egypt: Lawyers, pharmacists, doctors angry at new electronic invoicing system

Dec 5, 2022

In a rare public show of protest in Egypt, "thousands of lawyers" staged a demonstration at their union in central...

European plane maker Airbus to pay less than 16 mil. euro to avoid corruption probe

Dec 1, 2022

A French judge on Wednesday allowed European aerospace firm Airbus to pay 15.9 million euros ($16.4 million) to avoid...

Niger has a non-existent economy despite uranium wealth

Nov 29, 2022

By Boureima Hama with Pierre Donadieu in Abidjan Prospects for the world's nuclear industry have been boosted by the...

Podcast: Food shortages and rising cost of commodities in Tunisia: briefly explained

Nov 28, 2022

Arezki Daoud of MEA Risk and The North Africa Journal visited Tunisia this November and is bringing better...

Egyptians expect more hardship as Cairo gets $3 billion loan from IMF. Currency value plunges 17%

Oct 27, 2022

Egypt has clinched a $3 billion loan deal with the International Monetary Fund conditioned on a currency depreciation...

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