Business & Economy Bound

Egypt: After wishing each other a happy new year, Egyptians see price hikes that will make 2024 not such a happy yearF

Immediately after “winning” a third term at the end of December 2023, President Abdelfattah Al-Sisi ordered the “progressive” dismantling of the so-called subsidies. Overnight, as the calendar shifted to 2024, the prices of electricity increased by as much as 26%. As you would expect many other products followed immediately, such as the prices for accessing the Internet up 33%, the price of Cairo metro ticket up by 20%. And that’s just the beginning. In the coming weeks and months, check out the prices of food and basic commodities soaring again, as the Egyptian Pound likely to lose more value.

North Africa’s use of drones in the agricultural sectorF

By Aymen Jamli: A drone buzzed back and forth above rows of verdant orange trees planted near Nabeul, eastern Tunisia. The black unmanned aircraft, equipped with a multi-lens camera and sensors, has been enlisted by Tunisian farmers to help adapt to years of drought...

Morocco: Managem denies hazardous levels of arsenic at Bou Azzer cobalt mineF

Moroccan mining company Managem, controlled by Morocco's royal family, has refuted allegations linking its mining activities to arsenic contamination in the local water supply. Associated Press says  Managem Group, a subsidiary of Al Mada Group, released a statement...

Libya: Companies flock to Benghazi for reconstruction projectsF

More than 260 Libyan and international companies on Wednesday attended a forum in Benghazi organised by the country's eastern authorities with the hope of rebuilding the flood-ravaged city of Derna. On September 10, Storm Daniel hit the east coast of Libya, causing...

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