Business & Economy Bound

The North Africa Journal - Protestors seeking social and economic development for the Fezzan region, located in the southwestern Libya, forced the shutdown of the Sharara oil field, in a protest movement aimed at getting government attention to the plight of the local...

Drought is wreaking havoc on North Africa’s water supply and on its agriculture. All countries in the region are facing a dangerous water outlook. For example, cash-strapped Tunisia is expected to import almost all its cereal needs. During his visit to Tunis at the...

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.