Business & Economy Bound

Egyptian Prime Minister Mostafa Madbouli announced Sunday a string of planned privatisations of state-owned companies, as Cairo grapples with an economic crisis and inflation at almost 15 percent. Following years of accusations of state companies crowding out private...

By Patrick Markey and Joel Olatunde Agoi From airlines in Nigeria to shoppers in Malawi, Africans are feeling the impact of the Ukraine crisis in wrenching increases in the price of fuel, grain and fertiliser. Global oil prices scaled decade-long highs of more than...

By Bassem Aboualabass Soaring bread prices sparked by Russia's invasion of Ukraine have bitten into the purchasing power of consumers in Egypt, a leading importer of wheat from the former Soviet states. For the first time since he took office, President Abdel Fattah...

Moroccan truck drivers are observing a three-day strike in protest at spiralling fuel costs, a union said Tuesday, as oil prices spike over Russia's war in Ukraine.  Around three quarters of drivers are observing the strike, said Mounir Benazouz of the SNPTR truckers'...