Business & Economy Bound
Tunisia: Phosphate company signals recovery after a three-year decline (S)
Libya: Protesters force closure of El Sharara oil field over local economics
The North Africa Journal - Protestors seeking social and economic development for the Fezzan region, located in the...
Tunisia: Protesters block key pipeline in Tataouine
Tunis, July 17, 2020 - Protesters demanding jobs in Tunisia's marginalised south have blocked a key pipeline carrying...
Algeria: Sonatrach rep in Lebanon among those charged by judge in tainted fuel scandal
Beirut, July 10, 2020 - A Lebanese investigative judge charged dozens of people including top officials Friday over a...
Libya’s oil production to resume after lifting force majeur
Tripoli, July 10, 2020 - The Libyan National Oil Company announced Friday the resumption of oil production and exports...
Egypt: Cairo has two new airports
President Abdel Fattah al-Sisi on Monday inaugurated two more airports near Cairo in a bid to lure tourists as Egypt...
Egypt’s Shalateen Mining Company finds gold deposits in Eastern Desert
Egypt has discovered a gold deposit estimated at more than one million ounces in the country's southeast, the...
Egypt’s debt rising: $5 billion more from IMF
The IMF board on Friday approved a one-year, $5.2 billion financing package for Egypt to help the country alleviate...
Tunisia: Prime Minister predicts just 7% GDP contraction
Tunis, June 25, 2020 - Tunisian Prime Minister Elyes Fakhfakh warned Thursday that his country's economy, hit hard by...
Algeria: Sonatrach oil company operating without CFO
Since March 2020, Sonatrach has been operating without a Chief Finance Officer (CFO), despite a presidential decree...
Egypt wants tourists to return, reopening Red Sea resorts
Cairo, June 10, 2020 - Hotels have ramped up hygiene, archaeological sites have been sanitised and beaches cleaned up...
Libya: With Haftar forces on the run, Libya resumes oil production at al-Fil
Tripoli, June 8, 2020 - Libya's National Oil Company said Monday it had restarted production at Al-Fil oil field,...
Egypt’s debt rising with another large IMF loan
An IMF team has agreed on a one-year, $5.2 billion financing package for Egypt to help the country alleviate the...
Algeria: Sonatrach’s CEO under fire for conflict of interest and nepotism as company faces dismal outlook ($)
Several Algerian media have reported that Toufik Hakkar, the CEO of Sonatrach, has been spending unusually high amount...
Tunisia: Tourism sector loses over $2 billion with no sign of recovery
Tunis, May 18, 2020 - As the novel coronavirus pandemic wipes out a recovery from jihadist attacks in 2015, Tunisia's...
Algeria: Kia to suspend car assembly in Algeria
Algiers, May 15, 2020 - South Korean carmaker Kia will shut down its assembly line in Algeria from Sunday due to...
Algeria: Sonatrach implicated in tainted fuel export to Lebanon
Beirut, May 13, 2020 - A Lebanese prosecutor on Wednesday pressed charges against 12 people including government...
Economy: Nigeria’s collapsing revenues
Abuja, May 5, 2020 - Oil-rich Nigeria is losing more than 80 percent of its revenue due to plummeting oil prices and...
Morocco: After launching spy app, Morocco deploys surveillance drones
Rabat, May 6, 2020 - Morocco has rapidly expanded its fleet of drones as it battles the coronavirus pandemic,...
Algeria announces deeper spending cuts but says minimum wage up a bit
The Algerian government decided Sunday to reduce the state budget by half due to a financial crisis caused by the...
Africa: How to pay a country’s debt with cows
Angola has received a herd of more than 1,000 cattle from Chad, a government official said Monday, the latest shipment...
Algeria: Oil prices, virus, instability put Algeria on edge
Algiers, April 12, 2020 (By Amal Belalloufi with Philippe Agret in Tunis) - Algeria faces economic and social turmoil...
Tunisia gets emergency loan from the IMF
April 10, 2020 - The International Monetary Fund on Friday approved a $745 million emergency loan for Tunisia as it...
Food supply: The struggle to maintain normalcy in time of pandemic
Algiers, April 9, 2020 (By Abdellah Cheballah) - From an acute shortage of regional staple couscous to a surge of...
Morocco to get IMF loan to soften impact of coronavirus on the economy
Rabat, April 8, 2020 - Morocco on Wednesday announced it has started to draw on a $3-billion credit line from the...
Morocco: Royal Air Maroc hit hard by the Covid-19 crisis, slashes pilot pays by 30% (s)
While air transport is one of the sectors most affected by border closings in Morocco and the declaration of a state...
Algeria looking to renew chloroquine stocks as it generalizes its use (s)
MEA Risk LLC: Algeria is urgently looking for international suppliers who can immediately sell large stocks of...
Morocco: The big scam in Casablanca
Casablanca, Morocco, April 2, 2020 (By Hamza Mekouar) - "Give us our money!", demands a group of home buyers, standing...
Maghreb: Media as collateral damage of Covid-19
April 2, 2020 - Measures to stem the novel coronavirus pandemic have affected the distribution and publication of...
North Africa faces unprecedented economic crisis
Listen to the podcast above or read the transcript below. Download MP3 file here. 26 March 2020: By Arezki Daoud:...
North Africans rush to Sanofi, betting on its antimalarials to fight Covid-19
The Algerian Minister of Health, Population and Hospital Reform announced on 23 March the use of a drug to treat...
Algeria: Appeals court uphold prison sentences for corrupt former Prime Ministers
Algiers, March 25, 2020 - An Algerian appeals court has upheld sentences of over ten years in prison for two former...
Authorities seek to appease population on food supply amid virus containment phase
Just as in many countries, North Africans have been flocking to their neighborhood markets, increasing their shopping...
Egypt: 20 killed in floods, as Egypt is unable to fix its crumbling infrastructure
Cairo, March 13, 2020 - Heavy rains and flooding have killed around 20 people in Egypt, Prime Minister Mostafa...
Morocco suspends major travel links
MEA Risk Brief: In a drastic move aimed at halting the spread of the coronavirus, Morocco announced the suspension of...
Food and grocery shopping skyrockets in Tunisia
MEA Risk Brief: The average daily purchases of food products in Tunisia, including couscous, semolina, flour, pasta,...
Egypt: Mubarak’s sons cleared by court in market manipulation case
Cairo, Feb 22, 2020 - An Egyptian court on Saturday acquitted two sons of former Egyptian president Hosni Mubarak and...
Egypt confronts Ethiopia over future access to Nile’s water
Addis Ababa, Feb 18, 2020 - US Secretary of State Mike Pompeo said Tuesday that it could take "months" to resolve a...
North Africa confronting tough climate change
Skoura, Morocco, Feb 14, 2020 (By Ismail Bellaouali) - Dead palm trees lie on dry, yellowish earth near an abandoned...
Algeria faces economic turmoil and nothing that Tebboune is doing will fix anything
By Arezki Daoud - (13 February 2020): The Algerian government appears clueless when it comes to fixing the economy, or...
Demographic milestone: Egypt’s population exceeds 100 million
Cairo, Feb 11, 2020 - Egypt's population has passed 100 million, its statistics agency said Tuesday, highlighting the...
Business: Coronavirus likely to force more oil production cuts
Algiers, Feb 8, 2020 - A committee appointed by the OPEC club of oil-producing countries and its allies to study the...