Algeria’s 2026 finance law, officially published in the government gazette on Wednesday and entered into force on...
Business & Economy Bound
North Africa Tests the Limits of Ride-Hailing as Uber Returns Under Tight Control
Morocco is once again testing the boundaries of app-based urban transport, reopening a politically sensitive debate...
Tunisia Shows Measured Economic Stabilization After Years of Strain
After several years of economic strain, Tunisia showed signs of gradual stabilization over the past 24 months. While...
Tunisia: Worsening economy risks destabilizing Tunisia
Tens of thousands of Tunisians have lost their jobs in a worsening economic crisis exacerbated by efforts to stem...
Tunisia’s tourism sector collapses with 60% drop in earnings
Tunisia's tourism sector has collapsed, officials warned Saturday, with earnings plunging 60 percent and swathes of...
Libya: Russian and other mercenaries still impeding oil sector activity in Libya
"force majeure continues on the oil fields and ports that confirmed the presence of elements of Wagner gangs and other...
Libya: Warlord Khalifa Haftar wants money from oil revenues as condition to lift blockade of oil fields
Libyan strongman Khalifa Haftar announced Friday a conditional lifting of a months-long blockade on oilfields and...
Economy: Plethora of problems are hitting Algerian winemakers hard
Sidi Bel Abbes, Algeria - Algerian winemaker Dahmane Hamamouche used to rise early and rush to work each morning, but...
Morocco: Business sector bracing for hard times ahead ($)
The Moroccan economic sector is struggling with the effects of Covid-19. Some businesses are being punished for...
Companies: Series of blunders result in millions of dollars of losses to Algeria oil firm Sonatrach ($)
After the disastrous oil leaks last week that took place on one of its pipelines in El-Oued and the problems that...
As Algeria-EU trade deal approaches, Algerian officials want new terms
Algiers, Aug 23, 2020 - Days ahead of a final deadline, activation of a long-planned Algeria-EU trade deal risks...
Opec reports members’ conformity to lower production, signals market improvements
Opec ministers stuck to an agreement to lower oil production at a monthly meeting Wednesday, underlining that only...
Libya: Tripoli airport re-opens
Tripoli, Aug 11, 2020 - Flights out of the Libyan capital's only working airport have resumed, after a four-month...
Algeria: With a bankrupt economy and poor governance, Algeria wants to revisit its trade agreement with EU
Algiers, Aug 10, 2020 - Algeria's president has requested the country's trade minister reassess a deal with the...
Algeria: Currency depreciation, inflation, recession, and the pandemic: an economy in turmoil
Algiers, Aug 9, 2020 - [Photo: Algerian retirees queuing to withdraw their pensions during a cash crunch in July 2020]...
Morocco travel sector facing a daunting outlook
The resumption of domestic flights at the end of June in Morocco, followed by a partial reopening of borders on July...
Egypt: Impasse in talks over Nile dam. Sudan threatens to withdraw
Egypt on Tuesday called for a suspension of meetings with Ethiopia on Addis Ababa's massive dam construction project...
Former and current ENI CEOs in trouble over alleged bribery in Nigeria
North Africa Journal's editor's note: Although this case is on ENI's alleged corruption case in Nigeria, ENI's...
Libya’s businesses in ruin
Libyan businessman Mahmud al-Sharkassi surveyed the ruins of his factory on the outskirts of war-scarred capital...
Algeria: The economic cost of the Covid-19 epidemic in Algeria
Algiers, July 18, 2020- Algeria said Saturday that the coronavirus crisis on top of falling oil prices have caused...
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...





































