Egypt has announced a 15-percent increase in petrol prices, which will come into effect on Friday, as part of a reform package requested by the International
Monetary Fund to proceed with a $5 billion loan to the cash-strapped
government.
Reporting by AFP said the announcement comes ahead of an IMF meeting on Monday to review the April payout package, unlocking $820 million in funds after Cairo received another such tranche of the loan in late June.
Algeria will import one million sheep ahead of the Islamic holiday Eid al-Adha in June, President Abdelmadjid Tebboune announced Sunday,
Morocco has been ranked the most economically free country in North Africa, according to the 2025 Index of Economic Freedom,
Egypt’s annual inflation rate fell to 12.5% in February, down from 23.2% in January, as the country
French automaker Renault remains unable to reopen its factory in Oran, Algeria, as political tensions between Paris and Algiers stall
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