Business and Companies
55 articles
STIP swings to profit as cash strain and falling sales cloud outlook
STIP has posted a net profit of TND 4.7 million for 2025 after a year of deep losses, but the recovery is overshadowed by a sharp revenue drop, negative cash flow, and mounting liabilities that threaten the company's stability.
Algeria and Chad launch joint push in hydrocarbons sector
Algeria and Chad have initiated a targeted mission to deepen collaboration in hydrocarbons, signaling a calculated move to strengthen economic ties and leverage shared energy interests across North Africa and the Sahel.
Fabtech completes turnkey cleanroom for Algerian veterinary plant
Fabtech Technologies has delivered a full-scale cleanroom and MEP solution for an undisclosed veterinary manufacturing facility in Algeria, marking another strategic investment in the country's pharmaceutical infrastructure and regional supply chain.
Libya targets industrial revival through international business partnerships
Libya is moving to break its reliance on oil by leveraging international business partnerships that focus on industrial capacity, supply chains and skills transfer. Major projects in steel and infrastructure are setting a new precedent for economic diversification.
UBCI accelerates asset and profit growth in Tunisia banking sector
UBCI has posted double-digit growth in assets, loans, and deposits for H1 2026, with net profit up nearly 10 percent. The bank's expansion signals renewed confidence in Tunisia's financial sector and its role in supporting economic activity.
Chinese Automotive Investment Transforms Morocco into Europe Facing Hub
Morocco is rapidly becoming the primary gateway for Chinese automakers and suppliers targeting Europe, with record investment in battery and component factories. This shift is redrawing the competitive map for the automotive industry across the Mediterranean.
India and Morocco move to joint defence projects after New Delhi summit
India and Morocco have advanced their defence partnership by launching their Joint Defence Committee in New Delhi, setting the stage for joint projects, technology sharing, and deeper military-industrial ties ahead of the 70th anniversary of diplomatic relations.
SLB commits to deeper investment in Libya oil sector partnership
SLB has declared it will not scale back in Libya and instead plans to expand investment and operations to support the National Oil Corporation's production ambitions, as NOC leadership demands concrete long term commitments amid rising competition.
Guinea-Bissau targets Moroccan investment with economic promotion drive
Guinea-Bissau has launched a week-long economic promotion campaign in Morocco, aiming to attract Moroccan investment and forge new business partnerships across infrastructure, agriculture, energy, tourism, and finance. The initiative signals a strategic effort to reposition Guinea-Bissau as a credible partner for Moroccan capital and expertise.
India targets Algerian mining sector for strategic technology partnership
India is moving to deepen its economic footprint in Algeria by prioritising technology transfer and joint ventures in the mining sector, as Ambassador Swati Vijay Kulkarni calls for a concrete action plan to modernise Algeria's mineral value chain.
North Africa Bank to enable direct Alipay payments from Libya to China
Libya's North Africa Bank is set to launch a direct payment service to China via Alipay, allowing Libyan account holders to make mobile transactions for Chinese goods and services. The move signals a new phase in Libya's financial connectivity with Asia.
Morocco secures Synhelion synthetic fuel plant in Tan-Tan
Morocco has landed a major clean-energy investment as Synhelion signs a deal to build a synthetic fuel plant in Tan-Tan, aiming for 100000 tonnes of renewable fuel annually and positioning the country as a regional green industry hub.
Indian Exporters Target New Sectors in Algeria as Trade Diversifies
Indian exports to Algeria are rapidly expanding beyond traditional goods, with engineering, pharmaceuticals, and agri-food products now leading the charge. This shift is opening new commercial opportunities for Indian businesses seeking a foothold in North Africa's evolving markets.
Moroccan Startup One Med Link Targets Hospital Data Bottlenecks with AI Platform
One Med Link is rolling out an AI-powered platform designed to streamline clinical workflows and structure health data in Moroccan hospitals, aiming to address inefficiencies and underrepresentation of African data in global medical research.
Al-Ittihad Forces Record Transfer for Hadj Moussa After Feyenoord Standoff
Al-Ittihad has secured Algerian international Anis Hadj Moussa from Feyenoord in a €40 million move, shattering the Dutch club's sales record and highlighting the Gulf's growing pull on North African talent. The deal awaits only a final bank guarantee.
Garnest sets aggressive growth targets for Egypt vacation rental market
Garnest, a vacation rental booking platform, is pursuing rapid expansion in Egypt with ambitions to reach 100,000 customers and 10,000 accommodation listings after an initial surge in users and properties. The company is also preparing to diversify its travel services.
Masyaf Ras Al Hekma construction accelerates as phase two launches
M squared has reached 41 percent construction completion at Masyaf Ras Al Hekma, with phase two now underway and 70 percent of units sold. The project is expanding its commercial and lifestyle offerings as it targets full delivery by 2027.
Modon Developments accelerates Green River Tower construction in New Capital
Modon Developments has committed EGP 5bn to the Green River Tower in Egypt's New Administrative Capital, with construction now over halfway complete and a push to deliver the project within eight months. The tower will offer commercial, office, and hotel space.
Spanish and Libyan Chambers Drive Direct Business Engagement in Tripoli
Spanish and Libyan business leaders are accelerating commercial ties with a multisector mission in Tripoli, leveraging direct air connectivity and targeted B2B meetings to unlock new trade and investment opportunities across food, tobacco, and electrical sectors.
Harouge Oil Operations lifts output with new Amal Field well
Harouge Oil Operations has brought its B79A replacement well online at the Amal Field in Libya, adding 2000 barrels per day to production as part of a targeted 2026 capacity expansion. The move signals renewed momentum in Libya's oil sector.
US Business Delegation Defies Travel Warning to Pursue Libya Projects
American executives landed in Benghazi for the Libyan-American Development and Reconstruction Forum, pushing for concrete partnerships and project launches even as the US State Department maintains its highest-level travel warning for Libya.
Egypt launches EU partnership to overhaul technical education for industry
Egypt has joined the EU-backed AlignVET project, aiming to redesign technical and vocational education by embedding industry requirements into curricula. The initiative targets the ready-made garments and home textiles sector, with manufacturers shaping training to match real factory needs.
Algérie Ferries launches early bookings for 2026 autumn and winter sailings
Algérie Ferries has opened reservations for its 2026-2027 autumn and winter season, allowing passengers to secure tickets for cross-Mediterranean routes well in advance. The move signals a push for early planning and digital access for Algerian maritime travel.
Libya and South Korea set date for economic forum in Tripoli
Libya and South Korea have locked in 28 September 2026 for a major economic cooperation forum in Tripoli, with officials now pushing for visa exemptions and direct business meetings to accelerate investment and trade between the two countries.
Tripoli Chamber Targets Spanish Investment Surge with B2B Push
Libya's Tripoli Chamber of Commerce is set to host targeted B2B meetings with Spanish firms, aiming to unlock new investment in food, cleaning, tobacco, and electrical sectors-signaling a calculated move to diversify Libya's economic partnerships.
Libya Courts Tunisian Investors to Boost Local Building Materials Industry
Libya's Ministry of Housing and Reconstruction is seeking to accelerate domestic building materials manufacturing by leveraging Tunisian investor expertise, aiming to reduce import reliance and strengthen the country's construction sector.
Expro Launches $380m Well Services Contract in Algeria
Expro has commenced a four-year, $380 million contract in Algeria to optimise hydrocarbon production and well management across multiple fields, marking one of its largest projects in North Africa and reinforcing Algeria's upstream investment drive.
Algeria Rises to 8th Largest Importer of Egyptian Food Products
Algeria has become the eighth largest global importer of Egyptian food products, with imports rising 29% to $159 million between January and July 2026, reflecting deepening trade ties and shifting regional market dynamics.
Saudi Companies Eye Entry into Libyan Market for Strategic Partnerships
Major Saudi companies are preparing to enter the Libyan market, with plans for bilateral meetings aimed at exploring cooperation and forming strategic partnerships. The move signals growing economic engagement between Libya and Saudi Arabia across multiple sectors.
NOC Engages US Universities to Boost Training and Streamline Deployment
Libya's National Oil Corporation has held a virtual meeting with leading US universities and the US Embassy to enhance the quality of its workforce training and simplify visa and deployment processes for technical staff.
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