Economy and Investment
95 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.
Algeria launches new mining law to break resource dependency
Algeria's sweeping New Mining Law aims to transform a sector long overshadowed by hydrocarbons, opening the door to foreign investment and competitive tenders while regional neighbors clamp down on foreign access. The stakes are high for Algeria's economic future.
Algeria and Slovakia launch new phase of bilateral cooperation
Algeria and Slovakia have announced a new phase of joint cooperation, targeting expanded economic, political, and cultural ties. The move signals a calculated effort to deepen bilateral relations and unlock new opportunities for trade and investment.
Algeria faces fiscal strain as non-oil sectors struggle to offset energy losses
Algeria's push to diversify away from oil and gas is showing early momentum in industry and mining, yet the country's public finances remain exposed as energy revenues falter and the budget deficit widens beyond 10 percent of GDP.
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.
Tunisia's offshore banks abandon local lending as profits and purpose fade
Tunisia's non-resident banks, once intended to channel foreign capital into the domestic economy, now account for just 3.5% of sector assets and are shifting their focus abroad, with declining profits and minimal impact on local financing.
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.
Morocco launches national AI strategy with bold economic targets
Morocco has moved from planning to implementation on its national AI strategy, targeting 100 billion dirhams in GDP value and 50,000 jobs by 2030, with a focus on digital sovereignty and homegrown innovation.
Libya seeks Chinese partnership for reconstruction and technology investment
Libya is actively courting Chinese investment and technical know-how to drive its reconstruction and development agenda, with a focus on water resources and artificial intelligence. High-level talks in Tripoli signal a push for deeper bilateral cooperation and concrete project delivery.
Morocco's Left Alliance unveils $53 billion plan for sweeping social reforms
Morocco's Left Alliance has launched a $53 billion election program promising 431 measures, including a unified minimum wage and expanded social support, as rival parties escalate spending pledges ahead of the 2026 parliamentary elections.
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.
Tunisia Faces Rising Debt as Fitch Maintains B Minus Rating
Fitch Ratings has kept Tunisia's sovereign rating at B minus with a stable outlook, highlighting the country's ability to withstand external shocks but warning of persistent fiscal deficits and mounting government debt that far exceed regional peers.
Greece and Denmark back Morocco autonomy plan for Western Sahara
Greece and Denmark have publicly endorsed Morocco's autonomy plan for Western Sahara, aligning with UN Resolution 2797 and the EU position. Their stance signals a shift in European consensus and opens new channels for economic cooperation with Rabat.
Libya imposes flour price ceiling to stabilise bread market
Libya has set a maximum price of 280 dinars per qintar for flour sold to bakeries, aiming to curb bread price volatility and address subsidy abuse. The move follows a summer of shortages and signals tighter state-market coordination.
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.
Libya launches crackdown on bakery subsidies after bread crisis
Libya's government is rolling out a sweeping electronic and field-based monitoring system for bakeries, aiming to end chronic bread shortages and stamp out subsidy abuse after this summer's supply crisis exposed deep flaws in the country's food security model.
Algeria China Trade Surges as Direct Air Link to Shanghai Announced
Algeria and China have recorded $9 billion in trade in just six months of 2024, a 28% jump over last year. The imminent launch of a direct Algiers-Shanghai air route signals intensifying economic and strategic cooperation.
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.
Libya clamps down on currency smuggling with new import restrictions
Libya's Ministry of Economy and Trade has imposed sweeping new controls on commercial imports, aiming to halt the outflow of hard currency through fraudulent letters of credit and under-invoiced shipments. The ban on informal imports takes effect September 30.
Tunisia plunges to record low in global investment freedom ranking
Tunisia has fallen to 164th out of 175 countries in the 2026 Investment Freedom Index, scoring just 20 points and highlighting severe obstacles for investors as regional competitors surge ahead.
Egypt pursues AIIB funding for climate resilient infrastructure projects
Egypt is intensifying talks with the Asian Infrastructure Investment Bank to secure financing for sustainable and climate resilient infrastructure, aiming to leverage its geographic position to connect Asian capital with African development priorities.
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.
Comoros launches solar power plants to cut diesel reliance
Three solar power plants with battery storage have gone live in the Comoros, targeting a 13 percent share of national electricity demand and aiming to reduce the country's near-total dependence on imported diesel. The project is financed by the UAE and operated by Global South Utilities.
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.
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.
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