Economy and Investment
80 articles
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.
Oran Surges Past Algiers in Global Mobile Internet Speed Rankings
Oran has leapfrogged into the global Top 50 for mobile internet speeds, joining Algiers and placing Algeria alongside digital leaders like South Korea and the US. The country's telecom infrastructure is undergoing a rapid transformation with record-breaking gains.
Euro Surges on Algeria's Parallel Market as Currency Pressures Intensify
The euro has jumped to 27,700 dinars per 100 euros on Algeria's parallel market, breaking weeks of stability as dwindling summer inflows and surging demand from students and car importers squeeze currency supply and expose persistent market imbalances.
Algeria Launches Probe into Billions in Suspect Import Requests
Algeria's Ministry of Commerce has opened a sweeping investigation after thousands of small firms filed import requests worth over $130 billion, raising red flags over possible fraud and regulatory evasion in the country's trade system.
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.
Mauritania Faces IMF Pressure to Overhaul Public Sector Financial Data
Mauritania's finance ministry is under renewed scrutiny as the IMF pushes for a comprehensive upgrade of public institution financial data, with officials debating how to modernise collection and verification systems to meet international standards.
Japanese Parliamentary Delegation eyes Libya visit for energy summit
Japan's Libyan-Japanese Parliamentary Friendship Association is weighing a visit to Libya to coincide with the Libya Energy and Economic Summit in January 2027, signaling renewed Japanese interest in Libya's energy and economic sectors.
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.
Libya's E-Payment Surge: LD 765 Billion in Digital Transactions Reshapes Banking
Libya's banking sector processed nearly LD 765 billion in electronic payments in just eight months of 2026, as the Central Bank pushes for digital transformation and tighter oversight amid liquidity and currency access challenges.
Nouakchott Launches Market Sweep to Enforce Red Meat Price Caps
Mauritania's government has deployed joint inspection teams across Nouakchott to enforce newly fixed red meat prices, aiming to curb speculation and protect household purchasing power amid mounting cost-of-living pressures.
Libya Secures Japanese Health Technology and Training in Landmark Deal
Libya has signed its first health sector cooperation memorandum with Japan, unlocking access to advanced Japanese medical technology, training, and institutional expertise. The agreement signals a strategic push to modernize Libya's struggling healthcare system through international partnerships.
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.
Tunisia and Germany Seek Reset on Economic and Education Ties
President Kais Saied used a high-profile meeting with German Foreign Minister Johann Wadephul to demand a fundamental overhaul of Tunisia's economic relationship with Europe, calling for fairer agreements and a shift from debt to investment.
Mauritania Targets 10,000 New Agricultural Jobs with Al-Rakba Project
Mauritania's government is moving to launch the Al-Rakba agricultural project in Brakna, aiming to create 10,000 jobs for youth and women across five wilayas. The initiative is backed by over 6 billion MRO in joint funding with the Islamic Development Bank.
Algeria Awards Land for Four Major Projects, Promising 1,300 New Jobs
Algeria's investment agency has granted land concessions for four new projects in Bordj Bou Arreridj and Blida, targeting agro-industry and digital infrastructure. The initiatives are expected to generate over 1,300 direct jobs and signal a push to diversify the economy.
Blue Economy Strategy Moves Forward as Minister Reviews Priority Projects
Morocco's Planning Minister Mohammed Al-Zaidani has accelerated the review of priority blue economy projects, aiming to align national marine resource development with the 2030 Agenda for Sustainable Development and unlock new economic sectors.
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