Economy and Investment - Page 2
95 articles
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.
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.
Egypt launches €271m digital platform to accelerate green investment
Egypt has introduced the IDEIA digital platform to streamline environmental impact assessments, aiming to reduce investment delays, enforce environmental standards, and support green industry with €271m in European and national funding.
Senegal Agrees to IMF Debt Restructuring for $2.2 Billion Programme
Senegal has reached a staff-level agreement with the IMF for a $2.2 billion, three-year financing programme, contingent on the government restructuring its debt to restore fiscal sustainability after previously undisclosed liabilities came to light.
Mauritania and Italy Advance Agricultural Project in Brakna Region
Mauritania's Ministry of Agriculture is preparing a joint project with Italy to develop up to 20,000 hectares in Brakna, aiming to boost wheat and vegetable production and strengthen food security through new irrigation infrastructure.
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.
Egypt Finalises Arrangements for Xi Jinping's State Visit
Egypt's government has completed preparations for Chinese President Xi Jinping's upcoming visit, aiming to deepen bilateral cooperation and mark 70 years of diplomatic relations. The visit is expected to advance joint projects and investment opportunities.
Germany Deepens Strategic Energy and Security Ties with Algeria
Germany's foreign minister has identified Algeria as a key strategic partner for Berlin, with new agreements on natural gas, green hydrogen, and security cooperation set to reshape energy flows and regional stability.
Mauritania Caps Financial Transfer Tax at 200 MRU for All Transactions
Mauritania's tax authority has set a maximum limit of 200 new ouguiyas on the tax applied to financial transfers, regardless of the transaction amount. The measure, effective by 1 September, aims to standardise costs for bank clients and ensure regulatory compliance.
Egypt's FRA advances roadmap for sustainability disclosure standards
Egypt's Financial Regulatory Authority has presented a draft roadmap for phased implementation of IFRS sustainability disclosure standards, aiming to align national frameworks with international norms and enhance market transparency for investors.
Egypt issues 907 livestock licences and expands National Veal Project
Egypt's Ministry of Agriculture issued 907 new operating licences for livestock, poultry, feed, and dairy projects in August, while allocating EGP 59.85m in fresh financing to the National Veal Project, supporting small breeders and expanding cattle production.
Egypt weighs solar expansion and green finance in local development
Egypt's government is considering a broader rollout of solar power and energy-efficiency technologies across agriculture, industry and services, aiming to cut energy use and emissions. Officials are also exploring green finance and community-led initiatives.
Libya Seeks to Localise Prosthetics Industry with International Partners
Libya is advancing plans to localise its prosthetics industry by attracting international companies, aiming to transfer expertise, develop local skills, and reduce reliance on treatment abroad. The initiative could strengthen national healthcare capacity.
Oil Prices Fall Back as Brent and WTI Head for Weekly Losses
Oil prices declined on Friday, 28 August 2026, erasing part of the previous session's gains. Both Brent and WTI benchmarks are set to close the week lower, reflecting ongoing volatility and concerns over global demand.
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