Economy and Investment - Page 3
171 articles
Moroccan diesel prices overtake gasoline as summer fuel hikes bite
Diesel now costs more than gasoline in Morocco, reaching up to 15.35 dirhams per litre after a series of summer price hikes. The increase is squeezing households and transport operators, driven by global supply disruptions and rising oil prices.
Morocco unveils draft law to police carbon trading and enforce penalties
Morocco has released Draft Bill 62.25 for public consultation, proposing strict oversight of domestic carbon trading and international emission transfers. The bill introduces a national registry, independent verification, and heavy fines for non-compliance.
Oil prices surge as Saudi pipeline and Libyan fields halt flows
A sudden halt at Saudi Arabia's East-West pipeline and shutdowns at Libyan oil fields have sent oil prices sharply higher, exposing the market's vulnerability to regional supply shocks and escalating geopolitical risks.
Accor and Risma ramp up hotel projects and training in Morocco
Accor and Risma are stepping up their partnership with new hotel plans, property upgrades, and a training academy, aiming to strengthen Morocco's tourism sector and prepare its workforce for growing international interest.
Morocco sets new tourism record as visitor numbers surge past seventeen million
Morocco has become Africa's top tourist destination in 2024, attracting 17.4 million visitors. Strategic investment in transport and hospitality, combined with the country's unique blend of tradition and modernity, is reshaping the regional tourism landscape.
Libya's Green Economy Ambitions Stalled by Legal and Technical Hurdles
Libya's efforts to shift toward a green economy are running into legal and technical roadblocks. At a recent workshop in Tunisia, the Green Industry Centre and its partners took stock of what's working-and what's holding the country back.
Libya invites Russian energy firms to run oil refineries and exports
Libya is seeking Russian help to rebuild its oil industry, offering Russian companies direct control over refineries and exports as the country struggles with fuel shortages and political divisions.
Libya oil and gas revenues hit fifteen billion dollars in eight months
Libya's Ministry of Oil and Gas has disclosed that the country earned 15.2 billion dollars from oil and gas between January and August 2026. The figures reveal both the sector's dominance in state finances and the urgent need for infrastructure upgrades.
Libya aims for record gas output in five-year expansion plan
Libya's government has announced plans to raise daily gas production to 4 billion standard cubic feet within five years, signaling a major push to monetize discovered reserves and reposition the country in regional energy markets.
Tunisia's trade deficit hits record high as energy imports surge
Tunisia's trade deficit reached TND 17.85 billion by August 2026, driven by rising energy and raw material imports that have outstripped export growth. The widening gap is putting new strain on the country's external finances.
Madica backs first Algerian and Cameroonian startups as early-stage funding dries up
Madica has made its first pre-seed investments in Algeria and Cameroon, supporting five startups across fintech, HR, and the circular economy. The move marks a shift toward underfunded North African markets, where early-stage capital remains hard to find.
Tunisia rises in global investment rankings but still trails regional peers
Tunisia has moved up twelve places to 105th in the 2026 Global Attractiveness Index, showing some improvement but still falling behind North African neighbors like Morocco and Algeria. The country is still rated as medium-low in its ability to attract investment and talent.
Synhelion plans $1 billion synthetic fuel plant in Morocco
Synhelion has signed a memorandum with Morocco to develop a $1 billion Sun-to-Liquid plant in Tan-Tan, aiming to produce 100,000 tonnes of renewable synthetic fuel each year and strengthen Morocco's position in the global clean fuels sector.
Morocco's Economic Boom Masks Deepening Social Crisis
Morocco's government touts record infrastructure and foreign investment but the reality for most citizens is stagnant wages, political repression and a surge in youth emigration as the regime tightens its grip on dissent.
Morocco at a turning point: World Bank flags AI risks and opportunities
The World Bank's 2026 report singles out Morocco as both a model and a warning for AI in developing economies, highlighting the stakes for jobs, productivity and national strategy as global tech giants outspend entire countries.
Moroccan Fertilizer Delivery Boosts Antigua and Barbuda's Food Security
A record 4,000-bag fertilizer shipment from Morocco is being distributed to farmers in Antigua and Barbuda, more than doubling previous years' volumes and aiming to strengthen local food production and reduce reliance on imports.
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.
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