Eygpt will from July next year begin the importation of vehicles for its Cairo Monorail project. The country’s Minister of Transport Kamel al-Wazir revealed this on…
Browsing: North Africa Business
Since the revitalized peace deal to end over six years of conflict was signed in 2018, the South Sudanese Pound (SSP) increasingly depreciate against the U.S. dollar as the country’s economy struggles with hyperinflation.
The head of Sudan’s ruling council has led a high-level delegation to the United Arab Emirates for separate talks with U.S officials and Emirati, including discussions…
President Abdelmadjid Tebboune has announced Rosthom Fadli as the new governor of the country’s central bank – the Bank of Algeria. Fadli takes over the post…
Egypt’s private sector economic activities contracted in August. According to a survey of HIS Markit’s Purchasing Managers’ Index (PMI) for August, it was 49.4 from 49.6…
Morocco will receive a €300 million – $354 million – loan from the European Bank for Reconstruction and Development (EBRD) to help cushion three state companies…
Sudan has called for raising the negotiation on the Grand Ethiopian Renaissance Dam (GERD) from the ministerial level to the level of head of state. “The…
South Sudan is seeking a $250 million loan from the African Export-Import Bank to implement a long-delayed peace agreement, fight COVID-19 and support food security. The…
The Coronavirus pandemic is proving to be the motivator for more economic diversification. An example of this, is Algeria’s plan to invest further in renewable energy…
The Consumer Price Index (CPI) in Morocco has fallen. In March, the CPI recorded 1.5% dipping to 0.9% in April year-on-year. Morocco’s Finance Minister, Mohamed Benchaaboun…