Category: North Africa

Egypt’s central bank kept the pound steady at the official rate on Tuesday, while it traded at an unprecedented 18 pounds to the dollar on the black market in the past two days. The central bank said it sold $120 million at the weekly sale, with the cut off price stable at the official rate…

CEO of Air Algérie, Mohamed Abdou Bouderbala, on Monday in El -Oued announced plans to reinforce national airline’s air transportation network by the launching of new international routes. “Air Algérie plan to launch new international routes is part of the airline strategy to meet the demands of its customers from the Algerian community abroad and…

A new report by IFC, a member of the World Bank Group, finds that Egypt’s cement producers could save money and lower greenhouse gas emissions by using waste, so-called alternative fuels, to power their production facilities. The study, Unlocking Value: Alternative Fuels for Egypt’s Cement Industry, assessed the potential for producers to increase the use…

The Government of Morocco has launched a new initiative that seeks to mobilize US$30 billion to assist African countries in the agriculture sector to transform and adapt to changing climate. According to the media advisory on the 22nd Sitting of the Conference of the Parties (COP22), discussions will center on how to implement the new…

Algeria and Sweden agreed to set up an Algerian-Swedish business council to strengthen the partnership and investment opportunities between the two countries, said the Ministry of Industry and Mining. This decision was taken following a proposal made by Minister of Industry and Mining Abdessalem Bouchouareb, who is on a working visit since Monday to Stockholm…

Algeria, through its human development policy, has made a “significant progress” allowing it to make up for social deficits and improve people’s living conditions, said a report on the Millennium Development Goals (MDGs) in Algeria 2000-2015. “The gross domestic product (GDP) per inhabitant has increased by 2% a year and household consumption, in relation to…

Minister for Industries, Trade and Investments, Mr Charles Mwijage has called Moroccan investors to direct their capital in agriculture and development of industries in the country. Mr Mwijage was speaking amid the ongoing three-day state visit of Moroccan King, Mohamed VI in the country. He said his visit to Tanzania is set to boost bilateral…

Algeria’s development strategy, implemented during the last fifteen years, allowed the country “significantly” meet the population’s accumulated and renewed expectations, said Algeria’s 2000-2015 report on Millennium Development Goals (MDGs). Adopted in a context marked by an improved security situation thanks to the national reconciliation policy launched by President of the Republic Abdelaziz Bouteflika, the development…