North Africa

NORTH AFRICA

ALGERIA- Strong non-hydrocarbon independent economy is an “irreversible” choice, Prime Minister Abdelmalek Sella said Thursday, adding that the government seeks to produce locally so as to meet the needs of the Algerians. (APS.DZ) READ MORE

EGYPT- Egypt…

NORTH AFRICA

EGYPT- Egypt’s efforts to relieve a crippling dollar shortage are pushing it towards a sickly combination of rising prices and lower growth, undermining hopes for economic revival after years of political upheaval. (REUTERS) READ MORE

EGYPT — Rising…

NORTH AFRICA

ALGERIA- OPEC member Algeria’s trade deficit reached $9.8 billion in the first five months of 2016, a 35.5 percent rise from the same period a year earlier, due to a decline in energy earnings after the oil price slide. (REUTERS) READ MORE

EGYPT- The yield…

NORTH AFRICA

EGYPT — Egypt aims to import between 110 and 120 cargos of liquefied natural gas in 2017, the state-owned Egyptian Natural Gas Holding company (EGAS) told Reuters. (REUTERS) READ MORE

EGYPT — Orange Egypt said on Sunday that Egypt’s telecommunications…

NORTH AFRICA

EGYPT- Economists are roughly evenly split on whether Egypt´s central bank will raise interest rates at its monetary policy committee (MPC) meeting on June 16, after a jump in inflation in May. (THE NEWS) READ MORE

EGYPT- Egypt’s central bank (CB) has kept…

EAST AFRICA

BURUNDI — Burundi’s year-on-year inflation rose to 2.7 percent in May from 2.6 percent in April as food costs increased slightly, official data showed on Tuesday. (REUTERS) READ MORE

KENYA- Kenya will get a World Bank loan of Sh111 billion ($1.1…

NORTH AFRICA

ALGERIA — Algeria is preparing to launch Islamic financial services as the OPEC member seeks new ways to raise money after a sharp fall in energy earnings. (REUTERS) READ MORE

EGYPT- The Egyptian economy has witnessed fluctuations over two years of…

NORTH AFRICA

EGYPT- Egypt’s strategic stocks of sugar are enough to cover the country’s needs for the next year, Supplies Minister Khaled Hanafi said. (REUTERS) READ MORE

EGYPT- Egypt’s EFG-Hermes plans to distribute 1.08 billion Egyptian pounds ($122 million) to…