Algeria: Industry Minister Threatens to Close Car Assembly Plants

Algeria’s Industry Minister Bedda Mahjoub expressed frustration at his country’s policy of attracting car assembly plants and threatened to close these factories due to their low  integration rates. “We should put an end to the production model as most manufacturers have not improved their integration rates, he told the press after speaking to MPs. While […]

Moroccan Banks Operating in 22 African Countries (Financial Times)

Moroccan banks are operating now in 22 African countries and around 17 per cent of their foreign activity is on the continent, says Financial Times in a special report shedding lights on Morocco’s economic potentials. “These African countries represent a real growth potential given the level of banking penetration, which remains one of the weakest […]

Somali piracy resurgence alongside Houthi militant attacks raises security concerns — Stratfor

The current resurgence in piracy off the Somali coast, will likely put additional pressure on the already strained global shipping industry and increase the militarization of the western Indian Ocean, which could in turn further escalate geopolitical tensions between India and China, says a latest analysis by Stratfor. Though such piracy’s impact will likely be […]