Start-ups in Africa cumulatively raised $2.2 billion in equity, debt, and grants (excluding exits) in 2024, and though it is a significant figure in absolute terms, it represents a 25% drop compared to the $2.9 billion that were raised on the continent in 2023, ‘Africa: The Big Deal’ has revealed. According to the funding report […]
The UK’s Financial Times drew bleak prospects for Algeria whose ailing President Abdelaziz Bouteflika prepares for a fifth term that risks prolonging Algeria’s economic and political crisis. Maintaining Bouteflika, who has been ruling Algeria since 1999, as President “ threatens to prolong the political paralysis in a country facing the monumental challenge of transforming its […]
The Tunisian Tourism Minister Wednesday announced the allocation of nearly $172 million (TND500 million) in the form of loans to help hotels cope with adverse effects of covid-19. Mohamed Ali Toumi said the credit will be available till March next year, but only for one-star to three-star hotels which lost 25 per cent of their […]
