khiam

The debacle of Algeria’s car industry

The struggling car industry on which Algeria pinned hopes to jump start its industry has received another bad news with the shutdown of a Kia assembly plant on the footsteps of Volkswagen. Long described as “disguised imports” Algeria’s policy of attracting car assembly plants since 2012 has so far showed disappointing results and came up […]

Libya : State of emergency in the South

A state of emergency has been declared in Southern Libya following an attack on the Tamahind air force base in the region. The government is calling it sabotage of the revolution and accuses Gadhafi’s loyalists of being behind it. The base was overtaken by the armed group prompting the government to order an airstrike and […]

East Africa bracing for fresh wave of interest rate hikes fueled by Red Sea crisis

East African central banks are being forced to hike interest rates to contain renewed inflationary pressures emanating from surging shipping and insurance costs due to the disrupted crucial trade routes between Europe, the Middle East, and Asia in the Red Sea. The ongoing Red Sea crisis, involving attacks by the Iran-supported Houthi group based in […]