Salvador FM Alexandra-Hill-Tinoco & Nasser Bourita

Jumia to exit Algeria citing stagnant market

Jumia Technologies AG said it will put an end to its operations in Algeria by the first quarter of 2026, as the company seeks to shift focus to strongest African markets. The move follows earlier exits from South Africa and Tunisia and forms part of a broader “geographic recalibration” aimed at improving operational efficiency and […]

New development model should end oligopoly and foster fair competition – regulator says

The competition council called for putting an end to monopolies that created an oligopolistic situation in Morocco, citing the sectors of fuel distribution, banks, insurance companies and cement producers. In its annual report for 2019, the first since the council’s reactivation the same year, the council recommended for the new development model to break up […]

North African countries shun western sanctions on Russian oil products – WSJ

Russia has found alternative markets to the European space as North African countries now line up for purchases of the Russian oil products despite western sanctions, Wall Street Journal (WSJ) has revealed. The US media outlet in a report notes that Morocco, Algeria, Egypt and Tunisia have stepped forward to become voracious buyers of its […]