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Algeria gets highest Trump tariff in North Africa

Trump has imposed a 31% reciprocal trade tariff on Algeria, the highest levy in north Africa. Algeria, which charges a tariff to the US at 59%, was part of a long list of countries hit by import taxes, which Trump imposed via executive order. Tunisia was targeted with 28%, while it charges the US 55%. […]

Egypt : Investment Minister opens door to foreign investors

Egypt’s Minister of Investment Ashraf Salman has shown his determination to revive the economy if there is political stability. He has fixed the bars for his term in office as he set his sights on increasing the Foreign Direct Investment (FDI) by almost 100%.  In 2008, Egypt’s FDI reached $13,2billion but shrunk drastically after the […]

China seeks military base in Africa as West loses ground- Think Tank

China is reportedly seeking a new military base in Africa, building on growing anti-western sentiment as it seeks to strengthen its foothold in a continent that is increasingly coveted, the London-based Chatham House Think tank wrote. “For over three decades, every Chinese foreign minister’s first overseas trip of the year has been to Africa. This […]