Tunisia holds its second free presidential elections since the Arab Spring revolt that ousted a long-serving president, putting the country on a rocky road to democratic consolidation in an unstable regional context where spillovers of infighting in Libya and Algeria’s latent terrorist groups have taken a toll on the Tunisian economy. Tunisians cast ballots on […]
In Egypt, a consortium nine local banks have pledged to invest about $1.5 billion in a project to increase the North African nation’s electricity capacity. The financing, granted as a loan, will benefit the construction of a coal-fired power station with a capacity of 6,000 MW in the Hamrawein area in the coastal region of […]
Algeria continues to lag behind in economic freedom according to a 2019 World Economic Freedom report by Fraser Institute, which underscored the lack of reforms in the oil rich country. The Canadian Fraser Institute pointed out to the plummeting economic freedom in Algeria, which ranked 159 out of 169 surveyed countries. Algeria only outperformed three […]
