Sonatrach SPC

Tunisia: Protests erupt in adverse effects of Covid-19 combat

Protests broke out Monday in parts of Tunisia after some citizens gathered to request the exceptional social aid promised by the government to help cope with the lockdown measures in the fight against Covid-19 disease. In the town of Mnihla, in Ariana Governorate, a large group of citizens rioted and burned tires in front of […]

Fitch: Moroccan Banks show resilience despite Macro-economic challenges

Moroccan banks continue to show resilience despite challenging global and domestic macro-economic conditions, Fitch Ratings says in a new report focusing on the country’s seven largest banks. Banks have built up healthy provisions buffers since 2020 and are well-placed for a continued recovery in profitability in 2024 amid rising interest rates, says the rating agency. […]

Egypt to increase electricity prices by 19 per cent from next month

Egypt announced Wednesday electricity price will increase by 19 per cent from next month, amid the covid-19 pandemic. The decision announced by the ministry of electricity is the seventh increase by the regime of President Fattah Al Sisi in power since 2014. The move is however in line with the ministry’s previous decision to increase […]