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Algeria’s Import Restrictions Doomed to Backfire

The slump in oil prices prompted the Algerian government to seek temporary measures to reduce the trade deficit. The most notorious among these were import restrictions that affected more than 800 products. Algeria’s protectionism has so far backfired producing counter-productive results in a country that failed to diversify its economy away from utter dependence on […]

Tunisia to take action against Coronavirus suspects refusing quarantine

Tunisia will take action against any citizen suspected to be infected by the Coronavirus who refuses to be quarantined, Health Minister Abdellatif Mekki said Wednesday. “If some people refrain from abiding by voluntary quarantine measures or not, they are liable to punishment in accordance with the law, given that the health of citizens is in […]

Botswana and De Beers ink landmark diamond deal amid economic uncertainty

Botswana and South African mining giant De Beers have finalized a landmark 10-year agreement, enhancing the country’s stake in diamond sales and providing a boost to its critical diamond sector. After six years of negotiations, the deal will see Botswana’s share of rough diamond sales rise from 25% to 30% in the first five years, […]