Economy monitoring committee

African start-ups break record with securing $1.2bn funding in 2024 — report

African start-ups recorded an impressive fundraising performance in July 2024, raising $420 million, the highest monthly figure since the tracking began in 2019, according to a recent report by Africa: The Big Deal. This sum also represents 2.5 times the average monthly amount raised over the past one year, signaling a strong rebound in investment […]

OCP to challenge Mosaic petition on anti-competitive practices

Morocco’s phosphates producer OCP group said it will challenge a petition filed by its competitor Mosaic aiming to impose anti-subsidy duties on OCP’s fertilizers exports. OCP has said in a statement that since receiving this petition, it has cooperated with the American authorities, who are evaluating whether the petition warrants investigation, and will challenge the […]

Bamako-Tuareg war marks erosion of Algeria’s role in Sahel

Malian forces have taken Kidal the stronghold of Tuareg rebels marking the end of a deal brokered by Algiers in 2015 and the erosion of Algeria’s diplomacy in its Sahel neighborhood. More than a week after Bamako soldiers, backed by Russian Wagner mercenaries, took the strategic town, Algeria’s resounding silence reflects the country’s fading role […]