Algeria: Crisis Worsening, Fueling Social Anger & Raising Fears of Implosion

The social and economic situation is getting worse in Algeria despite the government’s efforts to contain the crisis, exacerbated by chronic corruption and falling revenue from oil and gas. Deeply concerned over the shrinking of its hard currency reserves needed for the purchase of products manufactured abroad, the Algerian authorities decided to curb import but […]

Start-ups in Africa raised $2.2b in 2024, pushed by mega deals, 25% drop from 2023

Start-ups in Africa cumulatively raised $2.2 billion in equity, debt, and grants (excluding exits) in 2024, and though it is a significant figure in absolute terms, it represents a 25% drop compared to the $2.9 billion that were raised on the continent in 2023, ‘Africa: The Big Deal’ has revealed. According to the funding report […]

Minister & Businessman to Gear Morocco’s 2026 World Cup Campaign

Morocco chose a successful businessman and current industry minister to lead its charm offensive to host the 2026 World Soccer Cup, in a fifth attempt by the kingdom to organize the global sports event. Moulay Hafid Elalamy will act as the governmental interlocutor for FIFA and will be tasked with coordinating the campaign to host […]