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Will Algeria abandon its investment unfriendly legislation?

Algeria has earned a notoriety for being one of the worst countries for doing business in the world, due in part to unfriendly regulations that thwart foreign investors. But that law is likely to change as an economic crisis bites with dwindling oil reserves and rising unemployment, fueling unrest and dissent across the country. Industry […]

Africa’s crypto winter: arrest of FTX’s boss prompts calls for tighter regulation

At the heart of the Africa’s crypto boom was FTX, an international exchange run by US crypto guru Sam Bankman-Fried, whose collapse in November has sent shockwaves across the continent, along with calls for more regulation. An unknown number of African customers held funds on the Bahamas-based platform, as did numerous African startups. On Tuesday […]

Central bank in Benghazi attacked, estimated $100bn inside

The branch of the Libyan central bank located in Benghazi near the sea port has been taken over by armed men claiming to be from the youth of the naval base in a video posted online. Around $100 billion is believed to be in the bank when the attacked happened. The international community and the […]