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Algeria’s Economic Growth Declines to 2.2% in 2017

Algeria’s economic growth dropped to 2.2% in 2017, down from 3.3% in 2016, due to a decline in the performance of the energy sector, the central bank said. The same source noted that inflation dropped to 5.6% instead of 6.4 in 2016, while the balance of payment was reduced by $3 billion to stand at […]

Tunisian parliament to hold confidence vote on new cabinet on September 1

Tunisian lawmakers will hold on September 1 a confidence vote on the proposed cabinet of Prime Minister-designate Hichem Mechichi, The Parliament presidency announced Tuesday. Mechichi Tuesday unveiled a 25-minister cabinet made of technocrats, nearly one month after being tasked by President Kais Saied. The former interior minister is facing few reservations from a number of […]

Nigeria secures financial requirements for Niger rail link

Nigeria said it had secured 1.3 billion dollars needed to build a rail connection with neighboring Niger, a landlocked country. The news was announced by Nigeria’s transport minister Ahmed Alkali who said the China Civil Engineering Construction Company (CCECC) would provide 85 percent of the money while the Nigerian government would provide 15 percent. The […]