NewsNorth Africa

Fri,01Jul2016

North Africa

Egypt bans use of debit cards abroad amid hard currency shortage

Photo©Gene J. Puskar/AP/SIPAEgypt has ordered banks to stop clients from using their Egyptian pound account debit cards abroad, a central bank official said on Wednesday, a move to combat the country's acute foreign currency shortage.

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Splinter upon splinter in Sudanese politics

Is al-Turabi even more powerful now that he has gone? Photo©Abd Raouf/AP/SIPAWith al-Turabi gone, will the opposition rise to the challenge?

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Egypt in talks with IMF over $5 billion loan

Photo©ReutersEgypt's central bank has begun negotiations with the International Monetary Fund over a $5 billion loan, a minister from Egypt's economic group of ministers told Reuters on Monday.

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Algeria's oil and gas output increasing

Photo©ReutersAlgeria's oil and gas output is moving back to growth after years of stagnation, helped in part by increased production at the North African OPEC member's existing fields, state energy company Sonatrach said on Sunday.

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Africans brace for Brexit

Photo©AP/SIPAAs British voters go to the polls in a historic referendum on the United Kingdom's membership in the European Union, many in Africa will be watching the results closely. A vote to leave the EU, dubbed 'Brexit', could trigger a recession that would hit African economies, many of which are already suffering from the commodity price slowdown.

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Telecom Egypt not required to sell Vodafone stake after 4G licence

Photo©ReutersTelecom Egypt will not be required to sell its stake in Vodafone Egypt following the introduction of fourth-generation mobile phone services.

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