NewsNorth Africa

Fri,19Oct2018

North Africa

EU border management agency to set up African base in Niger to tackle migration crisis

European Union (EU) border management agency, Frontex will set up a base in Niger later this year to step up its efforts to ensure fewer people get to European shores.

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Crackdown on fake cotton helps revive Egypt crop.

Egypt's most famous export, the silky soft cotton prized by makers of luxury bedding and clothing, has become so scarce as production has fallen that most supplies sold under its brand name last year were fake.

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EU leaders meet in Malta for roundtable talks on African migration

Italy and the European Union (EU) have pledged to finance migrant camps in Libya run by the U.N.-backed government, an agreement showed on Friday, 3 February, as part of a wider European Union drive to stem immigration from Africa.

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Tunisia needs $2.85 bln in external financing this year

Tunisia needs around $2.85 bn in external financing this year and plans to issue a Sukuk Islamic bond worth around $500m to help cover the deficit, Finance Minister Lamia Zribi told Reuters on Monday.

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Egypt says committed to repaying $3.5bn to foreign oil firms

An Egyptian driver rests on his car as he refuels it at a gasoline station in Cairo. Photo: Amr Nabil/AP/SIPAEgypt is committed to repaying the $3.5bn it owes in arrears to foreign oil companies but a foreign currency shortage has made the drawing down of those debts more difficult, petroleum minister Tarek El Molla said on Tuesday.

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Egypt's cost-of-living soars as currency dives

A woman looks at the view at Al-Azhar Park one of the bustling city's few public parks in Cairo. Photo: Nariman El-Mofty/AP/SIPAAnnual consumer price inflation in Egypt's cities soared to a second straight eight-year high in December, hitting 23.3% on the back of the government's decision to float the pound, effectively halving its value.

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