NewsNorth Africa

Fri,24Nov2017

North Africa

Egypt targets $10bn in foreign investment as it upgrades infrastructure

Banks, hotels and office buildings are seen around residential buildings at the center of downtown in Cairo, Egypt August 11, 2016. REUTERS/Amr Abdallah DalshEgypt hopes to attract $10bn in foreign direct investment (FDI) next year and will automate the process of establishing a company, its investment chief said, highlighting efforts to revive the economy and earn much-needed hard currency.

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Migrant boat carrying 600 capsizes off Egypt's coast killing at least 43

People gather along the shore of the Mediterranean Sea during a search for victims after a migrant boat capsized, in Al-Beheira, Egypt, September 21, 2016. REUTERS/StringerA boat carrying around 600 people capsized off Egypt's coast, killing at least 43, officials said on Thursday, in the latest disaster to befall migrants attempting to make the crossing to Europe.

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The art of midwifing elections in Africa

File photo©Schalk van Zuydam/AP/SIPAMany countries in Africa conduct general elections regularly. Electoral management bodies have the responsibility to ensure free and fair elections. But what are their score cards so far?

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Aviation: Tunisia's state airline to cut 1,000 jobs

File photo©ReutersTunisair, Tunisia's state-owned carrier, plans to lay off 1,000 employees or more than 12 percent of its full-time workforce, as part of reform plans.

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Egyptian parliament approves Value Added Tax at 13%

Egypt's Finance Minister Amr El-Garhy. Photo©Mohamed Abd El Ghany/ReutersEgypt's parliament approved on Monday a long-awaited law introducing a Value Added Tax of 13 percent which will rise to 14 percent in the next fiscal year.

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Tunisia: Prime Minister warns of austerity, job cuts

Tunisian Prime Minister-designate Youssef Chahed. Photo©Zoubeir Souissi/ReutersIf Tunisia does not overcome its economic difficulties, an austerity programme will be inevitable next year with thousands of public sector job cuts and new taxes, prime minister-designate Youssef Chahed told parliament on Friday.

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