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Royal Air Maroc Seeks to Divest from Senegal Airline

Moroccan airline carrier Royal Air Maroc (RAM) is looking to divest from Air Senegal International.
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Microsoft’s Close Watch of North Africa: Lobbying for IT Upgrades and Strong Anti Piracy Enforcement

The North Africa Journal : With shrinking computer sales, the engine of Microsoft revenue with operating system sales, every penny counts no matter where it comes from. ...
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BCP Bank and OCP Increase Capital, Swap Shares

The Moroccan phosphate and fertilizer giant relinquished 5.88% of its capital to Banque Centrale Populaire (BCP), in exchange for a 6.62% equity participation in that bank. ...
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French Drug Maker Opens Tunisian Unit

French drug maker Pierre Fabre has opened a production unit in Tunisia, in partnership with local peer SIPHAT...
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The Faces of North Africa’s Capitalism

From Old School Entrepreneurs to Technical Experts Leading Maghreb Economies into the 21st Century...
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Algerian Truck Maker Folding Under Competition

One of Algeria’s oldest and well-known state-owned companies, Société Nationale des Véhicules Industriels (SNVI) is quickly headed to extinction....
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Aigle Azur Expands Market Share in Algeria

Private carrier Aigle Azur is expanding its services into Algeria, enabling it to gain market share from its current competitors, including the state-owned Air Algérie....
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Algeria: DHL to Use Biggest Airport Terminal in the Maghreb

DHL, one of the world’s largest express shipping and international logistics companies, has inaugurated the Maghreb’s largest airport terminal to accompany the economic growth of the North African country....
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Case Study: Doing Business in North Africa: Negotiations 101

Algerian Negotiators Learning Contract 101 the Hard Way: How Air Algerie Failed to Sell its Old Fleet....
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Orascom Telecom Disappoints Investors

Orascom Telecom, which has a strong presence in the Tunisian and Algerian mobile phone markets, saw its second quarter profits drop by a stunning 64%. ...
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ENI-Saipem Hit by Corruption Scandal on Algeria Business

The North Africa Journal | Italian oil and gas industry contractor Saipem is embroiled in a corruption scandal in its Algeria operation that forced the resignation of its veteran CEO Pietro Franco Tali. The company’s engineering and construction Chief, Pietro Varone was suspended pending the ongoing investigation. Energy giant ENI, which owns 40% of Saipem announced the resignation of its own CFO Alessandro Bernini.
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SNC-Lavalin: Collateral Damage of Dealing with Dictatorships

The North Africa Journal | Damage control and reputational risk are two things the Canadian engineering giant SNC-Lavalin is currently experiencing firsthand. As the company celebrates one hundred years of business, it is facing unprecedented scrutiny related to its dealings with the Gaddafi family of Libya. Key senior executives have already lost their jobs as the company is going through damage control, and construction contracts in other parts of the world are being questioned.
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Algeria to Nationalize Orascom Algeria’s Mobile Phone Unit

The North Africa Journal | The Algerian government is slated to take over a majority stake in the mobile phone operator Djezzy. Previously owned by the Egyptian Orascom, then sold to Russia’s Vimpelcom, the company is likely to be 51% under the control of the State of Algeria after a long battle pitting Orascom CEO Naguib Sawiris against Algeria. The news of the takeover was announced by the Algerian postal and technology minister on Saturday, January 8, 2012.

Al Baraka Banking Group Maintains Aggressive Growth Strategy in North Africa despite Uprisings

The year 2010 was not bad at all for Al Baraka Banking Group (ABG). Involved in international Islamic banking, the company is a Bahrain Joint Stock Company listed on Bahrain Bourse and NASDAQ Dubai. It maintains Standard and Poors long term and short-term credit ratings of BBB- stable and A3 respectively. ABG offers retail, corporate and investment banking and treasury services in accordance with the principles of the Islamic Sharia law. The authorized capital of ABG is US$1.5 billion, while total equity amounts to about US$1.8 billion.
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Orascom vs. Algeria

[The North Africa Journal] In a lingering conflict that underscores lack of transparency and weak business rules, the case of Orascom Telecom Algerie (OTA), which has raised a great deal of concerns in foreign investor circles, has not been settled yet. It underscores that the rules of engagement when doing business in Algeria are still unclear and that many leaders of foreign companies remain dangerously ignorant of operating conditions and the business environement in the North Africa country.
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Business as Usual for Corporate Morocco

There is noticeable decrease in tourism activity across North Africa and Morocco is witnessing a small impact there. Yet, for the broad economy, the Arab revolutions have not fully afftected Morocco. This is largely due to the fact that Morocco is focused on its own economic growth, while remaining solidly tied to the EU. With limited economic relations with the affected countries, it is no surprise that it's business as usual for many Moroccan firms. Below are some reports that analyze the performance of key companies, ending with a full review of the Casablanca Stock Exchange.
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Setback for a Pan-Maghreb TV Channel: Nessma TV Likely to Fold

The owners of Nessma TV are facing the nightmare scenario, challenging their belief that North Africa’s Maghreb region needed a common broadcast platform. Largely owned by Tunisian businessman Tarek Ben Ammar, Nessma TV is finding hard to operate in the region.
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HSBC in North Africa: Going Where the Money Is

In summer 2008, London-based HSBC, one of the world’s largest banking and financial services institutions decided to add Algeria to its list of emerging markets operations. Libya is likely next in line. The decision meant that as of August 2008, the giant bank entered the Algerian market where it launched what it called “a full-service bank.” But is it really a full-service bank with the goal of contributing to economic growth and development or is HSBC focused on international trade operations to enable the flow of money in and out of the country?
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HP to Expand in Libyan Market

On November 4th, 2009, US tech giant HP announced its plan to establish new sales and support subsidiaries in Angola and Libya by 2010. By doing so, HP will increase its footprint across Africa to nine subsidiaries (Algeria, Angola, Egypt, Kenya, Libya, Morocco, Nigeria, South Africa, and Tunisia).
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Mediterranean School of Business Launches Executive Business Seminar in Tripoli, Libya

Tunis-based Mediterranean School of Business is offering a set of seminars this summer targeted to Libyan managers. MSB, in collaboration with the BT Server Business Management Training Center, is launching four modules, starting with Organization and Change Management, Financial Analysis for Non Financial Managers, Innovation and technology Management, and ending with Marketing and Customer Relationship. Each module will be lectured over a 3 to 4-day session.
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Featured author
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Leila Hanafi

Leila Hanafi is a legal expert who brings fresh insight on law and judicial issues to The North Africa Journal. Based in Washington DC and with a dual Moroccan-American citizenship, Ms. Hanafi is also Staff Attorney and Programs Manager at the World Justice Project. Prior, Ms. Hanafi held various legal positions at the World Bank, including in the areas of operations, finance, and legal and judicial reforms. Ms. Hanafi serves on the board of numerous nonprofit organizations related to the areas of international law and development, with a focus on North Africa. Ms. Hanafi has published several academic papers and articles, contributed to a few published works on legal systems of North Africa, and have been profiled in several national and international media outlets for her work. Ms. Hanafi is an Honors graduate from American University and Georgetown University in Washington DC, and she is currently pursuing her doctoral studies in International Law. She can be reached at hanafi@north-africa.com
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