Sudan Let Banks Set Dollar Rates and the Pound Hit a Record Low
The Sudanese pound fell to a record 6,400 per dollar on the parallel market after the central bank let commercial...
August 28, 2026Section
Northern Africa
Northern Africa – Egypt, Morocco, Algeria, Tunisia and Libya – sits at the crossroads of the Mediterranean, the Sahel and the Gulf, and is central to Europe’s energy and migration calculus. The Rio Times tracks the region’s economies, energy and gas deals, Suez and trade flows, currency and reform moves, and the great-power competition shaping the Maghreb. This hub collects our daily Northern Africa coverage for investors and globally minded readers.
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Libya Is Selling Europe Gas It Currently Cannot Export
Libya gas exports to Italy fell to 105 million cubic feet a day in 2025, a 22-year low, even as...
August 28, 2026
Egypt Calls Djibouti, and Completes a Ring Around Ethiopia
Egypt Horn of Africa diplomacy reached Djibouti on 22 August, the fourth such regional call in a month, as Cairo...
August 27, 2026
Sudan Tells the UN Where It Thinks the RSF Gets Its Weapons
Sudan told the Security Council that RSF supply routes run through eastern Libya, Chad and Ethiopia. UN experts document only...
August 27, 2026
For the First Time, a Libyan Faces ICC Trial Over Migrant Abuse
A Libya ICC trial will proceed after judges confirmed 17 charges over Mitiga prison, the first case from the 2011...
August 27, 2026
Saipem and CHEC Land Algeria’s Big Phosphate Contracts
Algeria phosphate project signs EPC contracts with Saipem, worth about €500m, and China Harbour Engineering, targeting fertiliser output from 2027.
August 26, 2026
Afreximbank’s Profit Rose 30% in a Rough Year for Its Members
Afreximbank half-year results show net income of US$534.7 million, up 30%, with loans at US$35.4 billion and the bad-loan ratio...
August 26, 2026
Morocco Restarts Wheat Imports on 16 September
Morocco restarts subsidised soft wheat imports on 16 September 2026, after a harvest that beat last year but still left...
August 25, 2026
Tunisians Hold More Cash Than the Central Bank’s Net Assets
Tunisia cash in circulation crossed 30.040 billion dinars on 21 August 2026, larger than the central bank's net foreign assets...
August 25, 2026