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Algerian British Business Council 14th November

Monday - 14 / November / 2016

Monday 14th November 2016

 

Welcome to the latest Edition of the ABBC Business News Digest.

Please find here the latest business news and opportunities in Algeria.

 

 

ABBC Secretariat

Investments: African Forum of Algiers should help improving Algeria’s attractiveness

14/11/2016

Algeria British Business Council to participate in the Forum, lead by chairman, Lady Olga Maitland.  She says,’This is a Forum for the whole of Africa.  As Algeria is the gateway to this vast continent it makes sense to host this very important event, and lead by the private sector, the Forum des Chefs d’Enterprise.   All commercial sectors will be represented  at tis major event.’ ALGIERS- The African Investment and Business Forum, scheduled from 3 to 5 December in Algiers, should allow promoting the Algerian companies and improving the attractiveness of Algeria for foreign direct investments, said Sunday in Algiers the head of the Business Leaders Forum (FCE) Ali Haddad. This forum will be “an opportunity to promote our economy, companies and our products as well as to improve Algeria’s attractiveness in terms of foreign direct investments,” he underlined in a meeting with the members of the employers’ organization for the preparation for this economic meeting which will be marked by the participation of more than 2,000 economic operators. Read More

Business climate: Algeria among 36 countries having carried out major reforms

08/11/2016

WASHINGTON- Thirty-six countries, including Algeria, have carried out major reforms over the past six months to improve their business climate, said a report published Monday by the United Nations Conference on Trade and Development (UNCTAD). A total of 53 investment policy measures were taken in those countries between May and October 2016, said UNCTAD's latest Investment Policy Monitor. "Among the most important policy measures are the adoption of new investment laws in Algeria, Myanmar, Namibia and Tunisia," said the report. Read More

Call to speed up energy transition in Algeria

08/11/2016

ALGIERS- Algeria must speed up its energy transition to diversify its economy and ensure its long-term energy security, underlined Tuesday participants in a meeting organized by the Business Leaders Forum (FCE). Officials and national and foreign experts who took part in this meeting, organized under the theme “Which energy transitions for Algeria?,” focused on the need to speed up the energy transition process by heading for alternative energies of which Algeria possesses a significant potential like the renewable. It will allow, in addition to the diversification of the country’s energy mix, encouraging the emergence of new industrial fields, notably the activities relating to the manufacturing and installation of equipment of production of solar and wind generating electricity as part of the implementation of national renewable energy development programme. Read More

Towards the creation of Algerian-Ethiopian business council to boost partnership

08/11/2016

ALGIERS- An Algerian-Ethiopian Business Council will be set up in early 2017 in order to boost economic exchanges and partnership in various areas, said Tuesday in Algiers the representative of the Algerian Chamber of Commerce and Industry (CACI), Hadef Abderrahmane. The creation of the Council is provided for by a memorandum of understanding that will be signed during the visit of Algerian businessmen to Ethiopia, at the initiative of CACI, in the first quarter of 2017, said Hadef at a seminar on Ethiopian market. Read More

225 import licences issued for vehicles, cement and reinforced concrete in 2016

09/11/2016

ALGIERS- 225 licences for the import of vehicles, cement and reinforced concrete have been attributed by the Inter-ministerial Commission in charge of Licences Issuance in 2016, officials at Trade Ministry told APS on Wednesday. Regarding the vehicles, 40 licences were given, but the quota was raised to 98,374 units during 2016, said the same source. The initial quota of car import was had been fixed at 152,000 units for 2016 before being reduced to 83,000 units worth a value under one million dollars.Read More

Algeria, Indonesia examine agricultural cooperation

09/11/2016

ALGIERS – Minister of Agriculture, Rural Development and Fishing Abdesselam Chelghoum on Wednesday has examined with the Chairman of Indonesian People's Consultative Assembly, Zulkifli, Hasan means to boost cooperation in the field of agriculture. The two sides also discussed investment opportunities in the two countries, particularly in the agricultural field and food-processing industry. During the discussions, attended by Indonesia's Ambassador to Algeria Safira Machrusah, Chelghoum highlighted the investment areas in Algeria, especially tree cultivation, market gardening, cereal growing and aquaculture. Read More

Investment promotion, public service modernization on agenda of Government-walis meeting

09/11/2016

ALGIERS-The meeting between the Government and walis (governors), scheduled for next Saturday and Sunday at the Palace of Nations (Algiers), will focus on the role of local assemblies in the promotion of investment and modernization of public service. Prime Minister Abdelmalek Sellal and Minister of Interior and Local Assemblies Noureddine Bedoui will deliver speeches at the opening of this meeting. Members of the Government will deliver many speeches on various topics relating to their respective sectors on Saturday morning. Minister of Housing, Urban Planning and the City Abdelmadjid Tebboune will deliver an address on "Town planning instruments, a strategic planning tool to boost local development." Read More  

Algeria to increase Morocco border surveillance

10/11/2016

The Algerian government has decided to employ more sophisticated means to monitor its borders with Morocco by creating a system of technical surveillance and electronic borders, an official from the Ministry of Justice announced yesterday, Algeria’s state-run APS reported. “Both mobile and fixed means will be in place for securing and monitoring the borders,” the official explained speaking at a meeting on border security discussing the 2016-2019 strategy plan of the state Customs Administration. “More patrols and other mixed brigades, infrared cameras, mobile radars, air assets including drones, as well as satellite monitoring processes will be utilised for monitoring, securing and controlling our extensive borders in the southwest.” Read More.

Milk import bill down by nearly 30% over first nine months

13/11/2016

ALGIERS- Algeria's import bill of milk powder, milk cream and milk fats dropped to US$618.88 million during the first nine months of 2016, against US$880.88 million during the same period in 2015, down by 29.74%, said the Algerian Customs' National Office of Data Processing and Statistics (CNIS). Between January and September 2016, Algeria imported 262,792 tonnes of those products, against 301,432 tonnes during the same period a year earlier, down by nearly 13%, according to figures provided by CNIS. In 2015, milk import bill declined to US$1.04 billion (372,252 tonnes) against US$1.91 billion (395,898 tonnes) in 2014, added the CNIS.Read More

Exports: 1,400 tonnes of industrial salt to be shipped to France from Arzew Port

12/11/2017

ORAN- A total of 1,400 tonnes of industrial salt produced by the public company ENASEL will be shipped to France from the Port of Arzew (Oran, 431-km west of Algiers) on Sunday, announced the head of the company, Nouri Tayeb. "It is ENASEL's first export operation for the 2016-2017 winter season," he said, adding that France, the Netherlands and Spain are regular customers of the national company for industrial de-icing salt."Our product is exported loose to those countries, its packaging will be done there," he explained, adding that ENASEL's annual export capacity to those countries is 100,000 tonnes of industrial salt. Read More

Boutarfa, General Manager of Engie group discuss collaboration prospects

14/11/2016

ALGIERS-Energy Minister Noureddine Boutarfa held discussions Monday in Algiers with General Manager of French group Engie Isabelle Kocher on the prospects of collaboration in the gas and renewable energy fields, the ministry announced in a communiqué. During theirmeeting at the Energy ministry, "both parties broached relations between Engie group and Sonatrach group in the gas field and collaboration prospects between these two groups," the communiqué added.  Read More

Signing of two MoUs for creation of transportation companies

14/11/2016

ALGIERS – Two MoUs have been signed Monday in Algiers for the creation of two companies specializing in transportation. The first one is an Algerian-Spanish joint venture specializing in the manufacturing of railway equipments while the second is a joint venture between of three Algerian companies of maritime logistics. The future Algerian-Spanish company, which will produce track switches and rail expansion switches in Algeria, is composed of the Public Company specializing in the construction of rail infrastructures, EPE/Infrafer and the Spanish company DF-Rail, world renowned manufacturer of track switches and rail expansion switches. Read More

IMF supports Algerian government's reforms

14/11/2016

ALGIERS-The head of International Monetary Fund (IMF) mission to Algeria Jean François Dauphin expressed Monday in Algiers the IMF's support to the process of reforms launched by the Government, stressing that such reforms are necessary for a diversified economy Dauphin made this statement to the press following his meeting with Minister of Industry and Mines Abdessalem Bouchouareb at the headquarters of the ministry. Read More

Aquaculture: Towards creation of tuna fattening farms in 2017

08/11/2016

ALGIERS-Tuna fattening farms will be created for the first time in Algeria in 2017 in order to bring an added value to the fishing activity of this acanthopterygian fish, Director of maritime and oceanic fishing at the Ministry of Agriculture, Rural Development and Fisheries Omar Kaddour told APS. The selling of this tuna after fattening multiplies its market value tenfold at export, compared with its initial price (before fattening), Kaddour said. Read More

 

 

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