Company in Algeria

  • Africa: Expanded Engagement for Caterpillar - Boosting Sales & Alleviating Poverty

    BOTSWANA, 2017/07/16 A strong signal of growing business engagement with Africa by large U.S. corporations was the announcement last September by Caterpillar CEO Doug Oberhelman of plans to invest over $1 billion in Africa over the next five years. Caterpillar is not a new-comer, having begun doing business on the continent in 1926. At last month's U.S.-Africa Business Summit in Washington, DC, David Picard, Caterpillar's regional manager for Africa and the Middle East, described some of the steps that have been taken since last year's announcement. He as well talked about the challenges and opportunities he sees, inclunding Nigeria, where the company has operated since 1948. He was interviewed by AllAfrica's Noluthando Crockett-Ntonga and Ladi Olorunyomi from Premium Times in Nigeria. The interview has been edited for clarity and length.
  • Algeria jails, fines seven foreign firms

    ALGERIA, 2015/05/09 An Algerian court on Thursday sentenced to jail 14 people and fined seven foreign firms from Europe, Asia and Canada capping a high-profile corruption case. Dubbed by Algerian media as the "scandal of the century", the case heard allegations of corruption, money laundering and embezzlement of public funds in connection with the construction of a key highway. The Algiers criminal court sentenced to 10 years Chani Mejdoub, a financial consultant who as well holds Luxembourg nationality, and Mohamed Khelladi, a former high-ranking official at the ministry of public works.
  • ENI-Saipem resignation of its veteran CEO Pietro Franco Tali

    ITALY, 2013/04/27 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.