Banking / Investment in Algiers
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BOTSWANA, 2017/09/09
This year, under the leadership of H.E. President Alassane Ouattara and the theme of “Accelerating Africa’s Path to Prosperity: Growing Inclusive Economies and Jobs through Agriculture”, the African Green Revolution Forum (AGRF) 2017 is shaping up as a premier platform to showcase ongoing evolution in Africa’s agricultural transformation schedule and to scale up the political, policy, and financial commitments needed to achieve the Malabo Declaration and the world development schedule around the Sustainable Development Goals (SDGs).
Following the launch of the landmark annual Africa Agriculture Status Statement (ASSR) at the AGRF taking place in Cote d’Ivoire from 4-8 September 2017, the major conclusion centres around the power of entrepreneurs and the free market in driving Africa’s economic increase from food production. This is owing to the fact that a lot of businesses are waking up to opportunities of a rapidly growing food market in Africa that may be worth additional than $1 trillion each year by 2030 to substitute imports with high price food made in Africa.
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ALGIERS, 2013/06/11
Next a year-long review process, amendments to Algeria’s Hydrocarbons Code were released in February 2013, offering new incentives to foreign investors. National authorities hope that the revisions will stimulate better international involvement in oil and gas exploration, particularly for unconventional reserves, such as shale.
The country has seen declining investment in exploration since legislation was introduced in 2009 that requires foreign companies to enter into a joint venture with the national operator, Sonatrach, and limits their participation to 49%.
