THE COMPANY: Alliance Assurances is a joint stock company founded in December 2004 by a consortium of Algerian investors with an initial capital of AD500m (€4.7m); however, the company did not officially begin operations until 2006. In 2007, Alliance Assurances inaugurated a commercial development programme, which led to a 178%...
Access to finance can be difficult in any emerging market, as indicated by low levels of financial intermediation in the Middle East and Africa, and Algeria is no exception. For small businesses and households, which often face the greatest challenges in accessing credit, lending levels are low in Algeria, even by regional standards. Yet credit to the private sector has...
Development of Algeria’s oil and gas resources has allowed it to amass considerable financial reserves, helping maintain high levels of domestic investment during periods of slack global growth and partially offsetting the country’s vulnerability to external price shocks. Indeed, Algeria’s public works and robust GDP growth make for a distinct contrast to the more...
The single-largest structural shift in the global energy market over the past decade has been the emergence of shale gas and oil in the US. The beginning of production in states like Texas, North Dakota and Pennsylvania has reduced imports for one of the world’s largest energy consumers. This has had significant impacts for large-scale producers from Africa, in...
The public sector remains the primary driver of economic growth in Algeria. State-owned businesses – such as oil company Sonatrach, one of Africa’s largest corporate entities – dominate production in sectors such as energy and industry. Unsurprisingly, this has a dampening effect on private enterprises, but the government is increasingly looking to strengthen private...
The hydrocarbons sector continues to absorb the lion’s share of foreign direct investment (FDI), but in recent years the government has sought to channel inflows into the non-oil sector in a bid to encourage greater diversification, increase job creation and strengthen export revenues.
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