With the import ban launched in 2016 having coincided with a drop in energy prices, in early 2018 Algeria started to rethink, with a view at improving the country’s finances and easing a challenging tax situation. In June 2018 Parliament duly approved a measure replacing the ban on certain products with Customs duties.
The steep fall of oil prices in 2014 underlined the extent to which the Algerian economy, already under pressure from growing domestic demand for energy and decreasing output, was dependent on hydrocarbons. Algeria is now facing the challenges of reforming and revitalising this strategic sector and, through state-owned energy company Sonatrach...
In 2018 Algeria and China celebrated their 60th anniversary of diplomatic relations, a particularly notable achievement considering China has recently become the number-one source of Algerian imports. “The two countries are pioneers that have made history in many areas in the expansion of China-Arab ties,” China’s minister of foreign affairs,...
In developing and emerging market economies, the share of the population with access to basic financial services tends to lag significantly behind that of advanced economies. This can be chalked up to the relatively smaller size and sophistication of the banking sector, lower incomes, a higher degree of informal employment and patchy...
Investment funds are smart financing tools that encourage private investment by providing shortand medium-term capital resources to companies. Private equity financing supports companies looking to finance their foundation, growth and in some cases recovery and maintenance. Furthermore, in an economic context in which financing needs are...
Recovering international oil prices and a loosening of the government’s purse strings have afforded Algeria some breathing room after a number of challenging years for the economy. As Africa’s most important gas exporter, Algeria remains highly dependent on the hydrocarbons sector for the majority of its government’s revenues and almost the...
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