Since the country gained independence more than 50 years ago, Algeria’s economy has evolved significantly, but it has only been in recent years that its heft as an investment destination has tangibly changed, and for the better. Algeria has been following something of a contrary approach to much of the rest of the world over the past few years. Even...
As they are throughout North Africa – and indeed, much of the emerging world – subsidies remain a major driver of fiscal expansion in Algeria and have become a balancing act between minimising hardship for lower-income groups and avoiding a large rise in fiscal deficits. Algeria is luckier than most countries, with significant hydrocarbons revenues...
Although underdeveloped by both international and regional standards, Algeria’s insurance market has seen rapid growth in recent years. Public companies dominate the sector, but private firms are gradually increasing their market share. Property and casualty products make up the bulk of premiums, accounting for 92.4% of premiums in 2011, on a total...
Although insurance penetration in Algeria is still low by regional and world standards, the sector is growing quickly. Total premiums have almost doubled between 2006 and 2011, giving a compound annual growth rate of 13.55% from a starting point of AD45.82bn (€439.87m). Profits also increased during the same period, with net income as a percentage...
Benefitting from rising income levels supported by economic growth and strong hydrocarbons receipts, the country’s young and growing population increasingly expects to find international brands in local shops. While smaller, informal outlets still dominate the retail landscape in Algeria, new and modern shopping centres have recently started to...
As Algeria’s economy has picked up again in recent years, the country has had difficulties meeting the growing demand for steel and iron, particularly in light of large-scale state-led plans for infrastructure development. To address this problem, in mid-2011 the government pledged to invest millions of euros over five years to boost domestic steel...
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