Among the important benefits that have made Algeria keen to attract foreign direct investment (FDI) is access to foreign technology and know-how to boost local industry. However, current FDI levels remain low, stymied in part by perceptions that it is difficult to do business in Algeria. There have been calls for changes to measures introduced...
High levels of liquidity and a total loan book that accounts for just half of deposits characterise the Algerian banking sector. The industry remains dominated by publicly owned banks, which constitute around nine-tenths of deposits and loans, though foreign-backed private banks are major players in trade finance and are highly profitable....
exchange expanded to almost $5bn in 2011 and stands to increase further, as Algeria concluded a free trade agreement (FTA) with Brazil in February 2012.
RAPID RISE: As elsewhere in Africa, however, it has been China that has risen through the ranks the fastest. The Asian giant has played a key role in...
In order to stoke growth following three years of underwhelming performance, central banks around the world have sought to pump liquidity into domestic markets. A variety of extraordinary and one-off measures – which include a combination of asset purchases and loan operations, along with near-zero interest rates – have been used in Europe and the...
Although it is well known as a major player in the global oil and gas industry, it is Algeria’s mining sector that is now in the spotlight, with the country expected to benefit from recent legislative and regulatory changes, as well as increasing government backing. Mining has long been considered an important basis for industrial development and is...
The Algerian banking industry remains dominated by public sector players, though both the public and private sectors have seen profits rise in recent years. Public sector banks have become profitable after a long period of restructuring, while private sector players have benefitted from a series of recent trade reforms and limited competition.
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