Kenya is one of the economic and political heavyweights of East Africa. Despite recent security issues, it is recording strong economic growth and maintaining its leading position in the region. Recent discoveries of new oil, gas and water reserves and a young population give further cause for optimism, and the government is working to put the right policies into place to maximise the country’s potential.
ETIQUETTE: Algerians are warm and welcoming, and hospitality is a dearly-held value.
While the state remains a major player in the Algerian economy, recent years have seen an impetus towards the sale of stakes in public enterprises. In the mid-2000s the government had plans to privatise a majority stake in the state-owned bank Crédit Populaire Algérie (CPA) and a minority holding in fixed-line telecoms operator Algérie Telecom...
The Algerian government, with the backing of foreign donors, has been making efforts to develop the country’s small and medium-sized enterprises (SMEs). There are around 900,000 SMEs and, in October 2015, Rabea Kherfi, secretary-general of the Ministry of Industry and Mines, told media that the failure rate of companies in the segment had...
Given the efforts to diversify the economy, what are the prospects in the short and medium term?
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