Africa Economy

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...