The President of the African Development Bank Group, Sidi Ould Tah, called for a radical transformation in the development financing model in Africa by focusing on large-scale investment projects capable of valuing natural resources locally and creating greater added value, emphasizing that reliance on exporting raw materials or limited-impact projects is no longer sufficient to achieve the desired development. Ould Tah explained, during a press conference held on the occasion of the conclusion of the annual meetings of the African Development Bank, that the continent's wealth of natural resources and increasing demographic weight necessitates adopting a new approach to development financing based on structured investments that support manufacturing and local processing of African resources.
Algeria - The process of expanding the powers of public administration representatives at the one-stop shops of the Algerian Investment Promotion Agency continues, through the delegation of State Property Administration representatives to prepare and sign lease contracts for economic land, as part of simplifying administrative procedures and accelerating the realization of investment projects.
Algeria - The General Directorate of Taxes announced today, Sunday, in a statement, the extension of the deadlines for subscribing and submitting a number of tax declarations for taxpayers subject to the real profit system and the single flat-rate tax system, in order to enable them to meet their tax obligations under the best conditions.
Most homes and farms are not insured against fires; farmers are the most exposed to losses due to weak subscription. New insurance products to face climate disasters, digitization, and artificial intelligence to reduce compensation times. Hassen Khalifati, a member of the board of the Algerian Union of Insurance and Reinsurance Companies, warned that the expansion of fires in Algeria, due to heat waves and climate changes, is met with a clear weakness in the demand for fire insurance, which increases the losses incurred by families, farmers, and economic institutions when disasters occur. Khalifati explained, in a statement to 'Echorouk', that there are no accurate and updated statistics to determine the percentage of homes or farms...
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