Nigerian businessman Aliko Dangote revealed his group's plans to invest up to $50 billion in the manufacturing sector in Africa by the end of 2030, noting that Algeria intends to enter the production of Linear Alkylbenzene (LAB) with an annual capacity of 100,000 tons, through a strategic petrochemical project underway in Skikda, according to statements reported by 'Business Insider Africa'. Read the full content on Echourouk Online.
Algeria - The Minister of State, Minister of Energy, Mohamed Arkab, began today, Saturday, to present a report on the sector before the Finance and Budget Committee of the National People's Assembly, as part of the study and discussion of the 2027 Finance Bill.
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The President of the Republic, Abdelmadjid Tebboune, announced a series of economic goals and strategic projects, most notably connecting Tamanrasset to the railway network before the end of 2028, completing the trans-Saharan road and linking it to Chad, Niger, and Mali before the end of 2027, in addition to manufacturing a fully Algerian car by the end of 2028, emphasizing the continuation of efforts to diversify the economy and enhance national production. President Tebboune stated during the annual speech before economic operators that Algeria seeks to continue its economic transformation and transition from a managed economy to a free economy based on liberating economic initiative while maintaining social and economic stability. He confirmed that the recorded indicators reflect a significant difference.
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The port authority of Mistergham has set December 31, 2026, as the final deadline for completing the transfer of the import of utility vehicles and activities of self-employed contractors to other national ports, with the process to be gradually implemented within a period not exceeding 15 days, as part of the reorganization of port activities and the allocation of Mistergham Port for import operations directed at public institutions and companies. The authority announced in a statement that its general director chaired a broad awareness meeting last Thursday with the participation of economic operators and partners active in the port community, and in the presence of the head of the customs inspection department for the province of Mistergham, to discuss the necessary organizational and logistical arrangements for implementation.
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