Latest News Algeria
Insurance
17/05/2021 at 18h20, by Africa Business+
Macif to decide if former SAA man Abdi Mohand-Outabet will take over as head of Amana Assurance
Following Abdelhak El Mansour’s ouster as CEO of Amana Assurance in mid-May, Deputy Managing Director...
Air transport
12/05/2021 at 18h16, by Africa Business+
Gérard Houa and Philippe Bohn pay €20 000 in compensation in Aigle Azur affair, and face criminal proceedings
In the summer of 2019, the two aviation professionals took control of Eagle Azur, the carrier known...
Energy
12/03/2021 at 18h33, by Africa Business+
Algeria blocks Greek Energean in Reggane concession
The Algerian authorities are complicating the divestiture by the Italian company Edison S.p.A of its...
Bank
12/02/2021 at 16h58, by Africa Business+
Foreign exchange regulations: SocGen Algeria in sights of authorities
Sixteen managers of the subsidiary of the French banking group have been acquitted.
Bank
15/12/2020 at 15h08, by Africa Business+
DFC to support Citibank in its African risk markets
The American bank is set to invest in five of its subsidiaries on the continent and in the Middle East....
Construction & Infrastructure
25/09/2020 at 16h01, by Africa Business+
Algiers metro renationalisation not (yet) affecting RATP’s large tramway contracts
This setback for RATP, which wanted to continue operating the metro, comes at a time when the group...
Industry
10/07/2020 at 06h28, by Africa Business+
The spectre of liquidation looms large at KouGC
Despite the arrival of an administrator, the recovery plan to avoid bankruptcy at the Kouninef family...
Automotive
20/05/2020 at 19h16, by Africa Business+
Cevital plans to relaunch its automotive activities
Although the Covid-19 epidemic and anti-import measures have led to a gloomy economic situation for...
Hotel business
30/04/2020 at 16h15, by Aurelie Benoit
In Algeria, Marriott postpones the opening of two new properties
The group has had to delay the launch of hotels in the Algerian capital due to the Covid-19 pandemic....
Air transport
23/04/2020 at 17h52, by Africa Business+
Air Algérie boosts its cargo operations and considers suspending “major” investments
The national carrier, whose business has been virtually at a standstill for several weeks, is stepping...
Automotive distribution
07/04/2020 at 16h38, by Africa Business+
In Algeria, Volkswagen terminates its distribution contract with Sovac
The motor vehicle group is also looking for a solution to get its Relizane plant back up and running.
Consumer goods
06/03/2020 at 16h54, by Africa Business+
Algeria: Ferhat Aît Ali Braham envisages the privatisation of the National Company for Electric & Household Appliances Industries (Entreprise nationale des industries de l’électroménager)
This project comes at a time when the new Minister of Industry and Mines is ratifying the end of customs...
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