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Africa’s economic growth in 2016 was driven by East Africa
While the continent’s major economies were hit by the fall in commodity prices in 2016, Africa retained its position as the second-fastest growing continent globally recording an average of 2.2% GDP increase, behind only South Asia, according to the African Development Bank Group (AfDB).
Much of Africa’s increase in 2016, AfDB says, was driven by East Africa where several nations recorded “strong performances.” In general, of the continent’s sub-regions, East Africa posted the highest increase rate with 5.3%, led by Ethiopia.
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Africa property offers rich pickings for the brave
Some property pundits believe there are major opportunities for investors or companies on the continent.
While most pundits will acknowledge that the saying “Africa is not for sissies” rings authentic at the same time as it comes to property investment , some commentators believe that there are major opportunities for investors on the continent.
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Bill Gates sees US likely to maintain aid levels for Africa
The US will probably maintain its current levels of aid to Africa despite President Donald Trump’s proposals to slash funding, according to Bill Gates, the world’s richest man.
Trump said in May his government would no longer allocate funding for family planning, a move that has the potential to undermine aid programs in the poorest nations in the world. However, with Congress in control of the budget, it’s unlikely that all cuts proposed by the Trump government will go ahead next year, Gates said in an interview in Dar es Salaam, Tanzania’s commercial capital.
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- Key Facts
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Full name: The People's Democratic Republic of Algeria
Population: 35.9 million (UN, 2011)
Area: 2.4 million sq km (919,595 sq miles)
Major languages: Arabic, French, Berber
Major religion: Islam
Life expectancy: 72 years (men), 75 years (women) (UN)
Monetary unit: 1 dinar = 100 centimes
Main exports: Oil, gas
GNI per capita: US $4,450 (World Bank, 2010)
Internet domain: .dz
International dialling code: +213
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Top 10 Most Attractive Investment Destinations In Africa
2017/08/20Africa’s feverish increase has decelerated in recent years and a lot of nations have buckled under the pressure of falling resource prices, security disruptions, fiscal imprudence and adverse weather conditions.
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Africa's Relationship With China Is Ancient History
2017/07/02In 2002 South Africa's Parliament unveiled a digital reproduction of a map - of China, the Middle East and Africa - that some speculated could be the initial map of the African continent. The Da Ming Hun Yi Tu - the Comprehensive Map of the Great Ming Empire - was drawn up around 1389 during the Ming Dynasty, according to historian Hyunhee Park.
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Climate change laws around the world
2017/05/14There has been a 20-fold increase in the number of global climate change laws since 1997, according to the most comprehensive database of relevant policy and legislation.
The database, produced by the Grantham Research Institute on Climate Change and the Environment and the Sabin Center on Climate Change Law, includes more than 1,200 relevant policies across 164 countries, which account for 95% of global greenhouse gas emissions.
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Algeria Hydrocarbons, a blessing or a curse?
2017/05/07Algeria
Hydrocarbons, a blessing or a curse?
Oil prices pile pressure on Algeria
2015/02/14Recent years have seen a relatively strong economic performance from Algeria, although the IMF has noted that falling oil prices may weigh down near-term performance, highlighting the continued dominance of the hydrocarbon sector on growth.
Algeria struggles to adapt
2015/01/03With oil and gas output diminishing, Algeria is desperate to diversify its economy and avoid a continued slide towards unsustainable fiscal deficits. The country’s political stability hinges on whether or not it succeeds.
Algeria is one of the world’s gas powerhouses. It ranks 10th globally for both reserves and production, and its output is the highest in Africa. It is as well the continent’s third major oil producer.
Manufacturing investments may take root in Algeria
2014/08/16Next decades of heavy dependence on hydrocarbons exports, Algeria has been working to increase price-added activity and local manufacturing, reduce its import bill and create additional employment opportunities. Evolution has been slow but the efforts have been recently rewarded with a spate of announcements of new investments in the manufacturing sector from both domestic and foreign players.
Algeria Year in Review 2013
2014/03/04Diversification in Algeria has been long discussed but efforts to increase activity in non-oil sectors are finally beginning to bear fruit.
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Africa: Making Things Happen at the Bank - 'Not a Talk Shop' - Akin Adesina
2017/07/02Dr. Akinwumi Adesina is focusing on five areas to achieve the African and world goals for a prosperous continent since becoming president of the African Development Bank - Africa's major public financial institution in September 2015. He was a keynote speaker at this month's Corporate Council on Africa's U.S.- Africa Business Summit in Washington D.C. and moderated a lively panel with five African government ministers. He as well received the Gene White Lifetime Succcess Award from the World Child Nutrition Foundation. This week, he was named the 2017 recipient of the World Food Prize, a prestigious honor that includes a $250,000 award. In an interview in Washington, DC, Adesina discussed the Development Bank's ambitious schedule and his vision for attracting the increase capital Africa needs. Posting questions for AllAfrica was Noluthando Crockett-Ntonga.
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Cooperative relationship between the People's Republic of China and the People's Democratic Republic of Algeria
2015/10/01In 2013, the strategic and cooperative relationship between the People's Republic of China and the People's Democratic Republic of Algeria maintained sound momentum of increase, with fresh evolution made in practical cooperation in various fields.
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Outlook for 2016-17
2015/08/08The country (Algeria) is situated in Northern Africa and bordering the Mediterranean Sea, between Morocco and Tunisia.
it has borders with Western Sahara for 42km, , Morocco for 1559km, Libya for 982km Mali for 1376km, Mauritania for 463km, Niger for 956km and Tunisia for 965km.
The Land in Algeria is usually with high plateau and desert and some mountains, narrow, with discontinuous coastal plain.
The Algerian land covers an area of 2 381 740 km². The climate is arid to semiarid and mild with wet winters and with hot and dry summers along coast. Drier with cold winters and hot summers on high plateau with the sirocco who is a hot, dust/sand-laden wind particularly common in summer. Algerian(s) speak Arabic (official), French, Berber dialects.OVERVIEW
Growth reached an estimated 3.9% in 2015, mostly driven by agriculture and a rebound in oil and gas activity.
With approximately 49% of government revenues and 96% of exports depending on the oil sector, the drop in oil prices has reduced budgetary and external savings, underscoring the need to diversify the sources of public finance.
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Florian Westphal is the chief of the German section of Doctors Without Borders
2015/08/07The 28-country European Union has told member states that expressing regret over the new migrant tragedy was no substitute for action. Some 200 migrants were feared drowned at the same time as their vessel sank off the Libyan coast.
One NGO helping to save shipwrecked migrants in the Mediterranean Sea is the medical charity Doctors Without Borders. DW has been talking to the chief of their German section, Florian Westphal.
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Youcef Yousfi, Minister of Energy and Mines.
2012/12/19Located beneath the Sahara Desert in the eastern part of the country, Algeria’s proven oil reserves are the third major in Africa – an estimated 12 billion-plus barrels of exceptionally high quality crude.
Algeria is part the world’s top ten oil producers, with the United States and Europe its biggest customers. It is as well of the world’s major producers and exporters – mainly to Europe – of natural gas, and a major exporter of crude and liquefied natural gas.
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President Abdelaziz Bouteflika
2012/12/19The President of Algeria is sworn in inside the Presidential Palace in Algiers. He reads the oath of office while placing one hand on the Koran.
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M. Mohamed Kebir Addou • Wali (Governor)
2012/12/05Algiers is the capital and largest city of Algeria. According to the 1998 census, the people of the city proper was 1,519,570 and that of the urban agglomeration was 2,135,630. In 2009, the people was about 3,500,000. An estimate puts the people at about 3,574,000 as of 2010.
- Algeria News
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