ALGERIA-AFRICA BUSINESS FORUM TO BE HELD IN ALGIERS IN NOVEMBER

ALGIERS,– An Algerian-African Business Forum will be held here from Nov 19 to 21 to develop and direct Algeria’s non-hydrocarbon exports to the continent, says Minister of Industry and Mining Abdesselam Bouchouareb.

To that end, a working group comprising representatives of the Ministry of Industry and Mining and the Ministry of Foreign Affairs, as well as the Forum of Algerian Business Managers (FCE), has been set up to prepare for the the forum.

Algeria aims to direct its non-hydrocarbon exports to “its first natural destination (Africa) and to develop Algerian investments in the continent, which has huge potentialities”, Bouchouareb said at the inauguration of the working group here monday.

Africa is an overriding target market for Algeria in its efforts to promote non-hydrocarbon exports and to diversify its economy, said the minister, who added that “the future lies in the African market, whose economy has recorded strong growth and growing demand over the past few years”.

Bouchouareb stressed that Algeria had the potential to enter the African market, owing to its infrastructure, especially the project of a new large port and the widening of the trans-Saharan Highway.

Through the forum, Algeria also intends to participate in the continent’s electrification programme, developed by the United Nations and the African Union (AU) for 2030. To that end, energy projects and the National Renewable Energy Programme will be presented during the Algerian-African Forum, to highlight the Algerian potentialities in the field.

“It is a major challenge for us. We are among the countries inthe best position to invest and participate in the programme (of the continent’s electrification),” explained the minister, citing the example of the national electricity and gas company, SONELGAZ, and the private group, Amimer Energie, which have expressed interest in the programme.

Amimer Energie, specializing in power generators and power plants, is present in many African countries. It has signed recently an agreement, worth nearly 116 million US dollars, with a Chadian company to build a hybrid solar power plan with a generating capacity of 30 megawatts (MW), as well as another agreement, worth 5.0 million USD, with the same Chadian company, on electricity grid inter-connection and development in five Chadian towns.

 

 

Source: Name News Network