Algeria

  • The Report: Algeria 2011

    ISBN: 9781907065378
    ISSN: 1755-2737
    Algeria is currently the second largest country in Africa (and will be the largest if, as is widely expected, Sudan splits into two countries) with a total landmass of 2.38m sq km. The country is rich in natural resources, including substantial reserves of iron ore, coal, phosphates, uranium, zinc, lead, mercury and gold. Fossil fuels are the backbone of the economy, representing over 98% of exports, 60% of revenue and 40% of GDP. Nevertheless, Algeria is still largely unexplored and foreign firms are increasingly investing in joint ventures with Sonatrach, the state-owned oil company, to …
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  • The Report: Algeria 2010

    ISBN: 9781907065125
    ISSN: 1755-2737
    In the past decade, Africa’s second-largest nation has been defined by greater stability and a drive for economic diversification. As the President Abdelaziz Bouteflika embarks on a third term, liberalisation remains a priority, as does assuming a greater regional diplomatic role and bolstering ties to the EU. While the global economic crisis rattled Algeria’s oil and gas-centric economy, the country has powered through due to excess liquidity and high international reserves, and made significant progress towards developing agriculture, tourism and other non-hydrocarbon sectors.
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