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Ferid Belhaj, Vice-president for MENA, World Bank : Interview
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Ferid Belhaj : Interview What more can be done to support inclusive economic growth in the Maghreb? FERID BELHAJ: In spite of moderate growth in recent years, unemployment remains high in the Maghreb, at around 13.5%, according to the latest figures from the International Labour Organisation. It is especially high among young people, at 32.8%. Jobs often come from newly created enterprises. Developing…
Interview

Abdelmoumen Ould Kaddour, CEO, Sonatrach : Interview
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Interview :Abdelmoumen Ould Kaddour What is being done to ensure mutually beneficial partnerships with international companies? ABDELMOUMEN OULD KADDOUR: Current and future partnerships are a core part of our SH2030 strategy. Since early 2017 most litigation with partners have been resolved, and our goal is for Algeria to once again begin attracting major global actors. Considering this, in…
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Hesham Mekawi, Regional President, BP North Africa : Interview
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Intewrview :Hesham Mekawi What can be done to further encourage Algeria’s upstream segment to reach its full potential? HESHAM MEKAWI: We are excited about Algeria’s upstream potential. Its improved infrastructure and reserves make it ideally positioned to become a major global oil and gas supplier. We recently extended the In Amenas production-sharing contract to 2027, and also signed…
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Abderrahmane Raouya, Minister of Finance : Interview
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Interview :Abderrahmane Raouya How will the new Organic Law relative to Finance Laws improve public budgetary management? ABDERRAHMANE RAOUYA: The Organic Law No. 18-15 put in place in September 2018 defines the general framework by which financial laws are formulated, adopted and executed. This law is part of wider budgetary reforms that will ensure a better management of public funds, and…
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Lazhar Sahbani, Partner, PwC Algeria : Interview
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Interview :Lazhar Sahbani To what extent can listings of private companies restore trust in the capital markets? LAZHAR SAHBANI: Considering the current market’s status, with only five registered companies, the involvement of large private companies in the Algiers Stock Exchange (ASE) could restore trust in the capital market, enhancing the attractiveness of initial public offerings (IPOs)…
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Brahim Semid, CEO, Banque Extérieure d’Algérie (BEA) : Interview
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Interview :Brahim Semid How would you assess the current levels of liquidity and credit to the economy? BRAHIM SEMID: Due to the dynamism recorded in some sectors, there is currently an offset between the resources of national banks and the demand for financing in the national economy. Mega-projects run by public operators, for instance by hydrocarbons company Sonatrach, and private operators…
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Richard Lesser, CEO, Boston Consulting Group : Interview
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Interview : Richard Lesser What are Algeria’s main competitive advantages, and how can its potential be unlocked? RICHARD LESSER: Algeria has many assets that it can use to become and remain a strong economic power in Africa. It is the largest territory on the continent and has abundant natural resources, a young and educated workforce and a growing internal market. The country can benefit from…
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Hocine Necib, Minister of Water Resources : Interview
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Interview :Hocine Necib What major hydraulic projects have been completed in recent years, and what investments are planned? HOCINE NECIB: Over the past two decades the state has invested more than $55bn in infrastructure to mobilise, distribute and diversify its water resources, including dams, transfers, desalination plants, purified waste-water treatment plants (WWTPs), rehabilitated supply…
Interview

Mohamed Arkab, CEO, Sonelgaz : Interview
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Interview :Mohamed Arkab What are Sonelgaz’s 2030 development objectives? MOHAMED ARKAB: The evolution of the country’s energy needs has been anticipated through annually updated decennial studies to launch relevant programmes at the right time. Our $32bn investment through 2028 will achieve an installed generation capacity of 30 GW, and the construction of 22,000 km of transport networks…
Interview

Amara Charaf-Eddine, CEO, Madar Holding : Interview
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Interview :Amara Charaf-Eddine How can innovation help to boost high-potential manufacturing segments? AMARA CHARAF-EDDINE: The growth of production and the creation of long-term jobs are at the base of the national growth model. This strategy targets a significant rise in production, giving priority to those segments, such as agriculture, fisheries, ICT and tourism, that produce tradable goods…