CEO Survey Analysis

Quelle Efficacité Aura la Zone de Libre-échange Continentale de l’Afrique?

In English Le mois dernier, 44 nations africaines se sont réunies à Kigali pour signer un accord prévoyant la mise en place de la plus grande zone de libre-échange au monde depuis la création de l’Organisation mondiale du commerce en 1995. L’Afrique est-elle prête pour une telle entente? Et dans quelle mesure cette zone de libre-échange continentale (ZLEC) pourra-t-elle améliorer le commerce…

Overview

Work in progress: Young residents and low penetration set the foundation for future growth
OBG
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Welcoming only a few new entrants to the market, the structure of Algeria’s insurance sector has remained relatively stable in recent years, with the four largest state-run insurers continuing to dominate. Purely private sector insurers capture less than one-quarter of the market, despite making modest gains of late. While the life insurance segment accounts for just 10% of total premiums,…

Analysis

New foreign and trade agreements to strengthen Algeria's regional and international relations
OBG
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Algeria has long had complicated foreign relations, having tense ties with neighbouring Morocco, which has held back regional integration, while at the same time having strong trade relations with the EU, with which it signed a free trade accord in 2002. However, its international profile is in the midst of a gradual shift, as it seeks to reduce industrial imports from traditional trading partners,…

Analysis

Algeria's fiscal reforms seek to rebalance the budget
OBG
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Given that Algeria’s hydrocarbons sector accounted for more than half of government revenues in 2014, it is hardly surprising that the collapse in oil prices from 2014 onward has hit public finances. From 8% of GDP in 2014, the deficit ballooned to 15.8% in 2015, before moderating to an estimated 14% in 2016. Algeria was able to postpone the bulk of the necessary adjustment in the public…

Analysis

SMEs drive growth in non-energy sectors of the Algerian economy
OBG
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Small and medium-sized enterprises (SMEs) predominate among Algerian firms, forming the backbone of the private sector. At end-2016 Algeria’s 1m SMEs employed more than 2.5m people and engaged in some AD75bn ($622.1m) in bilateral trade. According to the Ministry of Industry, Algeria created an average of 60,000 SMEs per year in the 2012-15 period, and there is evidence that the pace of business…