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Africa Business News

Algeria Tender and Business News

Innovation Hubs Proving Reliable Way to Stimulate Tech Economy in Africa

As Africa's emerging technology ecosystem grows, innovation and entrepreneurship are taken on a bigger role. Innovation hubs in particular have been a major force for the existing major hubs in Kenya, Nigeria and South Africa, and the same model is proving equally important in the emerging tech centers on the continent.

Protea Hotels To Expand In North Africa

Protea Hotels by Marriott, part of Marriott International Inc., has announced its expansion into North Africa with the opening of Protea Hotel by Marriott in Constantine, Algeria.

IATA Launches Single African Air Transport Market Push

As a part of the African Union (AU) initiative, the International Air Transport Association (IATA) has announced the launching of the Single African Air Transport Market (SAATM) with the goal of opening up Africa's skies and improving intra-African air connectivity.

Hyatt Plans to Add Six New Hotels In Africa by 2020

Chicago-based Hyatt Hotels & Resorts just announced plans to double the number of Hyatt Hotels in Africa by 2020. That will bring six new hotels in total in Africa, including ones in Algeria, Cameroon, Ethiopia, Tanzania, Senegal and Marrakech.

IAEA Study Shows Significant Water Resources Present in Drought-Stricken Sahel

The International Atomic Energy Agency, with headquarters in Vienna, Austria, has completed an extensive study of the drought situation in Africa. In a report published on May 29 on the analysis, the information shows significant reserves of good quality water are in fact still available in Africa's drought-prone Sahel region.

Africa Legal Network Expands in Francophone Africa

Africa Legal Network (www.AfricaLegalNetwork.com), with central offices in Kenya, just announced it has signed three new member firms which will expand its capabilities in Francophone Africa. These are based in Algeria, Guinea and Morocco.

Algeria Receives EUR 900M Loan For Industry and Energy Competitiveness

Algeria just received much needed funds in a €900-million loan to support the country’s industrial and energy competitiveness. The loan, provided by the African Development Bank (AfDB), fills some of the gap caused by Algeria's recent drop in oil revenues because of price decreases.

Maghreb Countries' Investments in Renewables Drive Future Youth Employment

A new publication from the African Development Bank entitled "The Renewable Energy Sector and Youth (Un)Employment in the Maghreb", recommends that both energy-exporting countries in the Maghreb like Algeria and Libya as well as energy-importers Tunisia and Morocco, should keep pushing on renewable energy initiatives both as future planning and in support of youth employment.

AfDB Injects USD 1 Billion to End Youth Unemployment in Africa

The African Development Bank (AfDB) together with the International Institute of Tropical Agriculture (IITA) is embarking on the initiative “Jobs for Youth in Africa”, aimed to put an end to youth unemployment in the continent by creating 8 million agribusiness jobs within five years.

Dire Warnings But Also Hope as IUCN Environmental Congress Opens

A congress billed as the world’s largest ever to focus on the environment has opened to warnings that our planet is at a “tipping point” but also with expressions of hope that governments, civil society and big business are learning to work together.

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