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Africa Business News

Algeria Tender and Business News

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.

More Help Needed to Deal with Food Insecurity in the Wake of El Niño

United Nations leaders said today that much more needs to be done to prevent further suffering, strengthen resilience and preserve livelihoods in the wake of El Niño's devastating effects worldwide. Africa was the worst hit, with 40 million of the estimated 60 million affected globally residing in East and Southern Africa.

Tempus Applied Solutions Awarded U.S. Africa Command Contract

The U.S. Africa Command (AFRICOM) Special Operations Command Africa (SOCAF) division has selected Tempus Applied Solutions, provider of customized design, engineering, integration, and operations solutions to support aircraft mission requirements, to provide airlift services to AFRICOM and would be responsible for logistics, security, personnel management, passenger services, cargo services and more.

RMB Reaches Nearly 40% Adoption Across Financial Institutions Worldwide

SWIFT data shows a double digit growth of RMB adoption by financial institutions established in all regions. In February 2016, 1,131 banks were using the RMB for payments with mainland China and Hong Kong, representing 37% of all institutions exchanging payments with mainland China and Hong Kong across all currencies.

A "Colombian Triangle" for Daesh in Libya?

Besieged by US, UK, French, Russian and Syrian war crafts and ground intelligence, both in Syria and Iraq, the Islamic State of Iraq and Levant (Daesh from its original acronym in Arabic) has reportedly been searching for a new base in the North of Africa, specifically in Libya, in what has been called the “Colombian Triangle.”

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