WASHINGTON–Algeria numbers among the five African countries having invested the most in the public-private partnership projects (PPP) during past 15 years, according to the 2016 report on the economic development in Africa, released Thursday by the UNCTAD.

Algeria is ranked fifth in terms of investment volume made as part of the public-private partnership projects with an amount reaching $13.2 billion during the period 1990-2015, said the UN Conference on Trade and Development (UNCTAD) in its report.

Algeria lags behind Nigeria, Morocco, South Africa and Egypt, according to this study which examined the public-private partnership projects progress in 52 African countries.

The UNCTAD indicated that these five countries alone account for almost two thirds of the total value of African investments in the context of PPP, while half of the continent (27 countries) has invested less than a billion dollars.

The PPP projects launched in Africa range from simple service contracts to large scale concessions, through infrastructure creation projects.

The majority of partnerships, namely 70%) focus on infrastructure development, according to UNCTAD.

Besides, Algeria is ranked among the least indebted countries in Africa, said the report which deals with the complex problems of growth in Africa and its needs in terms of financing.

Between 2011 and 2013, Algeria’s foreign debt has represented 2.8% of the national income, i.e. $5.59 billion, according to UNCTAD figures.

 
Thursday, 21 July 2016 19:05

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