KIGALI - The African Investment and business Forum, scheduled from 3 to 5 December 2016 in Algiers, is a contribution that is part of the implementation of the African Union’s Agenda 2063, said Friday in Kigali (Rwanda), Minister of State, Minister of Foreign Affairs and International Cooperation, Ramtane Lamamra.

 "We informed the participants at the 29th meeting of the AU Executive Council (whose proceedings wrapped up Thursday night) about the details of the contribution, which is in line with the African Union Agenda 2063," Lamamra told APS.

Algeria represents Algeria in the preparatory meetings of the AU Conference of Heads of State and Government (17 and 18 July).

The African Agenda 2063 particularly provides a program to double the intra-African trade by 2022.

Lamamra said that 2,000 people will take part in this meeting which will be attended by public and private African operators.

"This is not a diplomatic conference, but an operational conference. It is a ‘business to business’ encounter for intra-African investment and trade," he said.

The Algerian top diplomat had recently indicated that the holding of this Forum is part of Algeria's policy in Africa, led by President of the Republic, Abdelaziz Bouteflika, aimed at strengthening its place in the continent.

 
Friday, 15 July 2016 18:12

ALGIERS- Algeria-Africa Economic Forum will be held from 3 to 5 December in Algiers, announced Monday in Algiers Minister of State, Minister of Foreign Affairs and International Cooperation Ramtane Lamamra.

Lamamra was speaking during a press conference he jointly hosted with Minister of Industry and Mines Abdessalam Bouchouareb and Minister of Trade Bakheti Belaib and President of the Business Managers Forum (FCE) Ali Haddad, following a meeting dedicated to the preparations for this meeting.

The meeting, which will see the participation of Several African countries, has been adjourned due to the internal and external conditions, explained Bouchouareb.

"The organization of this forum is part of Algeria's policy in Africa, led by President of the Republic Abdelaziz Bouteflika, aiming at strengthening its position in the continent and contributing to its integration, notably in the economic field, "Lamamra said.

"African countries remain attached to Algeria, which has enormous potentialities to conquer this vast market on the commercial side but also in terms of investment," he said.

The meeting will bring together, for the first time, businessmen from several countries of the continent, to explore new opportunities for economic partnership, especially in the industrial sector.

It is also part of Algeria’s new economic model of growth, which banks on the economic diversification by reducing the country’s dependency on hydrocarbons, said Lamamra. 

 
Tuesday, 12 July 2016 10:31

KIGALI- The African Union (AU), as part of its Human Rights Decade, with special focus on women’s rights, on Monday in Kigali (Rwanda) granted to Algeria the Highest Award in recognition of the efforts made by President of the Republic Abdelaziz Bouteflika, for the promotion of women’s role within the society

The award was presented by Chairwoman of the AU Commission, Nkosazana Dlamini-Zuma, to Prime Minister Abdelmalek Sellal at the closing ceremony of the 27th Ordinary Summit of AU Heads of State and Government.

This award was created exceptionally on this occasion and enshrines Algeria’s "leadership" in Africa in the promotion of human rights in the political, economic or social levels.

Algeria has also received the "Award of Social Development" as tribute to the "efforts and the policy pursued by the Head of the State in this regard."

On that occasion, Sellal who represented President Bouteflika at the Summit works hailed during a motion of thanks, the adoption of decisions with "great impact and which live up the current challenges," underlining the "historical" decision on the African Union financing.

 

Monday, 18 July 2016 19:08

KIGALI- The Social Development Prize awarded to Algeria by the African Union, within the framework of the decade on human rights, particularly women’s rights, is a recognition of President of the Republic Abdelaziz Bouteflika efforts, to promote women’s role in society, said Monday in Kigali, Prime Minister Abdelmalek Sellal.

"The AU and all African leaders have decided to grant Algeria the first Social Development Prize, in recognition of the efforts of the Head of State in recent years to promote women’s role in the society," said Sellal to the press on the sidelines of the AU summit.

This distinction "is an honor for Algeria," welcomed Sellal, who was representing President Bouteflika at the works of the AU summit (July 17- 18).

The Prize was presented to Sellal by the Chairwoman of the AU Commission, Nkosazana Dlamini-Zuma, during the closing ceremony of the 27th session of the Ordinary Summit of AU Heads of State and Government.

Algeria has also received the "Highest Award", a distinction created exceptionally on this occasion and enshrines Algeria’s "leadership" in Africa in promotion of human rights.

 
Monday, 18 July 2016 19:59

Algiers - Minister of Industry and Mining Abdesslem Bouchouareb presented Thursday the bill on the promotion of investment before the committee of financial and economic affairs of the Council of the Nation, said a communiqué of the Council of the Nation. In a meeting chaired by Abdelkader Chenini, the committee’s head, Bouchouareb broached the content of the legal framework governing investment in Algeria and the objectives to achieve which aim as a whole at giving a fresh impetus in terms of attracting foreign direct investments and improving business climate for the economic development, said the source.

At the end of his presentation, he listened to the concerns of the members of the specialized committee concerning several aspects of the law and provided the necessary explanations. On the other hand, the preliminary report on the bill is currently being drawn up by the economic affairs committee of the Council of the Nation, added the communiqué. The members of the People’s National Assembly adopted on Monday the bill on the promotion of investment.

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