Angola’s President João Lourenço visited Algeria’s Fouka 2 desalination plant on 13 May 2026 during a state visit, according to AL24 News. The facility, located in the coastal town of Fouka, west of Algiers, is one of Algeria’s largest seawater desalination projects, producing 120,000 cubic meters of drinking water per day. The visit highlights growing … Read more
Algeria has launched a $7 billion plan to expand its refining and petrochemical capacity from 2026 onward, according to Energies Media. The programme, unveiled by Sonatrach CEO Rachid Hachichi in December 2025, targets three existing refineries—Arzew, Skikda and Algiers—and two new petrochemical complexes in Hassi Messaoud and Béjaïa. The goal is to lift refining capacity … Read more
Weekly trends Startup funding: public commitments, private gaps Ten incubators and accelerators now operate in Algeria, according to regional reports. These include Algeria Venture, CTP, and Innov’Lab. Their focus spans fintech, agritech, and renewable energy. Combined, they have supported 127 startups since 2022, with 43 securing seed funding. Average ticket size: $50,000. The SANAD Program, … Read more
Algeria and Vietnam recently formalised a series of economic agreements that create immediate opportunities for Algerian entrepreneurs, business founders, and the diaspora. According to vietnamnews.vn, the two governments signed memoranda of understanding in Hanoi on 18 November 2025 covering agriculture, renewable energy, pharmaceuticals, and digital start-ups. The deals follow a state visit by Algerian President … Read more
Algeria’s qualification for the 2026 FIFA World Cup and its recent performances on the pitch have triggered a wave of economic activity that extends far beyond the stadiums. According to data from the Algerian Ministry of Trade, remittances from the diaspora surged by 18% in the three months following the team’s confirmation of a Round … Read more
Algeria’s business environment saw shifts this week in maritime investment, venture capital, pharmaceuticals, and geopolitics. New figures on stalled projects and certification milestones emerged, while policy changes in education and trade registration signaled evolving priorities. Foreign Investment & Maritime Expansion TASAC’s investment in rescue capacity—part of a $180 million program—targets safety compliance with International Maritime … Read more
In late December 2025, a cargo vessel flying the flag of Belize docked at the Algerian port of Oran. According to The Times of Israel, the ship—identified as the MV Sevmorput—carried a disassembled nuclear reactor intended for Russia’s military base in Algeria. The operation, allegedly orchestrated by Russian President Vladimir Putin, bypassed NATO surveillance and … Read more
Algeria’s recent overhaul of its investment legal framework, enacted through Executive Decree 23-301 in August 2023, introduces several improvements aimed at attracting foreign and domestic capital. The decree replaces the 2016 investment law and is part of President Abdelmadjid Tebboune’s broader economic reform agenda. However, while the changes simplify some administrative procedures, the corporate tax … Read more
Algeria’s economic outlook remains defined by cautious optimism and persistent regulatory hurdles. This week’s developments reveal a tension between projected growth and the practical challenges entrepreneurs face—from stalled megaprojects to uneven enforcement of tax and investment policies. While the government signals ambition through forums and sectoral adjustments, implementation gaps continue to shape business realities on … Read more
Jingdong Steel’s $500 million steel production facility in Algeria has reached 60 percent completion, according to Steel Orbis. The project, located in the industrial zone of Bellara near Jijel, is on track for partial commissioning by the end of 2026. Once operational, the plant will produce 2 million tonnes of steel annually, targeting both domestic … Read more