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
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
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
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
Algeria’s constitutional restrictions on dual nationals are reshaping the landscape for entrepreneurs and business founders in the diaspora. Since 2016, the Algerian constitution has barred individuals holding dual citizenship from occupying 15 senior positions in the public sector, including roles in government, the military, and state-owned enterprises. The list, published by El Chourouk Online, explicitly … Read more
Algeria’s national telecommunications operator Algérie Télécom has established an $11 million fund dedicated to artificial intelligence, according to waya.media. The initiative, announced recently, targets local startups, researchers, and entrepreneurs working on AI-driven solutions, with a focus on digital payment technologies and broader digital transformation. The fund, managed by Algérie Télécom’s innovation arm, aims to accelerate … Read more
Two Algerian-born entrepreneurs, alongside a Brazilian co-founder, have raised $185 million to launch Kalshi, the first regulated prediction market in the United States. The platform, approved by the Commodity Futures Trading Commission (CFTC) in 2021, allows users to trade on the outcome of real-world events—from elections to economic indicators—with full regulatory oversight. The funding round, … Read more