Government

September 25, 2018

1

London court continues restraint against Djibouti Port Company

The High Court of England and Wales in London has continued the injunction first made on 31 August 2018, prohibiting the Government of Djibouti’s port company, Port de Djibouti S.A. (“PDSA”) from interfering with the management of the joint venture company, Doraleh Container Terminal S.A. (“DCT”).

On 31 August, the Court issued a without notice injunction against PDSA, as shareholder in DCT, prohibiting the following"...

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September 20, 2018

2

Algeria plans 1.5 percent spending cut next year -government document

Algeria plans to cut spending by 1.5 percent in 2019 after a rise this year, despite a recovery in oil prices, as it seeks to rebalance its finances, according to a government document seen by Reuters.

The government expects a budget deficit of 9.2 percent of gross domestic product in 2019, up from the 9 percent forecast for 2018, said the document that is part of the draft budget for next year.

A"...

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September 17, 2018

3

German Chancellor, Merkel, in Algeria for trade, migration talks

Chancellor Merkel is headed for Algeria to find ways to boost trade with the Mediterranean nation. But the complicated issue of migration will loom over her talks as Berlin looks for ways to stem irregular migration.

Officially, the main purpose of German Chancellor Angela Merkel's visit to Algeria is to strengthen trade relations. According to Algerian news agency APS, the visit will offer 'an opportunity to take stock of the economic relations"...

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September 8, 2018

4

Electronic Biometric Identity Card no longer used in Algeria

The term “Biometric Identity Card” will no longer be used in Algeria, according to draft Finance Law 2019 (PLF 2019).

The appellation “National Electronic Biometric Identity Card” will be replaced by “National Identity Card”.

The Government proposes, in the PLF 2019, an article 13 bis, modifying and completing Article 140 bis of the"...

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September 6, 2018

5

FOCAC’s 3rd Summit: Special quality of Algerian-Chinese cooperation highlighted

Prime Minister Ahmed Ouyahia said Tuesday, in Beijing, that relations between Algeria and China “date back to the national liberation struggle,” welcoming the considerable progress made in this respect.

In his speech at the Third Summit of the China-Africa Cooperation Forum where he participates in his capacity as Representative of the President of the Republic Abdelaziz Bouteflika, the Prime Minister stressed that “Algeria and"...

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September 4, 2018

6

FOCAC’s 3rd Summit: PM Ouyahia representing President Bouteflika

Prime Minister Ahmed Ouyahia left Algiers for Beijing representing President of the Republic Abdelaziz Bouteflika in the 3rd Summit of the Forum on China-Africa Cooperation (FOCAC), scheduled on 3-4 September 2018, said Sunday a communiqué of the Prime Minister’s Office.

Prime Minister Ouyahia is accompanied by Minister of Foreign Affairs Abdelkader Messahel. This latter attended, on Sunday, the 7th FOCAC Ministerial Conference, which"...

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September 4, 2018

7

China's Xi offers another $60 billion to Africa, but says no to 'vanity' projects

Chinese President Xi Jinping offered another $60 billion in financing for Africa on Monday and wrote off some debt for poorer African nations, while warning against funds going toward “vanity projects”.

Speaking at the opening of a major summit with African leaders, Xi promised development that people on the continent could see and touch, but that would also be green and sustainable.

China"...

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September 2, 2018

8

Algerian President Returns Home after Swiss Medical Tests

Algerian President Abdelaziz Bouteflika returned flew back to his country after undergoing medical check-ups in Switzerland, his office said in a brief statement on Saturday.

Bouteflika traveled Monday to Geneva for what the presidency called a periodic health check.

His office said he returned to Algeria's capital, Algiers on Saturday.

Bouteflika has been in office as president since 1999. His current term ends next year, and he has not said if he will seek another.

"...

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August 28, 2018

9

Nigeria’s GDP slowed in 2018 second quarter

Nigeria’s Gross Domestic Product (GDP) slowed in the second quarter of 2018, according to the National Bureau of Statistics, NBS.

According to details of the Nigerian Gross Domestic Product Report (Q2 2018 ) released by the bureau on Monday, growth in Q2 2018 was –0.45 percent points slower than 1.95 percent recorded in the first quarter of 2018.

However, growth"...

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August 27, 2018

10

GN Hearing Introduces New Interton Ready™ Hearing Aid with Excellent Connectivity and Personalized Sound at a Compelling Price

(AETOS Wire)-- GN Hearing, one of the world’s leading hearing aid manufacturers and the pioneer of 2.4 GHz wireless connectivity, today announced the launch of Interton Ready, a next-generation hearing aid, aiming to help more people with hearing loss to stay connected with the world around them. The new Interton Ready combines the advanced and proven GN sound technology and connectivity in a new value-based category of hearing aids.

According"...

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