May 22, 2018


Govt freezes accounts of embassy in Algeria

The Ministry of Foreign Affairs has frozen accounts of Uganda’s embassy in Algeria until a forensic audit is carried out to assess how finances disbursed by the government are spent by the mission, Daily Monitor has learnt.

The decision was communicated in a May 14 letter issued by Mr James Kintu, an undersecretary in the Ministry of Foreign Affairs, on behalf of the Permanent Secretary, Mr Patrick Mugoya.


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May 21, 2018


South Africa agrees three-year wage deal with public sector unions

The South African government has agreed a three-year wage deal with public sector unions, a spokesman for the NEHAWU union, which represents workers in healthcare, education and other professions, said.

“All of us, everyone in the bargaining council, is signing the agreement today,” NEHAWU’s Khaya Xaba said.

Xaba said the government had offered a three-year"...

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May 21, 2018


Algeria's Islamist opposition urges national consensus on economic reform

Algeria must build a national consensus to undertake deep economic reforms and end its dependency on volatile gas and oil revenues, the new leader of the main Islamist opposition party said.

Abderazak Makri, elected last week as the new head of the Islamist MSP party, also told Reuters he will stand in the presidential election in April 2019 if the government does not bring the opposition into its plans for taking the oil-producer country forward.


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May 15, 2018


Africa’s Logistical Challenges and Cross-Border Trade Problems Will Hinder Economic Growth

Africa’s agriculture sector can be a major driver for economic growth but the continent’s ageing workforce, logistical challenges and cross-border trade problems must first be addressed to ensure this happens.

A major study by the Africa Centre for Economic Transformation (ACET) has highlighted how transforming agriculture can become a stimulus for economic development across the continent. The report, the second of its kind from the"...

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May 15, 2018


IMF reaches agreement on fourth review of ECF for Central African Republic

Discussions took place during the 2018 Spring Meetings of the IMF and World Bank (WB) in Washington, D.C. and were completed, from 4-11 May, in Paris.

At the conclusion of the discussions, Mr. Jahjah issued the following statement, “The authorities and IMF staff have reached understandings on a set of policies that, subject to approval by IMF management and the Executive Board, could be supported by the Fourth Review under the ECF arrangement.


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May 9, 2018


Algiers Int'l Fair kicks off, China as honor guest

Algerian Prime Minister Ahmed Ouyahia on Tuesday opened the 51st International Fair of Algiers (FIA), in which China has been chosen guest of honor.

Accompanied by Chinese Ambassador to Algeria, Yang Guangyu, Ouyahia visited the Chinese stand and exchanged talks with Chinese exhibitors in charge of constructing mega projects in the North African nation, including the Great Mosque of Algiers.


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May 8, 2018


Algeria Remains Africa’s Biggest Military Spender

Algeria remains Africa’s largest military importer, spending three times as much on defense equipment as Morocco, according to a 2018 report issued by the Stockholm International Peace Research Institute (SIPRI), reports Morocco World News. The report, “Trends in world military expenditure 2017,” estimates that the world’s arms spending stood at USD 1,739 billion in 2017. The globe’s military expenditures in 2017, according to the report, are at the “highest level since the end of the cold war.” Although Algeria decreased its military expenditure by 5.2 percent between 2016-17, the country remains Africa’s largest importer of military arms, spending USD 10 billion. The report opines that the decline in Algeria’s military spending is related to “low oil and gas revenue in recent years.” SIPRI added that this was the first decrease......

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May 3, 2018


China becomes guest of honor at Algiers Int'l Fair

China is chosen as the guest of honor at the 51st Algiers International Fair (FIA) due on May 8-13, Algerian Trade Minister Said Djellab said Wednesday.

China is the top economic and trade partner of Algeria, Djellab told a press conference held jointly with Chinese Ambassador to Algeria Yang Guangyu.

Djellab added that this fair would provide opportunities for building"...

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May 2, 2018


Algeria’s Food Security at Risk

Algerian agri-food experts have rang the alarm bell as to the state of dependence on imports that threatens Algeria’s food security.

Agriculture expert AKli Moussouni told Algerian website TSA that officials in the country are selling lies to people by claiming that Algeria produces 70% of its food needs.

“It is totally irresponsible to hide the truth. We import"...

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May 1, 2018


Algeria: Parliament Rejects Inclusion Of 8 May 1945 In List Of National Holidays

The deputies of the National People’s Assembly on Monday rejected a proposal put forth by the Workers Party to include May 8, 1945, the anniversary of the horrendous massacres committed by French colonialism, in the national holiday roster.
The Workers Party had proposed that the eighth of May be turned every year as a national holiday given that it is regarded as a national and central event and a turning point in the history of Algeria.
On the other hand, the Assembly’s 283 deputies voted for the"...

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