Aug 10, 2022 to Aug 10, 2022

President Tebboune: Algeria seeks to play significant role in Africa.

-The President of the Republic, Abdelmadjid Tebboune affirmed that Algeria aimed to play a significant role in Africa, mainly through the settlement of certain shortcomings and the launch of several important African integration projects.

Aug 10, 2022 to Aug 10, 2022

La loi relative à l’investissement publiée au Journal officiel.

 La loi relative à l’investissement, adoptée le 27 juin dernier par l’Assemblée populaire nationale (APN), puis le 13 juillet par le Conseil de la Nation, a été publiée au Journal officiel (N50).

Il s’agit de la loi n 22-18, relative à l’investissement, signée le 24 juillet dernier par le Président de la République, M. Abdelmadjid Tebboune.

Elle a pour objet de fixer “les règles régissant l’investissement, de définir les droits et obligations des investisseurs et les régimes d’incitation applicables aux investissements dans les activités économiques de production de biens et de services, réalisés par des personnes physiques ou morales, nationales ou étrangères, résidentes ou non résidentes”, stipule le texte.

Les dispositions de ce nouveau texte visent à “encourager l’investissement dans le but de développer les secteurs d’activités prioritaires à forte valeur ajoutée , d’assurer un développement territorial durable et équilibré et de valoriser les ressources naturelles et les matières premières locales”, selon la même source.

Il s’agit également de “favoriser le transfert technologique et de développer l’innovation et l’économie de la connaissance, de généraliser l’utilisation des technologies nouvelles, de dynamiser la création d’emplois, de promouvoir la compétence des ressources humaines et de renforcer et d’améliorer la compétitivité de l’économie nationale et sa capacité d’exportation”.

Cette nouvelle loi consacre “la liberté d’investir”, ainsi que “la transparence et l’égalité dans le traitement des investissements”.

Elle a, à cet effet, prévu l’institution d’une Haute commission nationale des recours liés à l’investissement, auprès de la présidence de la République, chargée de statuer sur les recours introduits par les investisseurs.

Le recentrage du rôle du Conseil national de l’investissement (CNI) à la seule mission de proposer la stratégie de l’Etat en matière d’investissement, de veiller à sa cohérence globale et d’évaluer sa mise en œuvre, ainsi que la reconfiguration de l’Agence nationale de développement d’investissement (ANDI), avec une nouvelle dénomination “Agence Algérienne de Promotion de l’Investissement”, en lui accordant le rôle d’un véritable promoteur et accompagnateur des investisseurs en Algérie ainsi qu’à l’étranger, sont également prévus par cette nouvelle loi.

A rappeler que plusieurs projets de textes d’application de cette loi ont été examinés récemment lors des réunions hebdomadaires du Gouvernement.

Aug 10, 2022 to Aug 10, 2022

Algeria celebrates 60 years of Independence,Published by the NEWVISION.

Newvision

https://www.newvision.co.ug/category/news/algeria-celebrates-60-years-of-independence-138838
Aug 10, 2022 to Aug 10, 2022

Message from the Ambassador on the occasion of the 60th Anniversary of Algeria’s independence ,Published by the DAILY MONITOR.

Algeria’s 60 years of peace, economic stability.

On July 5, Algeria marked the 60th anniversary of independence regained at a price of a protracted struggle and enormous sacrifices lasting 132 years.

In December 2019, after the election of President Abdelmadjid Tebboune, Algeria entered a new era of profound political and socio-economic transformation to be at par with its glorious history. 

The Algerian Revolution (1954–1962) was fought by freedom fighters under the banner of the National Liberation Front.

The Algerian people have always considered that their own freedom cannot be fully affirmed without the full liberation of the African continent.

Since its independence, Algeria has been mobilised to provide effective support to all liberation movements throughout the world and particularly in Africa. 

Like Algeria, Uganda is also advocating for the principle of intangibility of boundaries inherited at the time of independence as enshrined in the constitutive Act of the African Union and for the decolonisation of Western Sahara, the last colony in Africa.  

This event is also a moment to reaffirm the friendly and historical relations dating back to the early days of independence and which have been strengthened since the assumption of power by the National Resistance Movement (NRM) and its leader, President Museveni, in January 1986.  

The two countries share the same values and tenets of non-alignment, peaceful settlement of African conflicts by Africans without foreign interference, support for just causes and decolonisation, Pan-Africanism and the establishment of a new international economic order based on equity and equality in sovereignty, as well as mutual and integrated interests and cooperation among all countries. 

Algeria is coordinating with Uganda to strengthen the role of the Non-Aligned Movement (NAM) to overcome the current tension in international relations and to promote international peace and security, knowing that Uganda is hosting the upcoming NAM summit next year. Algeria positions itself as a median power, producer and exporter of peace, stability and security.

It is working with African partners to revive the traditional relations of solidarity which have suffered, in recent years, from the internal concerns of States and the Covid-19 pandemic. 

President Tebboune, just like President Museveni, gives strategic importance to the strengthening of the African Union, politically and economically, so as to protect it from malicious attempts targeting its unity and its pivotal role in the world and to promote friendly ties among the African countries. 

Algeria is stepping up its efforts to support continental organisations, and develop intra-African infrastructure projects such as the Trans-Saharan Road, the Algeria-Nigeria Gas Pipeline and the Fiber optic backbone project. It is also working to mobilise and provide support for solidarity and development in Africa, within the framework of the newly created “Algerian Agency for International Cooperation”. 

Algeria cooperates with Uganda in many areas notably training, security and energy. Algeria aims to bolster trade and investment opportunities with Uganda in accordance with the joint will of our respective Heads of State both of whom pay great attention to the development and integration of the African continent in the framework of the 2063 Agenda and the African Continental Free Trade Area.

Algeria is also endowed with beautiful landscapes, constituting more than 1,200 km of coastline and 1.6 million Km2 of fascinating Sahara Desert sceneries. So welcome to Algeria either for sightseeing or investing.

Mr Chérif Oualid is the Ambassador of Algeria to Uganda

Aug 10, 2022 to Aug 10, 2022

Western Sahara: Security Council issues scathing response from Ambassador Larbaoui to his Moroccan counterpart.

NEW YORK (United Nations)- Permanent Representative of Algeria to the UN, Nadir Larbaoui, in a scathing response published by the Security Council, dismantled and swept aside the false and misleading allegations made by the Moroccan representative in New York, and recalled the historical truths and fundamentals of the conflict in Western Sahara.

Aug 10, 2022 to Aug 10, 2022

60th anniversary of Independence: Algerian diplomacy fully committed to peace.

Since its independence 60 years ago, Algeria, through strong and committed diplomacy, has established itself as a credible voice, listened to and sought after on the international scene, and has never ceased to develop its actions in favor of peace and liberation of colonized peoples. 

Admitted to the UN membership in October 1962, Algeria committed to working for peaceful cooperation between all countries on the basis of mutual respect. 

It has established diplomatic relations with almost every country in the world and its contribution has never been lacking when dealing with complex situations that required both courage and discernment.

Diplomacy at the service of peace 

In the 1960-1970s, Algeria was called the “Mecca of revolutionaries” for its unwavering and unconditional support to just causes, a principle that it draws from the “Declaration of 1 November”, which provides for “the liberation and self-determination of peoples” as well as “total independence and national unity”. 

The full support that Algeria has provided since 1962 to the just causes and liberation movements of the colonized countries is an asset for its international position. 

Thanks to the decolonization movement, particularly in Algeria, the UN General Assembly had enshrined the right of colonized peoples to independence. 

Moreover, Algerian diplomacy has distinguished itself throughout history by the constancy of its positions and actions, deserving a leading role in the resolution of international and regional crises and conflicts

Algeria’s doctrine relies on a number of foundations and principles, such as non-interference in the internal affairs of countries, making the country a vector of peace and stability. 

The President of the Republic, Abdelmadjid Tebboune, met on July 5 in Algiers, with Palestine’s President Mahmoud Abbas and the head of the political bureau of the Hamas movement, Ismail Haniyeh, on the sidelines of their participation in the festivities marking the 60th anniversary of Independence, a historic meeting after years of tension. 

This initiative is part of the constant and honorable position of Algeria, which has never ceased to support the Palestinian cause officially, and the right of the Palestinian people to build their independent state on the 1967 borders with Al-Quds as its capital. 

Since the outbreak of the Libyan crisis in 2011 and through intense diplomatic activity, Algeria has advocated dialogue, rejected foreign intervention in this country with which it shares a long border, and especially warned against the risk of extending the conflict to the entire Sahel region. 

Regarding the crisis in Yemen, Algeria has always urged dialogue between the Yemeni parties while recalling the principles of its foreign policy, based on non-interference in the internal affairs of States and the rejection of foreign interference. 

Algeria applied the same diplomatic doctrine to the old Malian conflict until reaching it reached a “historic agreement” between the various parties to the conflict in this other border country in March 2015. 

On its borders, in Western Sahara, Algeria has always favored dialogue between the two sides to the conflict (Morocco and the Polisario Front) for the organization of a referendum to enable the Sahrawi people to exercise their right to self-determination, in accordance with the international law and the relevant United Nations resolutions. The Iraq-Iran war (1980-1988) pushed Algeria to make huge efforts to restore peace to the point of losing, in a plane crash in this region, its Foreign minister, late Mohamed Seddik Benyahia, who was leading a delegation of many members for a good offices mission between the two belligerents.

The release in 1980 of 52 American hostages, detained for over a year in Teheran, thanks to the Algerian mediation, followed by Algiers Agreements between the United States and Iran on this issue, was symbolic of the present and future role of Algeria in this long armed conflict.

Algeria’s diplomatic action, based on an internal culture of peace and reconciliation, was also present in the territorial conflict between Eretria and Ethiopia, by contributing to the conclusion of the peace agreement between the two countries in 2000.

The diplomacy of the new Algeria continued its role as a mediator, notably in 2021 through its contribution to the resolution of several Arab and African crises, notably in Libya and Mali.  

The Algerian diplomacy has imposed itself as an unquestionable reality under the leadership of President of the Republic Abdelmadjid Tebboune.

As regards the Libyan issue, the Algerian diplomacy has reiterated several times its position in favor of a political settlement to the crisis in this neighboring country, through the inter-Libyan dialogue and its refusal of any foreign interference.

In Mali, where it plays the role of the leader of the international mediation, Algeria has always called to speed up the implementation of the Agreement for Peace and Reconciliation, stemming from Algiers Process (concluded in 2015) in order to achieve a lasting stability in this country.

Algeria has contributed to the collective efforts aimed at settling the disagreement opposing Egypt and Sudan to Ethiopia on the Renaissance Dam built by Addis Ababa along the Blue Nile.

In addition to its role in mediations, the new policy adopted by the Algerian diplomacy is fully in line with the priorities identified by the Government’s action plan for the implementation of the programme of President of the Republic.

In this regard, President Tebboune decided to create seven posts of special envoys in charge of leading Algeria’s international action.

Aug 10, 2022 to Aug 10, 2022

IGG investigates cases of alleged COVID-19 money misuse.

https://www.newvision.co.ug/category/news/igg-investigates-cases-of-alleged-covid-19-mo-138404
Aug 10, 2022 to Aug 10, 2022

Uganda Woos Algerian Investors.

The Uganda National Chamber of Commerce and Industry (UNCCI) has pledged to strengthen and grow trades with Algeria.

This will include harnessing investment and trade opportunities between the two countries, exchange of ideas, information between local businesses and Algerian counterparts.

These commitments were made during visit of the Algerian business delegation to Uganda National Chamber of Commerce in Mulago on Thursday May 19, 2022 where they engaged with the private sector.

Samuel Musoke Majwega, the Vice president, UNCCI, affirmed the commitment to work together with the Algerian Chamber of Commerce and stakeholders encouraging joint projects and associations strengthening relations for both countries.

“We have received at least twenty business people from the Algerian business community. Some of them are from sectors like ICT, tourism, value addition, industrialization among others. They are looking for who to partner with in Africa,” said Majwega.

Speaking at the business council, the Commissioner of Finance and Planning at the Ministry of Energy and Mineral development, Paul Okitoi, said this was a chance for government entities to show case business opportunities to the business community from Algeria

Okitoi noted that the Ministry has enormous opportunities ranging from the petroleum subsector, energy subsector and the mineral subsector. For the mineral subsector there is enormous potential of natural resources, materials distributed across the country.

“For example, [there are] 300 metric tons of iron ore deposits in Kabale and this can be used for turning around the iron and steel industry in the country. We have over two billion deposits of iron ore and Marble in Karamoja and this can be used for developing the construction industry, the cement industry.

Through this value addition, government will be able to generate a string of jobs across different value chains, generate incomes, taxes and increase exports hence reducing balance of payment deficits in the country,” said Okitoi.

On his part, Deus Muhwezi, from the Ministry of Agriculture, indicated plans of processing powdered milk to penetrate the Algerian market.

With an agrarian economy, Uganda’s major sector is agriculture as a source of income and investment. The export revenues are up to 53% for over 10 years and there are over 4.2 million small holder farmers

Currently Uganda is producing 3billion liters of milk annually in the dairy subsector. The dairy has grown getting close to the South Africa but penetrating markets with Uganda’s milk is still a challenge, according to Muhweezi.

He said currently the ministry is into plans of processing and package the milk into powdered milk and high end milk products like ghee to be able to penetrate the market in Algeria and South Africa.

“We would like to see strong partnerships with Algeria in value addition to Ugandan milk in the Dairy Sector.” he said.

Fisheries subsector is a potential agricultural opportunity as well, with export revenue up to USD 143 Million. Aquaculture development such as cage farming, fish feeds manufacture, fish breeding and so on can be done since Uganda has 20% of its surface area as water.

This is a prime investment opportunity for Algeria for they will be earning, as well as providing employment opportunities for both Ugandans and Algerians. With high market value, the fish exported from Uganda is on high demand within the region and worldwide. Therefore, the investment in fish growing and exportation is substantial.

Cherif Oualid, Ambassador of Republic of Algeria said Ugandans can also go and invest in Algeria.

“There was a rule of a 49 percent for shares for foreign investors however this rule is changing now. The government is doing its best to help this one stop center facilitate investors. Right now there is a meeting brainstorming about it to improve on the incentives of the beat of investment. This will be soon passed into law,” Oualid said.

Both Representatives from the National Chambers of Commerce of Uganda and Algeria signed a Memorandum of Understanding of business trade that could spur trade and investments Last year in June 2021.

Uganda has managed to export a number of items to Algeria including milk, coffee, beef, poultry and other agricultural products but the exports are still low yet the demand curve is gradually moving upward.

The export earnings from Algeria are still low, standing at $2M according to Bank of Uganda’s report 2020.

Aug 10, 2022 to Aug 10, 2022

Réunion du Gouvernement : le salon “AFRICA DISRUPT” prévu à la fin de l’année.

Le gouvernement a examiné, mercredi, lors de sa réunion hebdomadaire, présidée par le Premier ministre, M. Aïmene Benabderrahmane, l’organisation du salon “AFRICA DISRUPT”, prévu à la fin de l’année 2022, indique un communiqué des services du Premier ministère.

Lors de cette réunion hebdomadaire, tenue au Palais du Gouvernement, le ministre délégué chargé de l’Economie de la connaissance et des start-up a présenté une communication sur l’organisation du salon “AFRICA DISRUPT”, prévu à la fin de l’année 2022 et qui ambitionne d’être “le plus grand événement technologique du continent”, précise la même source.

“Cet événement rassemblera les plus grands acteurs de l’innovation et des nouvelles technologies, notamment de grandes entreprises technologiques, des start-up ainsi que des personnalités reconnues dans ce domaine”, explique le document.

Aug 10, 2022 to Aug 10, 2022

Council of the Nation: Zeghdar presents new investment law.

he members of the Council of the Nation.

https://www.aps.dz/en/economy/44309-council-of-the-nation-zeghdar-presents-new-investment-law