Some Japanese car makers are about to open in Algeria assembly units for utility cars and trucks, Japan’s ambassador to Algeria told the press, during a business club meeting regrouping investors from both nations.
“Japan is really interested in investing in Algeria, in several of its sectors of activities. We already have car manufacturers such as Nissan and Suzuki who project to build car assembly units in Algeria, waiting only for the approval of Algerian authorities to proceed,” said Masawa Fujiwara.
The diplomat added that Toyota was also interested in establishing an assembly unit in the country, via Hino Motors, its subsidiary which makes only buses and trucks. In the meantime, European car makers such as PSA Peugeot Citröen or Volkswagen also announced upcoming projects.
The companies do not wish to lose Algeria’s automobile market, which is quite lucrative, as the local authorities imposed them to build car assembly units in the country, or have their operating permits retrieved.
• Global coffee consumption projected to hit a record 169.4 million 60-kg bags in 2025/2026, up from...
• Investors seem to keep focusing on yields, which are high for the moment• New Leadership might see...
• Algeria grants commercial 5G licenses to top three telecom operators: Mobilis, Djezzy, and Ooredoo...
• ECOWAS Bank funds 47.7-km stretch of strategic 700-km road project• Lagos-Calabar highway seen boo...
• IFC teams up with AfDB and Nigeria’s EbonyLife to assess a new fund for African cinema• Sector cou...
As work on the first phase of the Ahmed Sékou Touré International Airport expansion continues, Guinean authorities have announced their intention to move...
• Loulo-Gounkoto mine remains shut as Mali’s administrator seeks to restart it by selling stored gold• Barrick halted operations in January over export...
Hive Coega has officially entered its construction phase, with tenders now out for its core infrastructure. This milestone comes four years after the...
Côte d’Ivoire, the world’s leading cocoa producer, has set an ambitious target: to process 100% of its cocoa crop at the first stage by 2030. While the...
Located about 40 kilometers from Cape Town’s city center, Boulders Beach in Simon’s Town is one of the Cape Peninsula’s most iconic destinations. This...
The Gerewol tradition is a fascinating ritual celebrated by the Bororo Fulani, a nomadic community primarily located in Chad and Niger. This annual...