The carmaker Nissan received the approval of Algerian investment council for the construction of an assembly plant at Relizane (300 km West of Algiers), Motors Magazine reported on December 16, quoting one of the Japanese group’s local partners.
"We have received the government’s approval to launch the assembly of Nissan cars. Nissan will thus be the only Japanese brand to be authorized, for the time being, to produce cars in Algeria”, said Sefiane Hasnaoui, managing director of Hasnaoui group that distributes Nissan branded cars in Algeria.
According to the Algerian media, this assembly plant will require an investment of $100 million and should produce 60,000 cars yearly including the Sunny, Cabstar and Micra models.
Let’s note that in October 2018, the Algerian ministry of industry and mining announced that it received a dozen new assembly plants’ construction requests from various car makers.
Kenya shipped its first mango consignment to the UK on December 20 The move is part of a pilo...
Nomba brings Apple Pay to 300k Nigerian shops. Following Paystack, this "second row" move enables ...
The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...
Kenya’s CMA licensed Safaricom and Airtel Money as Intermediary Service Platform Providers (ISPPs)...
MTN Zambia launched a Mastercard-powered virtual card enabling secure global online payments for u...
In this week’s Health News Roundup, the U.S. is tightening health aid through bilateral agreements tied to co-financing and measurable targets, while...
Ghana resolves the $750m Afreximbank dispute. This strategic move avoids default and protects the lender’s credit rating from agency...
Ethiopia seeds 2.7M hectares for summer wheat, aiming for 17.5M tons to end import dependency and save ~$1B annually in foreign exchange. High costs...
The talks reportedly aim to boost digital resilience after West Africa’s recent connectivity disruptions. The project would focus on route diversity,...
Afrochella, now known as AfroFuture, is a cultural event held annually in Ghana, mainly in Accra, around the Christmas and end-of-year period. Launched in...
Algiers is a coastal capital of around four million inhabitants, located in north-central Algeria. Its urban structure, heritage, and social practices...