Public Management

Algeria: Sluggish hotel developers will be expropriated

Thursday, 21 December 2017 11:43

Visiting the Biskra wilaya, in the Central Eastern part of Algeria, the minister of tourism and craftsmanship, Hassan Mermouri (picture), has announced that all hotel developers that fail to valorize lands they were awarded for projects, will be expropriated. This was reported by Algérie Presse Service (APS).

Delayed projects will be taken care of and measures will be taken to facilitate their kick-start, only if reasons for the delays are objective. Those who have kept lands in their possession for years without developing their projects will be expropriated,” the minister said.

He added that out the 1,844 projects that his office approved, 936 are on stand-by and this impairs the country’s tourism attractiveness.

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
23% of adults in Sub-Saharan Africa saved money using mobile accounts in 2024, well above the 9% average in low- and middle-income...
• Zambia launches the Growth Investment Partners Zambia (GIP) initiative to raise over $300 million for SMEs.• The program aims to support 150 SMEs...
• Treasury secures CFA364 billion in oversubscribed bond issuance• S&P cuts Senegal’s rating to B- after discovery of hidden debt• Over CFA1,260 billion...
• CRRH-UEMOA to launch West Africa’s first mortgage securitization on July 22• Named “ZAKA,” it targets affordable housing, boosting liquidity for...
Most Read
01

• Inflation within the West African Economic and Monetary Union (UEMOA) fell to a two-year low of 0....

UEMOA: Inflation Drops to 0.6% in May, Driven by Lower Food Prices
02

Flutterwave gained a BCEAO license to operate in Senegal, expanding to 35 African countries. ...

Flutterwave Gains Senegal License, Eyes Growth in $1.5T African Payments Market
03

In Africa, the private sector is widely seen as the main engine of industrialization and plays a cen...

West Africa has tools to build strong industry, says IFC’s Olivier Buyoya
04

 President Paul Biya, 92, to seek eighth term in October 2025 election In power since 19...

Cameroon: Paul Biya Officially Enters Presidential Race for Eighth Term
05

• Interbank volumes rose 18.7% in May, while rates declined across the market• The BCEAO cut its mai...

WAEMU Sees Easing Conditions on Regional Interbank Market
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.