In 2018, Algeria’s growth was 1.5% against 1.14% in 2017, according to figures published by the office for national statistics (ONS).
This growth rate is below the IMF’s forecast which was 2.5% for the period under review.
According to the office, the growth was spurred by the agriculture, construction, public works, hydraulics, oil and industry, transport and communication sectors.
During the period under review, non-oil GDP grew from 2.2% in 2017 to 3.4% thanks namely to the construction, public works, hydraulics, market services, industry and agriculture sectors.
EIB commits over €1 billion for renewable energy in sub-Saharan Africa Funding supports Miss...
MTN Zambia tests Starlink satellite service connecting phones directly from space Direct-to...
Since its 2019 IPO, Airtel Africa paid Deloitte over $37 million in audit and non-audit fees,...
Nigeria introduced a 1% flat tax on the turnover of informal-sector businesses under a new presump...
Ethio Telecom has signed a new agreement with Ericsson to expand and modernize its telecom netwo...
Nigerian Breweries begins pilot barley cultivation to cut imports Ethiopia leads Africa barley output; Morocco, Algeria major producers Nigeria aims...
This week, Africa is facing a mixed health situation. Namibia has declared an end to its mpox outbreak, while Madagascar is reporting rising case counts....
Ethio Telecomis exploring financing support from Italy’s development bank Cassa Depositi e Prestiti (CDP) for digital infrastructure projects. The...
Portuguese glass-packaging group BA Glass seeks approval to acquire a 41.28% controlling stake in Tunisia’s Sotuver. The transaction values the block...
Actress Wunmi Mosakuand director Kaouther Ben Haniarepresent Africa among contenders at the 2026 Oscars. Mosaku received a nomination for Best...
With much of Africa’s cultural heritage still held outside the continent and restitutions in Europe moving slowly, a South African video game imagines...