BMCE Bnak of Africa in shangai

Algeria braces for another car industry fiasco

Algeria wants to develop a car industry but it wants it fast and without meeting the pre-requisite: a competitive industrial cluster or ecosystem of local part suppliers. In 2019, after his election, Algerian President Tebboune had criticized car industry professionals in his country accusing them of practicing “disguised imports” due to the very low sourcing […]

Nigeria secures financial requirements for Niger rail link

Nigeria said it had secured 1.3 billion dollars needed to build a rail connection with neighboring Niger, a landlocked country. The news was announced by Nigeria’s transport minister Ahmed Alkali who said the China Civil Engineering Construction Company (CCECC) would provide 85 percent of the money while the Nigerian government would provide 15 percent. The […]

Congressman Joe Wilson labels again Polisario as terrorist organization destabilizing regional peace & security

U.S. Congressman Joe Wilson has denounced again the Algeria-backed Polisario armed militia as a “terrorist organization” posing serious threats to regional peace and stability. The influential republican politician made the remarks Tuesday in New York following his talks with Moroccan Foreign minister Nasser Bourita on the sidelines of the ongoing 80th UN General Assembly. In […]