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Business Finance

Algeria: State-Owned IMETAL Takes over ArcelorMittal’s Shares in Three Companies

North Africa Post

Algerian public company IMETAL specialized in metal work and steel industry took control on Sunday of shares of Indian giant ArcelorMittal in ArcelorMittal Algérie (AMA,) ArcelorMittal Pipes and Tubes Algeria (AMPTA) and ArcelorMittal Tebessa (AMT,) reports say. The deal has been in the pipeline since October last year. The Indian giant controlled 49 per cent […]
Africa Emerging Markets International

Malawi declares drought disaster

North Africa Post

Malawi declared drought disaster amid a severe rainfall shortage that compromised the landlocked country’s agriculture-dependent economy. Malawi is the second country in the region after Zambia to declare drought emergency as climate change bites, triggering dry spells such as El Nino, blamed for ravaging crops. This year, rainfall has been erratic and insufficient as drought […]
Algeria Community Europe Headlines International

Geneva: NGO slams Algeria’s arbitrary deportation of Sub-Saharan Migrants

North Africa Post

NGO PDES, French acronym for ‘Promotion of Economic and Social Development’, criticized, in Geneva, the arbitrary deportation of sub-Saharan migrants by the Algerian authorities in defiance of international human rights standards. Speaking at the 54th session of the Human Rights Council, the NGO, which has consultative status with the United Nations Economic and Social Council […]