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    A petrol station worker fuels a car along Kimathi street on July 14 2019,after the Energy and Petroleum Regulatory Authority (EPRA) announced new retail pump prices of petroleum products effective from July 15 to August 14, 2019.price of super petrol increase by Sh0.29 per litre while diesel and kerosene decreased by Sh0.88 and SH2.31 per litre respectively.PHOTO|SILA KIPLAGAT

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    BoG Governor confident inflation has peaked; expects rate to start declining

    ActionAid Ghana Appoints John Nkaw as Country Director

    BoG’s inflation targeting framework can’t reduce rise in inflation – IEA

    Monetary Policy Rate must be increased to 19% to check inflation – IEA

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    Nigeria begins processes to join Ghana-Côte d’Ivoire Cocoa Initiative

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    Banks will continue to innovate to meet customers’ expectations – FBNBank’s MD

    6th CEO’s Summit pushes for ease of doing business law to boost economic growth

    Policy rate likely to be increased to tame inflation – Databank CEO

    Banking Consultant bemoans continuous charging of unfair fees by banks

    Chamber of IPPs disappointed over ECG’s tariff increase request

    A comprehensive storage strategy will deal with post – harvest losses & inflation – CSIR

    A petrol station worker fuels a car along Kimathi street on July 14 2019,after the Energy and Petroleum Regulatory Authority (EPRA) announced new retail pump prices of petroleum products effective from July 15 to August 14, 2019.price of super petrol increase by Sh0.29 per litre while diesel and kerosene decreased by Sh0.88 and SH2.31 per litre respectively.PHOTO|SILA KIPLAGAT

    NPA allays fears of fuel scarcity in the country

    Fuel prices to rise marginally in second pricing window of May – IES

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    Ho Node Hub rebrands as Node Eight

    Elon Musk strikes deal to buy Twitter for $44bn

    Block chain’s success will depend on supportive policy environment – Prof. Quaynor

    1.5% E-Levy rate will negatively impact GH¢6.9 billion target – Prof. Quartey

    Transactions to be affected by E-levy

    Bethniel Finance emerges winner in Innovation Challenge Program

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    Greater, more diverse participation in global trade is key to achieving Africa’s economic transformation – World Bank

    Seth Terkper advises against e-levy; urges government to run to IMF

    AfCFTA members conclude negotiations on rules of origin to enhance free trade

    Implement strategies to sustain increased consumer preference for digital payments – Bawumia

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Algeria: Revised Investment Bill to Help Algeria Attract More FDI, Says IMF

bycitibusinessnews
October 21, 2016
in Africa, North Africa, Top Stories
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The revision of Investment Bill will help Algeria to attract an important flow of Foreign Direct Investment, forecast the International Monetary Fund (IMF).

In its report on the prospects of growth for the region of Middle-East, North Africa, Afghanistan and Pakistan (Moanap), the Fund said that the countries like Algeria, Saudi Arabia or Qatar which have modernized their Investment and Labour Bills are set to attract more FDIs.

Like the oil countries, Algeria is expected to experience FDI jump after a slowdown in recent years due to administrative streamlining and better quality of institutions that would attract more foreign investments, notes the Fund.

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The IMF said that those actions have been taken by some oil producing countries to diversify their economy and develop their private sector, stressing that reducing independence on revenue from raw materials takes time.

Moreover, the IMF expects that the slowdown in Algeria’s overall growth in 2016 will be offset by an increase in natural gas production.

But at average term, minus-oil growth will remain below the traditional standards.

According to the figures given by the Fund, Algeria’s real GDP is set to increase by 3.6% in 2016 and 2.9% in 2017.

Inflation rate should stand at 5.9% in 2016 and decrease to 4.8%, according to the IMF forecasts.

–

Credit: All Africa

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