Archive for February 2011

Tunisia:AfDB President Commits to Support Tunisia’s Transition   Leave a comment

The African Development Bank (AfDB) has expressed its willingness to support Tunisia’s interim government in key economic areas to enable a smooth transition and long-term stability of the country.

Addressing the media on Monday, 14 February 2011 in Tunis, AfDB President, Donald Kaberuka, said that Tunisia would require every support it can get from its partners including the Bank in the course of its transition. These include immediate fiscal and social challenges, as well as structural issues at the heart of some of the country’s problems such as youth unemployment, and regional inequalities.

“Tunisia remains a key partner, the second client of the Bank. We have various commitments to the country at this time totaling 1.4 billion dollars of which about 80% is already disbursed, including a total of nearly 250 million dollars to the private sector,” Mr. Kaberuka said.

The AfDB President addressed the media after a meeting with Tunisia’s interim Prime Minister, Mohamed Ghannouchi, earlier in the day, where they discussed Bank support in key areas such as unemployment, equipping disfavored regions, investment in infrastructure, supporting good governance, and supporting the government with recovery of illicit wealth.

He expressed the Bank’s gratitude to the Tunisian authorities and people for their hospitality in the last eight years as well as for the support provided the Bank received during the revolution.

Source: afdb.org

 

Posted February 26, 2011 by newworldconsulting in Uncategorized

EU’s contribution to projects in Morocco amounted to 1.8 billion dirhams in 2010, European diplomat says   Leave a comment

25/02/2011: Casablanca – The EU’s contribution to the large-scale projects in Morocco, that have benefited the Moroccan citizens, amounted to 1.8 billion dirhams in 2010, said Thursday in Casablanca head of the EU’s delegation in Rabat, Ambassador Eneko Landaburu.

Landaburu said that this support has benefited the major reforms in Morocco in many fields, adding that many crucial projects have been launched as part of bilateral cooperation, including solidarity-based agriculture, the opening up of the rural areas and the fight against illetracy, pollution and poverty.

A new 2-billion dirham cooperation programme for the period of 2011-2013 was inked in July 2010, he reacalled, underlining that Morocco remains among the neighbouring countries which have benefited much from financial support.

He also highlighted that bilateral cooperation is positive noting that the two parties made great progress in terms of political dialogue and consultations.

The UE deems that Morocco’s autonomy plan “remains a crucial proposition that should be taken into consideration,” he said.

Landaburu added that an UN-sponsored political agreement between all concerned parties is the solution to settle the Sahara conflict.

Source: map.ma

 

Posted February 26, 2011 by newworldconsulting in Uncategorized

Algeria in ‘good position to achieve huge economic potentials’   Leave a comment

23/02/2011 :Algeria is on track to achieve its huge economic potentials, but faces the challenge of diversifying its economy, says the World Bank in the document with the new cooperation scheme 2011-2014. ‘

Algeria is now well positioned to achieve its considerable economic potentials, and take a strategic role in the region and contribute to economic integration between North Africa, Europe and sub-Saharan Africa,’ it said in the presentation of the Country Partnership Strategy (CPS), endorsed last Friday in Washington by its board of directors. ‘Algeria’s GDP per capita (4,400 U.S. dollars in 2010) is one of the highest in the countries of the MENA, minus the Gulf Cooperation Council (GCC),’she says. However, observes the Bretton Woods institution, and like other oil producing countries, ‘Algeria faces the challenge of diversifying its economy, in terms of non-oil exports in particular.

Source: marweb.com

 

Posted February 26, 2011 by newworldconsulting in Uncategorized

Morocco forecasts 4.6% economic growth in 2011, HCP   Leave a comment

Casablanca – Morocco’s economic growth is likely to grow 4.6% in 2011, the Head of the High Planning Commission, Mohamed Lahlimi, said on Wednesday.

Lahlimi, who was presenting the 2011 forecasts, said that these forecasts took consideration the provisions of the 2011 finance bill notably the 21.4% increase in public administration investments and a 7% wage bill rise in addition to financial measures taken to boost small and medium enterprises.

Cereal production is seen at 70 million quintals during the 2010-2011 crop year following considerable rainfall, he said.

Non-farm growth, which posted a decrease in 2010 due to the financial crisis, will increase notably in the services sector amid a recovery of global economy.

In this respect, Lahlimi said external demand is expected to jump 6% in 2011. Morocco’s budget deficit is forecasted to shrink from 4.2% in 2010 to 3.6% in 2011, while foreign exchange deficit is seen to rise to 3.6% of GDP in 2011 from 2.7% in 2010, Lahlimi said.

Source: map.ma

 

Posted February 9, 2011 by newworldconsulting in Uncategorized

Renewable Energy: Algeria will invest 60 billion dollars by 2030   Leave a comment

9/02/2011 : Algeria will invest about 60 billion dollars by 2030 to expand production of renewable energy, announced Tuesday the CEO of Algerian public Sonelgaz, Noureddine Boutarfa.

This amount, which could even reach 70 billion dollars, will be devoted solely to the production of 12,000 MW of solar electricity for the domestic market, said Boutarfa, quoted by APS.

Sonelgaz Algerian public electricity and gas group was charged with the implementation of this program and is already planning to reach 650 MW of electricity from alternative energy in 2015.

It also has to bring this production to 2,700 MW by 2020 and 12,000 MW in 2030, said the leader of Sonelgaz.

A subsidiary of Sonelgaz, the Company’s engineering and Gas (CEEG), has chosen the German Centrotherm group specializing in the photovoltaic industry, to build a solar panel plant in Algeria for nearly 300 million euros.

The plant, the first of its kind in Africa by Sonelgaz will be located in Rouiba, a suburb east of Algiers.

Source: ennaharonline.com

 

Posted February 9, 2011 by newworldconsulting in Uncategorized

Algeria-Turkey: Giving fresh impetus to economic cooperation   Leave a comment

8/02/2011 : Minister of Post and Information and Communication Technologies Moussa Benhamadi on Tuesday stressed the importance of enhancing economic cooperation with turkey, according to a ministry’s statement.

Benhamadi, who met with Turkey’s Ambassador Ahmet Necati Bigali, said his department was ready to give a fresh impetus to that cooperation, through joint ventures and partnerships involving public and private operators.Biagli, for his part, underlined the need to further boost economic relations between Algeria and Turkey, which are bound by a treaty of friendship and cooperation since 2006, the communiqué added.

Source : marweb.com

 

Posted February 9, 2011 by newworldconsulting in Uncategorized

Tunisia:Identifying new partnership opportunities with Great Britain   Leave a comment

TUNIS, Feb. 8, 2011 (TAP) – British Foreign Secretary William Hague expressed his country’s readiness to co-operate with Tunisia and back it up in this transitory period, at the bilateral level and as part of the European Union (EU).

He also stressed the will of the authorities to encourage the British private sector to identify new partnership and investment opportunities in Tunisia.

The British official was speaking as he met on Tuesday with Minister of Planning and International Co-operation Mohamed Nouri Jouini, as part of his working visit to Tunisia.

The two sides reviewed the priorities of the caretaker government in the coming period, particularly preparations for the upcoming elections in a democratic, multi-party and transparent climate.

At the social level, emphasis was placed on measures to be taken to improve the social situation and living conditions, mainly in inland areas.

Regarding the economic aspect, Messrs. Jouini and Hague noted the efforts to be made to preserve jobs and create internal and external investment opportunities, particularly with major partners of Tunisia like Great Britain.

Source : tap.info.tn

 

Posted February 9, 2011 by newworldconsulting in Uncategorized

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