North Africa - Business News

Arab Petroleum Investments Corporation (APICORP), the multilateral development bank of the Organisation of Arab Petroleum Exporting Countries (OAPEC) in which Libya has a 15% stake, Tuesday announced the sale of its 12.5% stake in the Bahrain National Gas Company (BANAGAS) to Kuwait-based Boubyan Petrochemical Company, K.S.C. (Boubyan). The divestment was recently approved by APICORP’s Board of Directors.

The Moroccan Fund for Tourism Development (FMDT). Investment premiums will be implemented taking into account the level of risk perceived by investors for each type of product and for each destination.

To strengthen its commitment in supporting the implementation of Vision 2020, the banking sector is willing to mobilize a budget of 24 billion DH.

Aside from commercial banks responsible for financing the sector, funds for national investments were created to support the dynamic development of tourist projects. Some of them are Actif Invest, Madaef, H Partners, capital T and Saham Hotels.

Over the last decade, the aerospace industry in Tunisia has experienced a tremendous expansion. This is telling about the undeniable competitiveness facilitated by several assets. Actually the sector is offering more than 4,500 employment positions by 55 totally exporting companies and an exports worth 170 million Tunisian dinars, with forecasts of about 550 million Tunisian dinars by the year 2016.

Several leading groups have chosen Tunisia to expand their business in the aerospace and air-
craft industries.

Algeria invited bids from operators for the country's first third generation (3G) mobile telephone license. The 3G license is valid for commercial operation in the first quarter of next year, according to the terms of the tender outlined by state telecoms regulator.

Wataniya Telecom Algerie, the Algerian subsidiary of Qatar National Mobile Telecommunications Co QTEL, will bid for the 3G license , said last month it will bid for the 3G license. The other players in Algeria's mobile phone sector are Mobilis, a unit of state-owned Algeria Telecom, and the local unit of Egypt's Orascom Telecom.

Author: Abderrahmen Hamrouni - ECOVIS KDH Partners Tunisia

Stand: Sonntag, 06.11.11

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