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AQS to start hot test at Algerian Bellara steel rod line soon
March 21, 2019

London — A 500,000 mt/year wire rod rolling mill will start its hot test at the Algerian Qatari Steel's (AQS) works in Bellara, Jijel province, 300 km (186 miles) east of Algiers, at the end of March, an executive at Danieli which is supplying rolling mills for the works, told S&P Global Platts on Wednesday.

The plant will have three rolling mills (one wire rod line and two rebar lines) in operation by the end of this year, allowing Algeria to become a totally self-sufficient producer of rebar and rods.

AQS started production at rebar rolling mill No. 3 (8-16 millimeters) in May 2018 and its rebar rolling mill No. 1 (16-40 mm) in October 2017. Each of the rebar rolling mills has a capacity of 750,000 mt a year. The wire rod line will produce 5.5-12 mm diameter rod

At present the facility is importing billet, but once its two melt shops are in in operation the company will produce its own and also install a direct-reduced iron plant with capacity of 2.5 million mt/year. The first melt shop is ready to operate and the second one will be ready mid-year,"...

March 21, 2019

ALGIERS/LONDON (Reuters) - Talks between Exxon Mobil and Algeria to develop a natural gas field in the North African country have stalled because of unrest, industry sources said, the first economic fallout from the almost month-long anti-government protests.


March 20, 2019

ALGIERS- An exhibition of Algerian products will be organized in Nigeria “during the second half of 2019,” in order to allow the Algerian operators to forge partnerships with their Nigerian counterparts, a trade ministry official announced Monday in Algiers.


March 21, 2019

Marriott International announced the opening of Four Points by Sheraton Setif in Algeria, in partnership with Prombati SPA owned by Mr. Rachid Khenfri. With 191 rooms the hotel is conveniently situated in the centre of the city, providing easy access to Setif’s new tram line and Setif International Airport just 20 minutes’ drive away.


March 21, 2019

The Founder Institute, an idea-stage accelerator and startup launch program has launched a new chapter in Lagos, Nigeria targeting to work with 20 tech startups in the country annually.

To celebrate the launch, the Lagos Founder Institute will host a series of free startup events for the general public. During these events, attendees will learn how to build a company and learn more about the program.


March 21, 2019

The Chief Executive Officer of Productivity South Africa (Productivity SA), Mr Mothunye Mothiba has reported that the Workplace Challenge Programme (WCP) has to date assisted 1 000 companies and successfully led to the retention of more than 50 000 jobs since its inception in 1998.

He also explained that the Workplace Challenge Programme was established specifically as a countermeasure to the old culture"...

March 21, 2019

The Italian Government has signed an agreement for an additional €1 million contribution to the African Develpment Bank (AfDB) Multi-Partner Somalia Infrastructure Fund.

Established by the Bank in October 2016, the Fund is one of the financing windows under the Somalia Development and Reconstruction Facility of the New Deal Compact for Somalia.


March 21, 2019

Chinese electronics manufacturer Hisense has invested R72 million, approximately $5 million, into its refrigeration and television production lines at its Atlantis factory in the Western Cape South Africa.

Trade and Industry Minister Rob Davies has welcomed the investment saying that the injection into the plant is proof that South Africa remains an attractive investment destination across all sectors,"...

March 21, 2019

FTI Consulting has announced the continued growth of its South African practice with the addition of a team of eight experts from Econex, a leading trade, competition and applied economics consultancy firm.

The team will be led in Cape Town by Professor Nicola Theron, a Senior Managing Director who previously served as Econex’s Managing Director.