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End
of recess - Week ended September 3, 2001 - 112th.
Issue
 FDI
in the Maghreb
Foreign Direct Investment
Trend in the Maghreb:
Weak FDI in Algeria,
Concerned Investors in Morocco
Since 1990, Algeria took
in a mere 0.2% of annual investments coming from Europe.
In contrast, Egypt, Morocco and Tunisia held double digit
shares of European investments. This fact is evidence
of lack of interest from European investors in the Algerian
destination.
In neighboring Morocco,
initiatives aiming at boosting FDI have been implemented
and officials consider them a success. However, emphasis
was put more on privatization as a source of FDI rather
than actual industrial investments. Meanwhile, investors
have been raising concerns over the business climate in
Morocco.
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Business,
Industry,
and Economic Analysis
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Morocco
- Economy
CMC's Bullish
Predictions
The Moroccan Economic
Research Center (CMC) is predicting 6.2% real GDP
growth for 2002, an urban unemployment rate dropping
below 20%, and inflation of 2.5%. The Center forecasts
7.6% growth for the full year 2001...
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Algeria
- Social security
CNES on the
Algerian welfare system and agriculture
The social and economic
policy of successive governments is to blame for
deficiencies in the social security system, according
to the Economic and Social Council (CNES) ...
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Morocco
- Investing
Analyst recommendation:
Wafabank, Managem
Upline Securities
says it recommends the purchase of Wafabank shares
in both the short and the long-term. Upline also
reaffirms its
short and long-term buy recommendation for Managem
shares.
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Algeria
- Airlines
AOM-Air Liberte
And Khalifa Airways Are Discussing Paris-Algiers
Air Link
The French foreign
ministry says it does not oppose a plan by the French
airline AOM-Air Liberte to offer a Paris-Algiers
link in November 2001...
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Tunisia
- Politics
Tunisia's Political
Troubles
The possible change
in the constitution sought by the Tunisian regime
that would allow president Ben Ali to run for a fourth
consecutive term is leading to increased political
tension.
On one side there is
the regime that seeks to impose another term for a
president that was legally supposed to leave office.
On the other side, there are political opposition,
activists and human rights groups that are being harrased
by authorities for being vocal against the regime's
overall stance against oppositions.
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Algeria
- Politics
Inquiry
into Kabylie riots blames gendarmes, rules
out foreign plot as explanation
The independent inquiry
into the Kabylie riots ordered by President Abdelaziz
Bouteflika has identified the gendarmerie as the main
cause of the violence, but has failed to name any
individuals at fault.
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The North Africa Journal - All Rights Reserved - 1997-2001
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