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December
24, 2000 - 97th. Issue - |
Maroc
Telecom Stake Sold to French-Canadian GroupVivendi Rescues
Morocco’s State Budget
The French-Canadian media group Vivendi saved Morocco’s State budget. The Moroccan government relied heavily on the sale of Maroc Telecom’s (MT) stake for its 2001 budget and officials became increasingly worried and nervous when all bidders but Vivendi withdrew from the race.
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From
German Dairy Cows and Minnesota Wheat:Food Products Unfit for Consumption Find Their Way Into Algeria - Authorities Strike Back
The liberalization of foreign trade has led to a booming import market and food accounts for a substantial share of Algeria’s import bill. During the month of Ramadan, a month characterized by an unusual surge of food consumption, private sector importers often seek the best ways to maximize their profit in an extremely short period of time, and in many cases, regardless of public health concerns and the law.
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Morocco
– Labor Affairs Worsening Labor Relations in Morocco?
Foreign investors in Morocco are worried about the waves of labor protests. Increased labor unrest is making existing foreign investors wonder if they should hold a little longer or just move somewhere else. Potential foreign investors we interviewed say they are not in a hurry to move into Morocco today and are waiting positive signals before they commit resources.
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Negotiating
Free Trade EU-Algeria Reach Agreements on Business but Disagree on Politics and Human Affairs
Reliable sources say Algeria and the EU have already agreed on the terms of partnership in the areas of trade and the economy but there are major disagreements over issues related to the free movement of people and terrorism.
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Auto
Market in TunisiaTunisia to Liberalize Auto Market– Tax Reductions to Boost Auto Import
The price of new cars in Tunisia is expected to decrease, possibly as early as January 2001. This would help the market expand beyond the popular 4 cylinder cars and the used auto by making the price of more powerful cars more attractive and affordable.
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Moroccan
Oil & GasVanco and Lasmo signed offshore exploration permits agreements with Morocco’s ONAREP
Vanco Energy Company of Houston and Lasmo plc of London have deepened their commitment to find oil and gas offshore in Morocco by signing on Friday 27th of November 2000 in Rabat, exploration permits with the national oil company ONAREP.
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Philip
Morris in Algeria Marlboro Man to Employ 10,000 Workers
Investors from the United Arab Emirates will introduce in Algeria brands owned by the American tobacco giant Philip Morris. The Algerian cigarette company SNTA and representatives of Philip Morris are expected to sign an agreement paving the way for investments to be made by the Americans and their UAE investors.
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