With $48bn in African trade deals, Algeria wants to be Africa’s new investment hub
Algeria is positioning itself as a key driver of Africa’s economic integration after securing a record $48.3 billion worth of trade and investment deals at the recent Intra-African Trade Fair.
Officials say the country now intends to turn those contracts into concrete projects, hoping to cement its role as a regional investment hub.
On Wednesday, Omar Rakash, director of the Algerian Investment Promotion Agency, met with investors who had signed agreements with African partners. The discussions focused on fast-tracking the transformation of contracts into on-the-ground projects across sectors such as energy, renewable fuels, food industries, and steel. Algeria alone accounted for more than $11 billion in signed deals, including $5 billion dedicated specifically to investment contracts.
Rakash stressed that Algeria’s objective goes beyond trade volumes. He said the government is determined to use these deals to deepen South-South cooperation and support balanced development across the continent. “These contracts must translate into real projects that contribute to Africa’s growth and integration,” he noted.
To facilitate this, the Investment Promotion Agency has launched a digital platform where investors can present projects, track progress, and access resources to meet regulatory requirements. Officials believe this will help bridge the gap between promises made at the trade fair and actual implementation on the ground.
This story is written and edited by the Global South World team, you can contact us here.
