Finance

Algeria: Tizi-Ouzou to retrieve unused industrial land, legally

Tuesday, 03 January 2017 08:14

Mohammed Bouderbali, the wali of the Kabyle wilaya, announced that proceedings would be initiated since only 27% of investment projects in the Tizi-Ouzou activity zones are effectively online.

The proceedings, which aim to retrieve the unused areas, are a stepping stone towards sanitizing industrial lands in the region. “Out of 593 projects planned across 16 zones of activity of the wilaya, and whose developers received land plots, only 159 are effective. To tackle this situation which slows investment  at the local level, the wilaya has initiated lawsuits to retrieve the lands awarded or sold, over the past twenty years ago, to investors that  did not hold their part of the deal,” the Wali said on local radio.

He further said the wilaya which the second most important of the Kabyle after Bejaia, received more than 900 requests for investment.

Souha Touré

On the same topic
Plan includes recovery commission, audits and possible asset seizures Move aims to strengthen governance and support industrial...
IFC considers $100m loan to Ghana International Bank Funds to support trade finance, disbursed in two tranches Deal targets Africa’s...
Gabon private sector credit rises 10.5%, dominates bank lending Government borrowing drops sharply; deposits fall, liquidity pressures...
IFC to approve €95m loan for OCP phosphogypsum facility Project supports 22m-ton storage at Jorf Lasfar complex Financing aids...
Most Read
01

EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...

EBID Charts Green Shift to Finance West Africa’s Growth
02

M-PESA evolves into major financial platform with 35 million users Telecoms, fintechs expan...

In Africa, Banks Face a New Rival: Telecom Operators
03

Algeria launches bid for two NGSO satellite telecom licenses Move aims to expand broadband ac...

Algeria Opens Satellite Market to Competition, Inviting Global Operators
04

Coca-Cola unit trains 260+ SMEs in Namibia business skills Program targets women, youth, disabled...

Over 260 Namibian SME Owners Trained as Sector Faces Mounting Losses
05

Driven by above-average growth and rapidly expanding demographics, Francophone Africa is emerging as...

Francophone Africa: A Rising Economic Giant With Weak Internal Trade
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.