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
The Central Bank of Nigeria issued 82 final currency exchanges offices licences after revoking more than 4,000 non-compliant ones in 2024. The...
Egypt’s NBE secures $100M EBRD loan to boost MSME financing Funds target youth- and women-led businesses to support private sector growth EBRD...
ASA-CI proposes mandatory supplementary pensions for private-sector workers in Côte d’Ivoire Life-insurance penetration remains low at 0.6% of GDP in...
Rwanda introduced eKash to enable instant, mobile-accessible, and interoperable transactions across banks, mobile money, SACCOs, and...
Most Read
01

Camtel to launch Blue Money in 2026, entering Cameroon’s crowded mobile money market led by MTN Mo...

Cameroon: State Owned Telecommunication Company To Enter Mobile Money Market
02

Eritrea faces some of the Horn of Africa’s deepest infrastructure and climate-resilience gaps, lim...

AfDB Re-engages Eritrea With Strategy Focused on Infrastructure, Climate Resilience and Regional Integration
03

Huaxin's $100M Balaka plant localizes clinker production, saving Malawi $50M yearly in f...

Malawi: New $100M Cement Plant Targets Forex Crisis but Faces Energy Reality
04

Nigeria seeks Boeing-Cranfield partnership to build national aircraft MRO centre Project aims t...

Nigeria Pursues Boeing, Cranfield Partnership to Establish Aircraft Maintenance Center
05

Omer-Decugis & Cie acquired 100% of Côte d’Ivoire–based Vergers du Bandama. Vergers du Band...

Omer-Decugis & Cie Expands Mango Operations in West Africa
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.