12 Hrs
Source:
النهار أونلاين
Algeria Becomes Africa's Third Economy
The article focused on Algeria's economic achievements in 2026, where President Abdelmadjid Tebboune announced that Algeria has become the third-largest economy in Africa. He mentioned a reduction in the import bill from $62 billion to approximately $40-42 billion, especially after the startup of the Hassi Messaoud refinery to achieve full self-sufficiency in diesel by 2027. Additionally, the country now produces 84% of its medicines domestically, up from 10%. He affirmed that Algeria is shifting from a controlled economy to a free economy that supports national initiatives. He also highlighted that the country has not imported any gasoline since 2023, reflecting the progress of domestic production and economic development. Moreover, he praised the strengthening of Algeria's position in Africa and the government's encouragement of national investments, emphasizing that the country is preparing for further economic growth in the future.
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