Algeria remains the most lucrative yet the most challenging economies for the international Businesses. With the most recent announcement of Public spending initiative, the government of Algeria has decided to target the non-hydrocarbon sectors. Public contracts in Algeria have acknowledged imperative growth for long-term business prospects like the US and Europe. While the government is enthusiastic about the bringing in more foreign investments, opportunities are been diversified to other sectors apart from the mainstream.

The country being overly dependent on hydrocarbons exports, Government tenders in Algeria has been largely driven by other sectors like construction, pharmaceuticals, real estate and tourism. Financial institutions like UNDP, Eu, AFDB are constantly inviting tenders in Algeria to boost the economic growth. For instance, European union has recently called for ICB tender invitation in Algeria for procurement of technical assistance into local development. Moreover, the state government is also been actively driving procurement as per the need of the sector. State Ministry tenders in Algeria are prominent among agriculture, defence, education, vocational training etc sectors.

Algeria’s bright sectoral prospects offer immense business opportunities for international players. It has been seen that over the last few years large scale public contracts in Algeria has been awarded to foreign contractors.  The foreign companies established in Algeria has increased from 3 % i.e, from 810 into 1,008 in 2013. Moreover, regular deployment of Global Tenders from Algeria published by the authority on the portals are proving imperative to bring in investments.

Apart from investments government is also focusing on creating a suitable infrastructure to drive growth.  The government in its mission has planned 90 million$ investments into major infrastructure projects in Algeria.  The government plans to create 4 additional refineries in Algeria, financial measures are being taken in order to implement the projects. Moreover, the ministry of Energy has initiated 400mw of solar energy project in Algeria to be completed by 2018. Over the years private players are also being encouraged to participate in government projects in Algeria. For instance,  GICA, a Chinese equipment manufacturer has recently inked a project agreement to build a cement plant in Zahana by  2018.  Ministry of Energy and Mines has come up with a potential initiative of construction of a petrochemical plant

with an annual capacity of three million tonnes in Algeria by 2018. Looking at Algeria’s investment partners, the country has been thoughtful about going beyond the US and Europe. The government has also encouraged participation from emerging economies like Asia. according to the experienced shared by the companies that venture the market through government, tenders have reported double-digit growth in the market.

Algeria is the epitome of high reward economy, that can be flooded with potential foreign investments nearly in every sector. The government has been taking sustained and constant measures to make it a competitive economy in the coming years.

Uganda is situated in the eastern region of the continent of Africa with a total area of 241,038 sq km, surrounded by Democratic Republic of Congo, Kenya, Rwanda, Sudan and Tanzania.

Agriculture is the most important sector of the economy, employing over 80% of the work force. The principal cash crops are coffee, tea, cotton, tobacco, cut flowers, and sugarcane. It generates good export revenue through export of coffee, tea and other products. Uganda has substantial natural resources, including fertile soils, regular rainfall, and sizeable mineral deposits of copper and cobalt. The country has largely untapped reserves of both crude oil and natural gas. Large amount of poultry, cattle, goats and sheep are also raised. There is a prominent fishing industry and much hardwood (especially mahogany) is cut.

The Government of Uganda has used the stock market as an avenue for privatization. Uganda has great potential and is expected to boost its economy in the coming years. Expand your business reach in Uganda through online tenders with Africagateway.

Algeria

The backbone of the Algerian economy is its energy sector which contributes to around 50% to the GDP and over 95% of its exports. The region is 14th largest in the world for Oil production and has always been known for the fertility of its soil. The agriculture sector contributed to around 8.3% to the GDP and employs around 13.4% of the labor force. An area of more than 30,000 sq km is used to produce cereal grains.
Algeria is the largest oat market in Africa. The other crops cultivated are cotton, tobacco and dwarf palm.

Oil & Gas

Oil and gas Tenders is of critical importance to the African economy. In fact, it is estimated that 57% of Africa’s export earnings are derived from hydrocarbons. Within the continent, North and West Africa is host to the most renowned producers; some of the countries in those regions are also among the most dependent on oil and gas revenues in the world. In recent years, East Africa has also emerged as an exciting prospect for international oil companies.

Telecommunication sector

Africa has been the fastest-growing mobile market in the world during the past five years which in turn presents great opportunities in the telecom sector.
Since the processes of liberalization and privatization have been taken into consideration by African countries such as Uganda, Tanzania, Nigeria, the Sudan, South Africa and Kenya, their telecommunication infrastructures have improved drastically. Many African governments have developed their telecommunication infrastructure by privatizing their former state-owned enterprises.

As a result, the telecom sector in Africa has opened up new vistas of business opportunities.