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Algeria passes budget encouraging foreign investment

Algeria’s interim president Abdelkader Bensalah signed a 2020 budget that includes public spending cuts but allows foreign investors to have majority stakes in projects involving the non-energy sector, the presidency said.

The budget also includes a government plan to seek foreign loans next year in a bid to cope with financial pressure after a fall in vital energy revenues.

Read more from source article: https://www.thenational.ae/business/economy/algeria-passes-budget-encouraging-foreign-investment-1.950128

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Nichole Manhire

Is the media and brand manager at GFA News. She works very closely with editors and podcasters that contribute to telling the African business success story. For marketing and advertising send Nichole an email: nichole@getfundedafrica.com

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