May 24, 2024/Cordros Report Recent data from the National Bureau of Statistics (NBS) revealed that the domestic economy sustained its positive growth momentum in Q1-24, as the real GDP grew by 2.98% y/y (Q4-23: +3.46% y/y). The growth outturn is 10bps higher than Cordros’ estimate (+2.88% y/y) and 51bps lower […]
Updates
Sonatrach-ExxonMobil Gas Deal to Open New Play in the Ahnet-Gourara Basin
The deal signifies a pivotal step in Algeria’s hydrocarbon development, marking a strategic partnership aimed at tapping into the nation’s gas reserves May 24, 2024/AEC Algeria’s state oil company Sonatrach and energy major ExxonMobil have signed a deal to develop two major gas fields in southern Algeria’s Ahnet and Gourara […]
Mastercard Accelerates Commitment to Digital Transformation in Africa
New alliance aims to enable digital access for 100 million individuals and businesses in Africa over next decade May 24, 2024/Mastercard Mastercard and the African Development Bank Group today launched the Mobilizing Access to the Digital Economy (MADE) Alliance: Africa to extend digital access to critical services to 100 million […]
