Following post-pandemic recovery and a global rebound in hydrocarbon prices, many commodity-oriented African countries are seizing the opportunity to transform existing infrastructure and transition away from dependence on Europe for their trading relationships. One such country is Algeria. The largest economy in the Maghreb and fourth-largest in Africa, Algeria is set to host the next Arab League Summit in March 2022. The nation is taking the lead in regional affairs, seeking peaceful resolutions to current tensions.
Alongside Algeria’s diplomatic efforts, with it assuming a more proactive role in the development of intra-African trade through the AfCFTA, its economy has the potential to push forward much-needed industrial diversification and leverage its infrastructure capabilities, which will be strategic for regional resilience.
Read the full article on International Banker.
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