the Trans-Sahara developement project. #Algeria has allocated 300 billion DZD (2.6 Billion USD) in this massive economic project that connects Algeria and Tunisia to the rest of Africa. project aimed at Economic growth, Jobs. However this project also faces risks mostly security
Algeria has condemned strongly the events in Mali yesterday describing it as a attempted coup d'etat. its not good for a regime change in countries where a massive investment project is present. Does not exactly grow confidence and Algeria wants to protect its investments
Investments that were made regionally both short and long term. Many projects were started/resumed after years of stalling from the previous administration in order to solidify Algeria position as a "regional power" in North Africa and the Sahel region.
Among the many Economic new projects or ones that have restarted @KassamanTimes
published an article detailing these projects, expected time and cost. tweets below with some examples
El Hamdania port (5-6 billion) will be a port linking the Trans-Sahara highway delivering goods from West Africa to the rest of the world. Project was halted in 2015 by the former administration and restarted in February 28, 2021.
The Port will be able to process 25 million tonnes of goods per year. China has shown strong interest in working in this project with shared mutual interest. both Algerian and Chinese companies will be working on this giving priority to Algerian companies
Along with ports being constructed. President Abdelmajid Tebboune decided to revitalize several Mining projects that were stopped by former administration/s. the Tebessa Phosphate Mine and the Ghar Djebilet mine. Both mines are estimated to have 2 billion tones
of Iron and Phosphate mines making Algeria one of the biggest producer of both Phosphate and Iron
Lastly, a Solar plant in order to diversify Algeria energy production. a country that relied solely on Gas and Oil. the government has stepped up in making sure energy and revenue diversification are happening for a future and a long term investment
The coup in Mali isn't just some random military coups that occur in West Africa every 2 years or so. It has far greater issues and concerns for the whole region of Sahel.
1. For months protestors in Mali filled the streets calling for Ibrahim Keita , the Malian president to step down due to corruption, failing economy and a rapid deterioration of the Security in the North of the country
2. Like every African countries, Corruption and Economy are always a issue for these protestors, but the biggest implications to this coup is the Security aspect, as many of you know, Mali and several countries in the region are facing a major terrorism threat.