“Algeria, South Africa’s Accession to AfCFTA, a Strategic Leap Towards Strengthened Bilateral Cooperation,” Says Moula 

BY: Dr. Hana Saada

Algiers, Algeria | December 5th, 2024 — Algeria and South Africa’s formal accession to the Guided Trade Initiative of the African Continental Free Trade Area (AfCFTA) marks a defining moment in their bilateral relations and economic strategies. This pivotal move, hailed as a gateway to enhanced trade and investment, underscores the commitment of both nations to the vision of a unified, economically resilient Africa.

In a keynote address during the Algeria-South Africa Economic Forum, held in Algiers and co-chaired by Algeria’s Minister of Foreign Trade and Export Promotion, Mohamed Boukhari, and South Africa’s Minister of Trade, Industry, and Competition, Parks Tau, Kamel Moula, President of the Algerian Economic Renewal Council (CREA), emphasized the transformative potential of this partnership. “Our shared participation in the AfCFTA presents an invaluable opportunity to elevate trade exchanges, improve their quality, and align them with the aspirations of our people,” Moula stated, reaffirming Algeria’s strategic commitment to deeper African economic integration.

A Unified Vision for Regional and Continental Economic Integration

The expansion of regional markets through AfCFTA, described by Moula as a “critical milestone,” is set to empower producers and consumers while fostering robust economic ties across the continent. The CREA president underscored the indispensability of collective African collaboration in stimulating economies, enhancing competitiveness, and creating innovative investment opportunities. “By forging strong linkages among African enterprises, we can amplify our regional presence and assert our competitiveness on the global stage,” he affirmed.

Moula also highlighted the readiness of Algerian enterprises to collaborate extensively with their South African counterparts, signaling a new era of cross-border partnerships that promise mutual economic growth.

Economic Reforms and Investment Opportunities in Algeria

Algeria’s comprehensive economic reforms were spotlighted as a cornerstone for its readiness to embrace expanded trade and investment opportunities. The implementation of a progressive investment law and the prioritization of digitization have been instrumental in creating a more investor-friendly environment. The results are evident: the Algerian Investment Promotion Agency (AAPI) has facilitated the registration of over 10,500 investment projects, signifying a robust surge in entrepreneurial activity.

Moula underscored Algeria’s economic diversification efforts, complementing its natural and geographical advantages. He stressed the elimination of barriers hindering enterprise and investor operations, signaling Algeria’s openness to international collaboration. “Our economic reforms are unlocking Algeria’s potential, positioning it as a dynamic player in the continental and global economy,” he said.

The Path Forward: Collaborative Success

As the forum progressed, both Algerian and South African economic operators expressed confidence in the potential of their engagements to yield fruitful outcomes. Moula declared his optimism that bilateral meetings would culminate in the establishment of sustainable trade and economic partnerships. “Our shared strengths and aspirations create fertile ground for transformative cooperation,” he noted.

The accession of Algeria and South Africa to AfCFTA is more than an economic milestone; it is a testament to their shared vision of an integrated, prosperous Africa. Through this partnership, the two nations are not only fortifying their bilateral ties but also contributing to the realization of a vibrant, interconnected continental market that stands poised to reshape Africa’s economic future.

About Dzair Tube Media Group

Dzair Tube has firmly positioned itself as a leading force in Algerian digital journalism, delivering a rich and diverse array of content. Available in Arabic, French, and English, Dzair Tube captivates a broad audience, drawing over half a million daily clicks.

The platform’s excellence was notably recognized with the prestigious President of the Republic’s Award for Professional Journalist in the Electronic Press category on October 22, 2022. This accolade underscores Dzair Tube’s steadfast commitment to the highest journalistic standards.

Dzair Tube’s substantial online footprint includes 350,000 YouTube subscribers, over six million followers across various Facebook pages, and 450,000 Instagram followers. The digital channel serves as a nexus for a wide range of programming, spanning news, sports, entertainment, culture, and religion, catering to a diverse audience.

Boasting cutting-edge studios and advanced technology, Dzair Tube’s digital channel has attracted a significant viewership with its varied programs. It facilitates interactive discussions with key figures from various sectors, promoting public discourse and engagement. Beyond news, Dzair Tube excels in producing marketing documentaries, short TV commercials, and high-viewership shows.

The print edition of Dzair Tube’s sports newspaper, “Dzair Sport,” further attests to the platform’s influence, with over 50,000 daily downloads from the official Dzair Tube website.

Awarded the Media Leadership Award by the Minister of Communication, Mohamed Laâgab, Dzair Tube continues to shape the Algerian digital media landscape, maintaining its position of influence and impact. Additionally, Dzair Tube’s prominence in Algeria’s media scene was celebrated at the ninth edition of the “Hilals of the Television” competition, solidifying its status as a media leader.

Stay Connected with Dzair Tube