Africanian
  • Home
  • News
  • News 24/7
  • Business
  • Sports
  • World
    • US
    • Russia
    • Europe
    • Asia
    • America
  • Events
No Result
View All Result
Africanian
  • Home
  • News
  • News 24/7
  • Business
  • Sports
  • World
    • US
    • Russia
    • Europe
    • Asia
    • America
  • Events
No Result
View All Result
Africanian
Home News

Algeria moves toward a non-oil economy

The African country relied on oil for over 90% of its revenue for decades. Today, it aims to establish a broader, more dynamic, and sustainable economic model.

Algeria moves toward a non-oil economy
Share on FacebookShare on TwitterShare via Whatsapp

The port of Algiers wakes up to a different scene than it did a decade ago: ships loaded with fertilizers, steel, and dates have partly replaced the usual traffic of crude oil and gas. This shift symbolizes Algeria’s economic turnaround — a country that, for years, relied on hydrocarbons for over 90% of its export revenue and is now working to establish a broader, more dynamic, and sustainable production model.

Since 2017, non-oil and gas exports have tripled, reaching $5.1 billion in 2023. While they still account for just 2% of GDP, sectors such as steel, cement, and agribusiness are gaining ground. This progress is driven by structural reforms, improved port logistics, and an increasing openness to international trade.

Intel Launches Second Edition of Intel Community Reach Program to Bridge Africa’s Digital Divide and Foster AI Innovation

A key element in this transformation has been the digitalization of trade processes. The implementation of the Algerian Port Community System (APCS) has connected exporters, shipping lines, and customs authorities through a single digital platform, significantly reducing clearance times and improving maritime trade efficiency. These technical innovations, along with legislative efforts like the 2022 Investment Law, are opening the country to foreign capital and enhancing its appeal as an industrial hub.

Diversification is also taking root in the countryside. The agricultural sector has shown notable momentum with the export of fresh products, the use of by-products like sheep hides for the leather industry, and the development of value chains such as cork and precision mechanics. Improvements in quality and certification, led by agencies like ALGERAC, have enabled Algerian products to begin meeting international standards, easing access to more demanding markets.

However, the path to a more diverse economy is not without challenges. Productivity, bureaucracy, and environmental demands — such as the European Union’s new carbon regulations — require constant adaptation. To sustain its growth, Algeria must strengthen its industrial capacity, expand its markets, and continue investing in future-facing sectors like renewable energy and information technology. The country is still in the early stages of its transformation, but the change is already visible in every container leaving its shores: less oil, more future.

RelatedPosts

Pope Leo XIV Receives Warm Welcome in Equatorial Guinea on Historic Visit

Pope Leo XIV Receives Warm Welcome in Equatorial Guinea on Historic Visit

April 21, 2026
African Mining Week to Spotlight Artisanal Mining as Key Driver of Africa’s $8.5 Trillion Mineral Future

African Mining Week to Spotlight Artisanal Mining as Key Driver of Africa’s $8.5 Trillion Mineral Future

April 15, 2026
Seminar on Standardization and Certifications Highlights Push for Global Competitiveness

Seminar on Standardization and Certifications Highlights Push for Global Competitiveness

April 15, 2026
Equatorial Guinea Advances Bid to Become West Africa’s Gas Hub

Equatorial Guinea Advances Bid to Become West Africa’s Gas Hub

April 8, 2026
Dreams Hub and The Chamber of Commerce Outline Strategy to Elevate Enterprises Nationwide

Dreams Hub and The Chamber of Commerce Outline Strategy to Elevate Enterprises Nationwide

April 7, 2026
DR Congo Launches Digital Portal to Modernise Higher Education

DR Congo Launches Digital Portal to Modernise Higher Education

April 7, 2026
Algeria Cultivates Desert Truffles Year-Round in Sahara Shift

Algeria Cultivates Desert Truffles Year-Round in Sahara Shift

April 6, 2026
DR Congo Secures $80M Boost for First Census in Four Decades

DR Congo Secures $80M Boost for First Census in Four Decades

April 4, 2026
Canon Opens Applications for 26th Female Photojournalist Grant

Canon Opens Applications for 26th Female Photojournalist Grant

April 3, 2026
Africanian News Is a dedicated project aimed at amplifying the voices of the African Ecosystem and Diaspora. We actively collaborate with initiatives to improve access to education and digital inclusion, both in traditional schools and through digital platforms, for African children.

It’s crucial to emphasize that none of the articles or images featured on our platform are intended for copyright infringement, neither now nor in the future.
If you believe that any information, text, image, etc., may be subject to copyright and should be removed, please notify us by sending an email to: [email protected]

News Categories

  • Agriculture (4)
  • America (39)
  • Asia (131)
  • Business (1,255)
  • Culture (232)
  • Destinations (211)
  • Education (6)
  • Energy / Oil & Gas / Renewables (1)
  • Europe (155)
  • Finance / Economy (1)
  • Food and Drink (14)
  • Guides & Tips (20)
  • Health (637)
  • Hotels (5)
  • Meetings and Tech (370)
  • News (2,583)
  • Opinion Piece (12)
  • Russia (73)
  • Science (62)
  • Sports (318)
  • Style (4)
  • Travel (145)
  • US (107)
  • World (425)
  • World / Religion (1)

Your dreams matter; your stories matter.

Feel free to explore collaboration opportunities with us. Share your articles, thoughts, interviews, experiments, or no-comment videos by reaching out to [email protected].

You can also subscribe to our mailing list to receive the latest updates from Africanian News.

Newsletter

© 2025 Africanian News.

Log In

Sign In

Forgot password?

Don't have an account? Register

Forgot password?

Enter your account data and we will send you a link to reset your password.

Back to Login

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Accept

Add to Collection

  • Public collection title

  • Private collection title

No Collections

Here you'll find all collections you've created before.

No Result
View All Result
  • Home
  • News
  • Business
  • Sports
  • Meetings and Tech
  • World

© 2025 Africanian News.