Archive for November, 2012
As announced on the same site, the motorcycle market in Algeria is hosting Harley-Davidson introduced through Sarl PROX4 which recognizes five years in the activity of two wheels.
Inauguration of the legendary showroom American brand took place this Saturday at Blida.Situated on highway and imposing its design which has no equal as standard HD, the site is spread over three levels, with 1600 RN2 divided into an exhibition space of 600m2, 250m2 workshop, storage space of 750m2 and 600m2 ample parking
“II will provide its customers with a wide range of motorcycles of different styles, custom design center and excellent after-sales service,” says one Harley-Davidson Algiers name of the concession whose catalog offers five different ranges, namely the Sportster, the Dynha the Softail, V-Road and Touring. should be noted that the store has a space dedicated exclusively to members HOG (Harley Owners Group).
Theoretically Algeria needs to reduce its reliance on a cash economy.
In its usual style, the Algerian government has just repealed a new rule before it even it became effective. The rule in itself was a good move, it required any payments above 50,000 DZD to be paid by cheque. Algerian economic activity is hugely dependent on cash. People pay for a car or a house with real notes. Imagine bags full of cash, literally! So people should be encouraged to ditch the cash in favour of alternatives. While the powers in charge were right in thinking that should happen, the decision was premature, which led to its cancellation in the end. Reducing our dependence on cash can bring many benefits:
1. Allow banks to build reserves for investment
2. Provide safety over funds
3. Reduce money laundering
4. Bring income from informal economic activity into the mainstream
So why don’t we do it? The primary reason for our dependence on cash, I believe, is the lack of trust in the financial system. That’s why on the day of “virement” (wage pay in), everyone rushes to withdraw their hard earned Dinars. After the long queues, the insults, the fights, and the heat, you get to a condescending agent who informs you that you have no funds, or that they don’t have the monies to pay you. Recent bank collapses like Khalifa and BCIA are not encouraging either.
Cheques have been very unsuccessful. Many issue cheques without funds, which bounce back, leaving the beneficiary in a delicate situation. Many have resorted to just not accepting cheques. Now, I understand why my auntie laughed every time I asked why she did not pay for her groceries with a cheque. I was young and naive!
According to the Tunisian Minister of Agriculture, date exports at the end of July 2012 reached the record amount of 87.600 tons for a total value of 302 millions of DT (equal to 148 millions of euros) while exports in 2011 had been of 73.400 tons, for a value of 255 millions of DT (about 125 millions of euros).
According to the statistics of the Minister, the 2011-12 dates picking has reached 191.000 tons, 135.000 of which are first quality dates of the “Deglet EnNour” kind, the most appreciated variety on foreign markets.
The production of olive oil will reach or even exceed 45.000 tons in Algeria, according to the assessments of the Technical Institute of Fruit and Vine Agriculture (ITAFV) which also took in consideration an increase of the harvest of table olives.
“The 2012-13 olive campaign will be much better than the previous one since we expect at least an olive oil production of 45.000 tons” says the director of ITAFV, Mahmoud Mendil.
Olive oil production has decreased of 41% since the 2011-2012 campaign, reaching 39.558 tons against a record harvest of 66.981 tons in 2010/11.
In Algeria, olive cultivation is still subject to the “alternation phenomenon” since a good harvest is often followed by a worse one the next year, mostly because of the vast cropped area and the archaic cultivation techniques, according to Mendil.
Considering a total production of 390 millions of kilos, the amount of table olives represents 140 millions of kilos, according to the statistics of the Minister of Agriculture.
Francophone African and Maghreban countries will shortly be able to watch a new TV channel, “Bloomberg-Afrique” that will beam its programs in French from the city of Casablanca.