NARCO CLOSEHOLD: Icarus in Algeria

For months Algerian institutions, both public and private, had been talking up the African Investment Forum. The event was going to showcase Algeria’s potential as an investment destination and its commitment to south-south development and cooperation. It was endorsed by President Abdelaziz Bouteflika, was supported by the Ministries of Foreign Affairs, Industry, Commerce, and Energy, and was sponsored by the powerful Forum de Chefs d’Entreprise (FCE). North Africa Risk Consulting was told that it was going to harken back to the good old days of the 1970s when Algiers was a Third World pole, when it feted leaders from far and wide. Algeria was rediscovering itself and the event was going to broadcast to Africa north and south of the Sahara that it was back.

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