IBOV 172,758.89 ▼ 0.35% IPSA 10,877.68 ▼ 0.18% IPC MEX 66,125.27 ▼ 0.74% MERVAL 3,281,489 ▲ 1.79% COLCAP 2,309.56 ▲ 0.49% BVL PERÚ 56,620.35 — — USD/BRL5.08▼ 0.25% USD/MXN17.39▼ 0.21% USD/CLP931.37▼ 0.33% USD/COP3,233▼ 1.08% USD/PEN3.40▲ 0.14% USD/ARS1,478▼ 0.24% USD/UYU40.11▲ 1.23% USD/PYG6,045▲ 1.76% USD/BOB10.80▲ 2.69% USD/DOP58.02▲ 0.31% USD/CRC446.12▲ 1.15% USD/GTQ7.62▲ 2.33% USD/HNL26.74▲ 1.61% USD/NIO36.62▲ 0.84% USD/VES735.39▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.79▲ 0.73% USD/TTD6.73▲ 1.11% EUR/BRL5.79▼ 1.08% BRENT 91.33 ▲ 2.36% WTI 84.42 ▲ 1.43% IRON ORE 161.91 — — COPPER 6.53 ▲ 3.70% GOLD 4,082 ▲ 1.79% SILVER 59.42 ▲ 4.61% SOY 1,218 ▼ 0.65% CORN 472.00 ▲ 5.01% WHEAT 669.50 ▼ 0.67% COFFEE 326.00 ▼ 2.51% SUGAR 14.82 — 0.00% ORANGE JUICE 147.60 ▲ 0.14% COTTON 79.51 ▲ 2.77% COCOA 5,553 ▲ 0.60% BEEF 222.20 ▼ 1.91% CATTLE 343.40 ▼ 2.44% LITHIUM 69.22 ▲ 3.44% PETR4 41.42 ▲ 0.66% VALE3 71.95 ▲ 0.03% ITUB4 42.29 ▼ 0.02% BBDC4 18.45 ▲ 0.22% ABEV3 15.82 ▲ 0.19% BBAS3 20.34 ▲ 0.84% B3SA3 14.99 ▼ 1.77% WEGE3 42.69 ▼ 1.02% PRIO3 58.57 ▲ 1.53% SUZB3 41.82 ▼ 0.17% RENT3 36.78 ▼ 1.89% AZZA3 17.65 ▼ 2.86% CSAN3 3.74 ▼ 2.09% RAIZ4 0.27 — 0.00% PCAR3 2.71 ▲ 4.23% GMAT3 3.82 ▼ 0.78% PSSA3 53.23 ▼ 1.79% CVCB3 1.13 ▲ 4.63% POSI3 3.76 ▲ 1.62% SLCE3 13.67 ▲ 0.74% NATU3 8.67 ▲ 0.46% BRKM5 5.94 — 0.00% RANI3 7.86 ▼ 1.63% CSNA3 5.09 ▲ 0.39% CMIN3 5.45 ▲ 1.11% USIM5 8.29 ▲ 1.59% GGBR4 23.56 ▼ 0.25% ENEV3 25.24 ▼ 1.60% CPFE3 46.17 ▼ 0.32% CMIG4 10.99 ▼ 0.27% EQTL3 38.52 ▼ 1.96% LREN3 13.16 ▼ 1.13% VIVT3 35.48 ▼ 0.53% RAIL3 13.35 ▼ 1.62% KLABIN 17.41 ▼ 0.40% RAIA DROGASIL 18.42 ▼ 1.44% RDOR3 33.55 ▼ 5.36% HAPV3 11.24 ▼ 2.68% FLRY3 16.34 ▼ 1.33% SMTO3 15.30 ▼ 0.71% UGPA3 31.39 ▼ 0.98% VBBR3 33.35 ▼ 2.23% BBSE3 41.07 ▲ 0.05% BPAC11 55.44 ▼ 0.72% CURY3 29.65 ▼ 1.79% AERI3 2.04 ▼ 1.45% VIVARA 21.47 ▼ 2.23% COMPASS 24.41 ▼ 0.77% VAMOS 3.12 ▲ 0.97% SANB11 27.37 ▲ 1.33% ASAI3 8.17 ▲ 0.37% SBSP3 28.35 ▼ 2.17% WALMEX 49.29 ▼ 0.18% GMEXICO 203.84 ▲ 1.50% FEMSA 226.65 ▼ 0.14% CEMEX 22.00 ▲ 0.55% GFNORTE 182.26 ▲ 1.26% BIMBO 59.28 ▼ 0.37% TELEVISA 9.80 ▲ 0.93% AMX 22.68 ▼ 0.26% GAP 376.57 ▼ 0.43% ASUR 271.67 ▼ 0.98% OMA 224.74 ▼ 0.75% KOF 180.34 ▼ 0.26% GRUMA 288.02 ▲ 0.15% KIMBER 38.04 ▼ 0.91% SQM-B 63,900 ▲ 1.23% COPEC 6,360 ▲ 2.58% BSANTANDER 78.55 ▲ 3.23% FALABELLA 5,873 ▼ 0.04% ENELAM 84.49 ▲ 0.45% CENCOSUD 2,005 ▲ 0.51% CMPC 1,085 ▲ 1.78% BANCO CHILE 189.37 ▲ 1.54% LATAM AIR 24.50 ▲ 0.37% YPF 80,500 ▲ 1.64% GGAL 7,975 ▲ 1.66% PAMPA 5,480 ▲ 3.98% TXAR 668.00 ▼ 0.37% ALUAR 970.00 ▲ 1.09% TGS 9,620 ▲ 1.26% CEPU 2,336 ▲ 2.05% MIRGOR 16,700 ▼ 2.48% COME 43.20 ▲ 0.58% LOMA NEGRA 3,635 ▲ 1.75% BYMA 293.25 ▼ 0.17% TELECOM ARG 4,228 ▲ 1.99% ECOPETROL 16.44 ▲ 2.56% BANCOLOMBIA 81.98 ▲ 1.44% GRUPO AVAL 5.00 ▲ 0.91% CREDICORP 393.11 ▲ 1.62% SOUTHERN COPPER 183.66 ▲ 4.91% BUENAVENTURA 30.83 ▲ 2.56% MERCADOLIBRE 1,808 ▼ 1.35% NUBANK 14.13 ▲ 1.00% XP 16.58 ▼ 1.31% PAGSEGURO 9.32 ▲ 0.27% STONE 11.01 ▼ 0.99% GLOBANT 32.27 ▼ 0.08% TECNOGLASS 45.63 ▼ 1.04% GAP AIRPORT 217.24 ▲ 0.06% ASUR 271.67 ▼ 0.98% OMA AIRPORT 103.34 ▼ 0.64% AMX ADR 26.05 ▼ 0.19% FEMSA ADR 130.20 ▲ 0.14% CEMEX ADR 12.66 ▲ 1.32% PETROBRAS ADR 18.35 ▲ 0.85% VALE ADR 14.16 ▲ 0.39% ITAU ADR 8.33 ▲ 0.12% SANTANDER BR 5.42 ▲ 0.93% AMBEV ADR 3.10 ▲ 0.49% CSN 1.02 ▲ 0.50% GERDAU 4.67 ▼ 0.22% LATAM ADR 52.58 ▲ 1.61% BTC 66,545 ▲ 2.02% ETH 1,925 ▲ 1.12% SOL 77.88 ▲ 0.11% XRP 1.15 ▲ 3.00% BNB 574.70 ▲ 0.70% ADA 0.18 ▲ 3.19% DOGE 0.07 ▲ 1.37% AVAX 6.59 ▲ 0.21% LINK 8.65 ▲ 0.83% DOT 0.85 ▲ 3.13% LTC 47.73 ▲ 0.83% BCH 224.56 ▲ 2.12% TRX 0.33 ▲ 0.54% XLM 0.19 ▲ 2.24% HBAR 0.07 ▲ 2.81% NEAR 1.96 ▼ 0.94% ATOM 1.49 ▼ 0.14% AAVE 94.84 ▲ 5.64% SELIC 14.25% EMBRAER 82.67 ▼ 0.74% EMBRAER ADR 65.08 ▼ 1.30% JBS 11.80 ▼ 1.91% JBS BDR 59.91 ▼ 1.45% MBRF3 15.01 ▲ 3.37% MBRFY 2.94 ▲ 1.03% INTER 5.55 ▼ 1.25% EGX 53,990 ▲ 1.63% USD/ZAR16.45▼ 0.49% USD/NGN1,376▼ 0.27% NIKKEI 66,232 ▲ 3.26% CSI300 4,739 ▲ 3.06% HSI 25,132 ▼ 0.04% NIFTY 24,188 ▼ 0.21% KOSPI 6,748 ▲ 3.56% JCI 6,340 ▲ 1.74% USD/JPY162.96▲ 0.29% USD/CNY6.76▼ 0.17% DAX 24,971 ▲ 0.50% CAC 8,348 ▲ 0.10% FTSE 10,566 ▲ 0.40% MIB 52,231 ▲ 0.71% IBEX 19,359 ▲ 0.79% STOXX 642.39 ▲ 0.44% EUR/USD1.14▼ 0.02% GBP/USD1.34▼ 0.52% SPX 7,505 ▲ 0.83% DJI 52,191 ▲ 0.68% NDX 29,133 ▲ 1.85% RUT 2,970 ▲ 0.95% TSX 35,242 ▲ 0.80% VIX 17.23 ▼ 7.61% USD/CAD1.41▲ 0.18% US10Y 4.6220 ▲ 0.52% IBOV 172,758.89 ▼ 0.35% IPSA 10,877.68 ▼ 0.18% IPC MEX 66,125.27 ▼ 0.74% MERVAL 3,281,489 ▲ 1.79% COLCAP 2,309.56 ▲ 0.49% BVL PERÚ 56,620.35 — — USD/BRL 5.08 ▼ 0.30% USD/MXN 17.39 ▼ 0.22% USD/CLP 931.68 ▼ 0.30% USD/COP 3,233 ▼ 1.10% USD/PEN 3.39 ▲ 0.12% USD/ARS 1,478 ▼ 0.24% USD/UYU 40.11 ▲ 1.23% USD/PYG 6,045 ▲ 1.76% USD/BOB 10.80 ▲ 2.69% USD/DOP 58.02 ▲ 0.31% USD/CRC 446.12 ▲ 1.15% USD/GTQ 7.62 ▲ 2.33% USD/HNL 26.74 ▲ 1.61% USD/NIO 36.62 ▲ 0.84% USD/VES 735.39 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.79 ▲ 0.73% USD/TTD 6.73 ▲ 1.11% EUR/BRL 5.79 ▼ 1.08% BRENT 91.33 ▲ 2.36% WTI 84.42 ▲ 1.43% IRON ORE 161.91 — — COPPER 6.53 ▲ 3.70% GOLD 4,082 ▲ 1.79% SILVER 59.42 ▲ 4.61% SOY 1,218 ▼ 0.65% CORN 472.00 ▲ 5.01% WHEAT 669.50 ▼ 0.67% COFFEE 326.00 ▼ 2.51% SUGAR 14.82 — 0.00% ORANGE JUICE 147.60 ▲ 0.14% COTTON 79.51 ▲ 2.77% COCOA 5,553 ▲ 0.60% BEEF 222.20 ▼ 1.91% CATTLE 343.40 ▼ 2.44% LITHIUM 69.22 ▲ 3.44% PETR4 41.42 ▲ 0.66% VALE3 71.95 ▲ 0.03% ITUB4 42.29 ▼ 0.02% BBDC4 18.45 ▲ 0.22% ABEV3 15.82 ▲ 0.19% BBAS3 20.34 ▲ 0.84% B3SA3 14.99 ▼ 1.77% WEGE3 42.69 ▼ 1.02% PRIO3 58.57 ▲ 1.53% SUZB3 41.82 ▼ 0.17% RENT3 36.78 ▼ 1.89% AZZA3 17.65 ▼ 2.86% CSAN3 3.74 ▼ 2.09% RAIZ4 0.27 — 0.00% PCAR3 2.71 ▲ 4.23% GMAT3 3.82 ▼ 0.78% PSSA3 53.23 ▼ 1.79% CVCB3 1.13 ▲ 4.63% POSI3 3.76 ▲ 1.62% SLCE3 13.67 ▲ 0.74% NATU3 8.67 ▲ 0.46% BRKM5 5.94 — 0.00% RANI3 7.86 ▼ 1.63% CSNA3 5.09 ▲ 0.39% CMIN3 5.45 ▲ 1.11% USIM5 8.29 ▲ 1.59% GGBR4 23.56 ▼ 0.25% ENEV3 25.24 ▼ 1.60% CPFE3 46.17 ▼ 0.32% CMIG4 10.99 ▼ 0.27% EQTL3 38.52 ▼ 1.96% LREN3 13.16 ▼ 1.13% VIVT3 35.48 ▼ 0.53% RAIL3 13.35 ▼ 1.62% KLABIN 17.41 ▼ 0.40% RAIA DROGASIL 18.42 ▼ 1.44% RDOR3 33.55 ▼ 5.36% HAPV3 11.24 ▼ 2.68% FLRY3 16.34 ▼ 1.33% SMTO3 15.30 ▼ 0.71% UGPA3 31.39 ▼ 0.98% VBBR3 33.35 ▼ 2.23% BBSE3 41.07 ▲ 0.05% BPAC11 55.44 ▼ 0.72% CURY3 29.65 ▼ 1.79% AERI3 2.04 ▼ 1.45% VIVARA 21.47 ▼ 2.23% COMPASS 24.41 ▼ 0.77% VAMOS 3.12 ▲ 0.97% SANB11 27.37 ▲ 1.33% ASAI3 8.17 ▲ 0.37% SBSP3 28.35 ▼ 2.17% WALMEX 49.29 ▼ 0.18% GMEXICO 203.84 ▲ 1.50% FEMSA 226.65 ▼ 0.14% CEMEX 22.00 ▲ 0.55% GFNORTE 182.26 ▲ 1.26% BIMBO 59.28 ▼ 0.37% TELEVISA 9.80 ▲ 0.93% AMX 22.68 ▼ 0.26% GAP 376.57 ▼ 0.43% ASUR 271.67 ▼ 0.98% OMA 224.74 ▼ 0.75% KOF 180.34 ▼ 0.26% GRUMA 288.02 ▲ 0.15% KIMBER 38.04 ▼ 0.91% SQM-B 63,900 ▲ 1.23% COPEC 6,360 ▲ 2.58% BSANTANDER 78.55 ▲ 3.23% FALABELLA 5,873 ▼ 0.04% ENELAM 84.49 ▲ 0.45% CENCOSUD 2,005 ▲ 0.51% CMPC 1,085 ▲ 1.78% BANCO CHILE 189.37 ▲ 1.54% LATAM AIR 24.50 ▲ 0.37% YPF 80,500 ▲ 1.64% GGAL 7,975 ▲ 1.66% PAMPA 5,480 ▲ 3.98% TXAR 668.00 ▼ 0.37% ALUAR 970.00 ▲ 1.09% TGS 9,620 ▲ 1.26% CEPU 2,336 ▲ 2.05% MIRGOR 16,700 ▼ 2.48% COME 43.20 ▲ 0.58% LOMA NEGRA 3,635 ▲ 1.75% BYMA 293.25 ▼ 0.17% TELECOM ARG 4,228 ▲ 1.99% ECOPETROL 16.44 ▲ 2.56% BANCOLOMBIA 81.98 ▲ 1.44% GRUPO AVAL 5.00 ▲ 0.91% CREDICORP 393.11 ▲ 1.62% SOUTHERN COPPER 183.66 ▲ 4.91% BUENAVENTURA 30.83 ▲ 2.56% MERCADOLIBRE 1,808 ▼ 1.35% NUBANK 14.13 ▲ 1.00% XP 16.58 ▼ 1.31% PAGSEGURO 9.32 ▲ 0.27% STONE 11.01 ▼ 0.99% GLOBANT 32.27 ▼ 0.08% TECNOGLASS 45.63 ▼ 1.04% GAP AIRPORT 217.24 ▲ 0.06% ASUR 271.67 ▼ 0.98% OMA AIRPORT 103.34 ▼ 0.64% AMX ADR 26.05 ▼ 0.19% FEMSA ADR 130.20 ▲ 0.14% CEMEX ADR 12.66 ▲ 1.32% PETROBRAS ADR 18.35 ▲ 0.85% VALE ADR 14.16 ▲ 0.39% ITAU ADR 8.33 ▲ 0.12% SANTANDER BR 5.42 ▲ 0.93% AMBEV ADR 3.10 ▲ 0.49% CSN 1.02 ▲ 0.50% GERDAU 4.67 ▼ 0.22% LATAM ADR 52.58 ▲ 1.61% BTC 66,545 ▲ 2.02% ETH 1,925 ▲ 1.12% SOL 77.88 ▲ 0.11% XRP 1.15 ▲ 3.00% BNB 574.70 ▲ 0.70% ADA 0.18 ▲ 3.19% DOGE 0.07 ▲ 1.37% AVAX 6.59 ▲ 0.21% LINK 8.65 ▲ 0.83% DOT 0.85 ▲ 3.13% LTC 47.73 ▲ 0.83% BCH 224.56 ▲ 2.12% TRX 0.33 ▲ 0.54% XLM 0.19 ▲ 2.24% HBAR 0.07 ▲ 2.81% NEAR 1.96 ▼ 0.94% ATOM 1.49 ▼ 0.14% AAVE 94.84 ▲ 5.64% SELIC 14.25% EMBRAER 82.67 ▼ 0.74% EMBRAER ADR 65.08 ▼ 1.30% JBS 11.80 ▼ 1.91% JBS BDR 59.91 ▼ 1.45% MBRF3 15.01 ▲ 3.37% MBRFY 2.94 ▲ 1.03% INTER 5.55 ▼ 1.25% EGX 53,990 ▲ 1.63% USD/ZAR 16.45 ▼ 0.29% USD/NGN 1,376 ▲ 0.02% NIKKEI 66,232 ▲ 3.26% CSI300 4,739 ▲ 3.06% HSI 25,132 ▼ 0.04% NIFTY 24,188 ▼ 0.21% KOSPI 6,748 ▲ 3.56% JCI 6,340 ▲ 1.74% USD/JPY 162.96 ▲ 0.31% USD/CNY 6.7557 ▼ 0.03% DAX 24,971 ▲ 0.50% CAC 8,348 ▲ 0.10% FTSE 10,566 ▲ 0.40% MIB 52,231 ▲ 0.71% IBEX 19,359 ▲ 0.79% STOXX 642.39 ▲ 0.44% EUR/USD 1.1413 ▼ 0.01% GBP/USD 1.3379 ▼ 0.35% SPX 7,505 ▲ 0.83% DJI 52,191 ▲ 0.68% NDX 29,133 ▲ 1.85% RUT 2,970 ▲ 0.95% TSX 35,242 ▲ 0.80% VIX 17.23 ▼ 7.61% USD/CAD 1.4095 ▲ 0.12% US10Y 4.6220 ▲ 0.52%
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Africa Northern Africa

Algeria’s Presidential Election: Key Facts for September 7, 2024

By · September 6, 2024 · 2 min read

Africa Intelligence

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The 2024 Algerian presidential election, set for September 7, marks a critical juncture for Africa’s largest country and a key energy supplier to Europe.

Incumbent President Abdelmadjid Tebboune, 78, is widely favored to win a second term against two challengers in a vote that will shape Algeria’s political and economic trajectory.

Candidates and Political Landscape

Three main candidates are vying for the presidency:

1. Abdelmadjid Tebboune (Independent): The incumbent president enjoys strong backing from a coalition of major parties.

This coalition includes the National Liberation Front (FLN), National Democratic Rally (RND), Future Front, and El Binaa Movement. This coalition holds 243 seats in the National People’s Assembly.

Algeria's Presidential Election: Key Facts for September 7, 2024
Algeria’s Presidential Election: Key Facts for September 7, 2024. (Photo Internet reproduction)
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2. Youcef Aouchiche (Socialist Forces Front, FFS): Representing the democratic and progressive movement, Aouchiche aims to revitalize political participation. This marks the FFS’s second presidential bid since 1999.

3. Abdelaali Hassani Cherif (Movement of Society for Peace, MSP): The main Islamist candidate, though the Islamist field remains divided.

Campaign and Promises

The election campaign, which began on August 15, has been notably calmer than the tumultuous 2019 election that saw a 62% abstention rate.

Candidates have focused on public rallies to present their programs, with no televised debates held.

  • Tebboune promises economic reforms aimed at increasing GDP to $400 billion, job creation, and reducing inflation.
  • Aouchiche advocates for increasing the minimum wage, introducing a basic income for vulnerable groups, and reforming towards a semi-presidential system.
  • Hassani Cherif emphasizes economic growth and constitutional reform.

Context and Challenges

The election takes place against a backdrop of complex economic and political challenges:

Economic Pressures: Despite being a major oil and gas exporter, Algeria faces high youth unemployment and inflation.

The country’s GDP stood at $239.9 billion in 2023, with expectations to become Africa’s third-largest economy in 2024.

Political Reform: The election is the first under the 2020 constitutional reforms, adopted following the Hirak protest movement that ousted long-time leader Abdelaziz Bouteflika.

Human Rights Concerns: Human rights organizations have noted a “steady erosion of human rights” under Tebboune’s first term, including disbandment of political parties and arbitrary arrests.

Electoral System and Participation

Approximately 24.5 million Algerians are eligible to vote, including 300,000 first-time voters and 900,000 overseas voters.

The Independent Electoral Authority (ANIE), established after Bouteflika’s ouster in 2019, supervises the election. Voter turnout will be a crucial indicator of the election’s success and citizens’ engagement.

The 2019 election saw a historic low turnout of 39.9%, with one in eight casting invalid ballots as a form of protest.

International Implications

As a major energy supplier to Europe and a key player in North African politics, the outcome of Algeria’s election will have regional and international implications.

The country’s stance on issues such as Western Sahara, relations with neighboring Morocco, and energy partnerships with European countries will be closely watched.

In conclusion, while President Tebboune is expected to secure a second term, the election raises questions about Algeria‘s political future and economic reforms.

It also highlights the balance between continuity and change in a nation striving to address long-standing challenges while maintaining stability.

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