Saipem and CHEC Land Algeria’s Big Phosphate Contracts
Algeria phosphate project signs EPC contracts with Saipem, worth about €500m, and China Harbour Engineering, targeting fertiliser output from 2027.
August 26, 2026Africa’s capital markets are deepening fast – from the Johannesburg, Nairobi and Lagos exchanges to a fintech boom banking hundreds of millions of people for the first time. The Rio Times follows the currencies (the rand, naira, cedi and shilling), the banks and IPOs, sovereign debt and the foreign capital arriving on increasingly local terms. We cover it through the same investor lens we bring to Latin America, where the emerging-market playbook is strikingly similar. This hub gathers our Africa markets and investment coverage.
Algeria phosphate project signs EPC contracts with Saipem, worth about €500m, and China Harbour Engineering, targeting fertiliser output from 2027.
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