Sonatrach and Baker Hughes, a GE Company, created a joint venture, 51% Sonatrach and 49% Baker Hughes, to produce oil and gas equipment in Algeria. The 20,000 m2 industrial complex in Oran carries a joint investment of $45 million and is expected to be operational in December 2019.

AfricInvest sold its 40% stake in Algerian cardboard packaging maker Général Emballage to UK private equity funds and DEG, and buyers also bought 9% from the Batouche family. The total 49% stake was valued at USD 55 million.