Algeria has launched the latest wave of its extensive privatization program while the country’s unions have threatened to try to hold back the rising tide of sell-offs. On September 1, the industry and investment promotion ministry launched the initial call for tenders for 13 state-owned enterprises. In a statement accompanying the call, the ministry said at least 50% of the capital of each of the companies being put on the block would be on offer to private bidders. This round of privatizations mainly focuses on the state divesting itself of manufacturing firms, with white goods producer Enien; Electro-Industries, which makes electric motors; and battery producer Enpec all being put up for sale. Also listed for privatization are road construction companies EVSM and Sonatro; chemical manufacturers Enasel, Alphyt and Aldar; and Alfel, Alfet and Alfon, all operating in the metals sector. To date, the state has sold off well over half
