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Promoting financing via private equity

May 23th 2024

The Algerian Investment Promotion Agency organized, on Thursday May 23rd, 2024, in partnership with the Organization and Supervision of Stock Exchange Operations (COSOB), an Information Day on the “Financing promotion via private equity”.

The purpose of this meeting was to present private equity as an alternative financing mechanism for bank loans and to promote its development in Algeria, given the number and importance of investment projects registered at the Algerian Investment Promotion Agency.

In his opening speech for the Information Day, the Director General of the Agency, Mr. REKKACHE, stressed the importance of financing in the success of any investment promotion policy, as facilitating access to financing was a top priority for the public authorities.

In this context, he pointed out that this Information Day will allow to inform the officials of the private equity companies about the potential demands for their services, through providing them with data related to the holders of micro and medium-sized projects by the Algerian investment promotion agency’s services.

For his part, the President of the COSOB, Mr.BOUZENADA, stressed the efficiency of these alternative financing means, in particular financing via private equity, to offer the necessary financing to companies and projects that may face difficulties in obtaining financing via traditional channels such as bank financing.

This information day was attended by:

  • The Director General of the Algerian Investment Promotion Agency, Mr. Omar REKKACHE,
  • The President of the Organization and Supervision of Stock Exchange Operations, Mr. Youcef BOUZENADA,
  • The President of the Algerian Economic Renewal Council, Mr. Kamel MOULA,
  • The President of the Confederation of Algerian industrialists and Producers, Mr. Abdelouhab ZIANI,
  • The Director General of the National Agency for Entrepreneurship Support and Development, Mr. Bilal ACHACHA,
  • General managers of private equity companies,
  • Managers of public and private bodies and institutions, as well as experts and university professors.
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Forum on Foreign Direct Investments in Algeria

May 16th 2024

The Algerian Investment Promotion Agency, in partnership with the Delegation of the European Union to Algeria , organized on Thursday May 16th 2024, at the National Housing Bank, a forum on Foreign Direct Investments in Algeria under the title “Exploring New Investments and Nearshoring Opportunities in Algeria”

This forum, which falls within the framework of the project ” EU – Algeria partnership for sustainable investment”, was an opportunity for exchange between various actors, from the public and private sectors, on the business and investment climate in Algeria, the role of Foreign Direct Investments, including European ones, in economic development and diversification as well as opportunities for European-Algerian cooperation in the field of investment.

In this context, the participants discussed, in particular, the situation of Algeria in the new international context with regard to Foreign Direct Investments and the opportunities for shortening European supply chains, which could benefit the Algerian economy, as well as the prospects for Algerian-European Economic Integration and expansion towards the African continent.

The opening of this forum was supervised by the Minister of Industry and Pharmaceutical Production, commissioned by the Prime Minister, and attended by:

  • The President of the National Economic, Social and Environmental Council,
  • Mrs. Rabia KHARFI,
  • The Head of Cabinet of European Commission Vice-President, Mr. Dombrovskis, responsible for trade and investment, Mr Michael HAGER,
  • The Ambassador of the European Union to Algeria, Mr. Thomas ECKERT,
  • The Director General of Customs, Major General Abdelhafid Bakhouche,
  • The Director General of the Algerian Investment Promotion Agency, Mr. Omar REKKACHE,
  • The President of the Algerian Economic Renewal Council, Mr. Kamal Moula,
  • General managers and State executives,
  • Experts and university professors,
  • Economic operators and managers of public and private institutions.
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The AIPA receives FOGECA’s president

May 14th 2024

The Director General of the Agency, Mr. Omar REKKACHE, received on Tuesday May 14th 2024, the President of The Forum of Operators to Guarantee Economic Emergence in Africa (FOGECA) Mr. Amadou DIAGNE, who visited Algeria in preparation for the Africa-Portugal Partnership Forum, scheduled to be held on June 13th 2024 in Porto, Portugal, where he handed over an official invitation to the Agency to participate in the activities of this forum.

This meeting was an opportunity to discuss ways of embodying partnerships between local and foreign operators from Africa.

Mr. DIAGNE also paid a visit to the one-stop shop for Major Projects and Foreign Investments, during which he exchanged talks with representatives of the departments and some investors whose presence coincided with the visit.