The private sector in Algeria has certainly gained a foothold in the last two decades, despite it still facing limitations, such as those on imports, that affect its performance. But the results of OBG’s inaugural Business Barometer: Algeria CEO Survey show CEOs to be largely positive about the state of the economy: most
notably, over two-thirds of CEOs said they were likely or very likely to make a significant capital investment, which shows a level of comfort with the rules of the game – and hopefully is also a larger bet on diversification.
After posting results of the OBG Business Barometer: CEO Surveys from countries around the world, including Mexico, the Philippines, Egypt and Saudi Arabia, being able to present the first edition on Algeria is a milestone. The country is full of opportunities and challenges, and certainly demands greater local knowledge than other markets.
OBG’s African economies have rolled out new capital market instruments and more transparent Customs procedures; they have paved the way for bigger and better-capitalised banks and the emergence of new innovative technologies; and they have made it easier for citizens to access everything from microcredit to health insurance to a well-paying job.