Cash has long reigned supreme in the Algerian marketplace. While businesses in the formal sector make use of cheques and bank transfers, most Algerians exclusively use cash for their day-to-day spending and household purchases – a status quo the government aims to change through a series of initiatives. “Algeria is working hard to reduce the...
Algeria’s capital markets offer considerable potential in light of the size of the country’s economy but have historically been fairly shallow. Few corporate stocks and bonds have traded on the market since it opened in 1998, and the last initial public offering (IPO) was in 2013. Trading has been comparatively light in recent years as...
What strategies is the banking sector employing to encourage the growth of small and medium-sized enterprises (SMEs) in Algeria?
COMPANY OVERVIEW: Alliance Assurances is a joint-stock company with an initial capital of AD500m (€4.6m). It was created in December 2004 by a group of national investors, and in 2007 it launched “Algeria Touring Assistance” in partnership with the Touring Club of Algeria.
We were expecting initial public offerings (IPOs) to be among the key priorities for the development of Algeria’s financial sector over the past year, and we have finally begun to see notable progress on that front: currently four state-owned companies are finalising the process and will likely be joined by a highly reputable private...
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