The Algerian stock market contributes only marginally to the economy. So far, only four companies are listed on its main market and only one on the SMEs window.
Last Wednesday, Yazid Benmouhoub, director general of the Algiers Stock Exchange, announced the upcoming launch of a window to support the development of startups.
"The Algiers Stock Exchange is fine-tuning the creation of a window dedicated to financing and trading startups’ shares per the country’s new economic policy, which is to support the establishment and development of such companies,” he said during an economic forum held in Oran (Northwest).
Mr. Benmouhoub also revealed that the Algiers Stock Exchange has elaborated a project for the issuance of Sharia-compliant bonds through the stock exchange. The “project is currently being examined by competent authorities,” he added indicating that the new projects are aimed at “diversifying the services offered by the stock exchange and allowing access for a greater number of companies.”
Currently, the Algiers Stock Exchange, which was created in 1997, only has four companies listed on its main market and only one on the SMEs window.
Botswana signs $12 billion investment agreement with Qatar’s Al Mansour Holdings Deal spans ...
Zambia and Qatar’s Al Mansour Holdings signed a $19 billion partnership in Lusaka. The...
• President Ruto projected 5.6% growth for 2025, higher than the Finance Ministry’s 5.3% and Central...
Africa surpasses 70 GW renewables, remains import-dependent. China dominates solar, batteries...
The cabinet has approved preparations for a debut USD 1.5B Eurobond before June 2026 to fund key i...
Senegal’s Q1 2025 growth is estimated at 12.1%, driven by oil production, while non-oil GDP rose by only 3.1%. Public debt was revised to...
Google launched Flight Deals, an AI feature that finds the cheapest tickets. Airfares in Africa remain among the highest globally due to heavy...
Galileo Resources launched a reverse circulation drilling campaign on license PL253. The project targets copper deposits in the Kalahari Copper...
Sonadrill signed two contracts for offshore drilling campaigns starting late 2025. Angola’s oil production dropped below 1 million b/d in July,...
The Nile River Festival is one of East Africa’s most iconic sporting events, held each year in Uganda on the mighty waters of the Nile. Hosted mainly in...
Yambi City is an annual festival that takes place every year-end in Kinshasa, driven by the Afrika Diva collective and spearheaded by activist rapper...