Agence Ecofin TikTok Agence Ecofin Youtube Agence WhatsApp

Finance

Algiers Stock Exchange to create a window for startups

Thursday, 01 December 2022 14:06
Algiers Stock Exchange to create a window for startups

(Ecofin Agency) - 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.  

 
Mining


 
Telecom


 
Public Management


Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

Benjamin FLAUX
bf@agenceecofin.com 
Téls: +41 22 301 96 11 
Mob: +41 78 699 13 72
Média kit : Download

EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

Please publish modules in offcanvas position.