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.  


Public Management

ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11


Benjamin FLAUX
Tél: +41 22 301 96 11
Mob: +41 78 699 13 72


Please publish modules in offcanvas position.