Algeria is actively enhancing its economic ties within Africa. On August 17, the Bank of Algeria joined the Pan-African Payments and Settlement System (PAPSS), making Algeria the 18th country on the network. This milestone will further support cross-border payments and enhance the regulatory framework for intra-African trade. The Bank of Algeria itself emphasizes that PAPSS membership is an essential lever for strengthening Algeria’s role within the African financial ecosystem and will improve payment efficiency, facilitate trade, and support sustainable development.
Looking ahead, Algeria is also preparing to host the 4th Intra-African Trade Fair (IATF) in Algiers from September 4–10. Commentators call the IATF 2025 a strategic occasion for Algeria to reaffirm its place within the African economic sphere, aiming to elevate cooperation and achieve real trade outcomes. In other words, the fair provides Algeria a unique platform to showcase its industries, strengthen continental linkages, and diversify the economy. The government is mobilizing resources to make IATF 2025 a benchmark event, a turning point in Algeria’s economic footprint across Africa.
By joining PAPSS and hosting the IATF, Algeria is cementing its role as a driving force in African trade and financial integration.
