Algiers – The Algerian stock exchange has been called upon to play a pivotal role in supporting small and medium-sized enterprises (SMEs) and startups, as part of the country’s efforts to foster productive investment.
Speaking in Algiers on Saturday, Minister of Finance Abedelkarim Bouazra stated that Algeria is actively working towards building a modern and stable financial market. He emphasized that the stock exchange, as a key component of this market, is now expected to provide crucial support to emerging and medium-sized businesses.
“The stock exchange has a significant role to play in facilitating the growth of SMEs and startups,” said Minister Bouazra. “By providing access to capital and offering a platform for investment, the exchange can contribute significantly to the diversification of the Algerian economy and the creation of new jobs.”
The Minister’s remarks highlight the government’s commitment to creating a more dynamic and inclusive financial ecosystem. This includes reforms aimed at streamlining regulations, improving market transparency, and encouraging greater participation from both domestic and foreign investors.
The call for greater stock exchange involvement comes at a time when Algeria is seeking to reduce its reliance on hydrocarbons and promote the development of other sectors, such as technology, agriculture, and tourism. SMEs and startups are seen as vital engines of innovation and growth in these sectors, and their access to finance is critical to their success.
The government is expected to announce further measures in the coming months to support the development of the financial market and encourage greater participation from SMEs and startups.
