Algeria

Entrepreneurship Agency Funds 6,500 Micro-Enterprises in One Year

Algiers, Algeria – The Entrepreneurship Support Agency (ESA) has reported significant progress in its efforts to bolster Algeria’s micro-enterprise sector. In the year since its revitalization, the agency has facilitated the creation of 6,500 micro-enterprises and provided training to 30,000 individuals across the country.

According to Director-General Bilal Achache, the ESA is playing a vital role in strengthening the network of micro-enterprises, which constitute approximately 97% of Algeria’s 1.3 million businesses.

Speaking on national radio, Achache highlighted the growing interest in the agency’s programs, particularly among graduates of vocational training programs. He noted that these graduates represent around 70% of project holders registered with the ESA, demonstrating the increasing importance of vocational training in fostering entrepreneurship.

The ESA aims to support the creation of 10,000 micro-enterprises annually. Achache emphasized the crucial role of industrial subcontracting, which currently accounts for 27% of the agency’s activities, as a key pathway for integrating micro-enterprises into the broader economy. The agency aspires to become a central driver of growth through localization programs and structured projects.

Furthermore, the ESA is developing a digital platform designed to serve as an open marketplace for economic data exchange and a promotional space for micro-enterprises. The platform already features over 4,562 registered businesses, with plans for further expansion.

The ESA’s initiatives are expected to contribute significantly to Algeria’s economic diversification and job creation efforts.

More Algeria articles on DZWatch

DZWatch – Your News Portal

Related Articles

Leave a Reply

Back to top button