The National Agency for Support and Development of Entrepreneurship (NASDA) signed a partnership and cooperation agreement today, Tuesday, in Algiers with the Algerian-Saudi Investment Company (ASICOM). The agreement aims to strengthen financing and investment mechanisms for micro-enterprises. The signing was conducted by the Director General of NASDA, Bilal Achacha, and the Director General of ASICOM, Mohamed Salhi, on the sidelines of a forum organized by the agency titled “Partnership for the Development and Expansion of Micro-Enterprise Horizons,” in the presence of officials from both sides.
In a press statement, Achacha emphasized that this agreement is part of the agency’s vision to transition micro-enterprises from the creation stage to the growth and expansion stage. This is achieved by providing innovative financing tools and qualitative partnerships that enable them to enhance their competitiveness and effective integration into the national economic fabric.
He explained that this agreement allows micro-enterprises established through the NASDA mechanism to benefit from ASICOM financing to develop their activities. He added that the selection of enterprises is based on the nature of the project, its potential, and its needs, in accordance with ASICOM’s investment policy.
Achacha called on all funding funds to invest in micro-enterprises funded by NASDA, opening new horizons to support their projects and provide them with growth and expansion tools.
For his part, Salhi confirmed that the conclusion of this agreement reflects ASICOM’s commitment to supporting productive investment and accompanying promising micro-enterprises by providing appropriate financing and investment solutions. This contributes to creating sustainable added value and strengthening the dynamics of the national economy.
He added that this agreement provides an opportunity for ASICOM to utilize investment opportunities offered by project owners seeking to develop their activities and accompany them in their expansion plans, considering that micro-enterprises represent a fundamental lever for achieving economic diversification and creating wealth and jobs.
The “Partnership for the Development and Expansion of Micro-Enterprise Horizons” forum served as a platform for exchanging visions and expertise among various actors in the field of investment support and enterprise financing. The forum addressed partnership and financing mechanisms, particularly through investment funds, and reviewed successful experiences of micro-enterprises that achieved qualitative growth paths, in addition to discussing ways to support enterprises during the expansion and development phase.
Participating project owners engaged in a discussion where they raised their concerns, particularly regarding financing mechanisms. In-depth explanations were provided regarding the expansion of their activities and supporting their competitiveness in the markets.
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