The National Agency for Support and Development of Entrepreneurship (NASDA) signed a partnership and cooperation agreement on Tuesday in Algiers with the Algerian-Saudi Investment Company (ASICOM), aimed at strengthening financing and investment mechanisms for micro-enterprises.
The agreement was signed 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-Enterprises,” in the presence of officials from both sides.
In a press statement, Achacha confirmed that this agreement is part of the agency’s vision to transition micro-enterprises from the creation stage to the growth and expansion stage 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 system to benefit from ASICOM financing to develop their activities, adding 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 financing funds to invest in micro-enterprises funded by NASDA, opening new horizons to support their projects and providing them with tools for growth and expansion.
For his part, Salhi emphasized 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, contributing to the creation of 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, as micro-enterprises represent a fundamental lever for achieving economic diversification and creating wealth and jobs.
The “Partnership for the Development and Expansion of Micro-Enterprises” forum served as a space 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, reviewed successful experiences of micro-enterprises that achieved qualitative growth paths, and discussed ways to support enterprises during the expansion and development stages.
Participating project owners engaged in a discussion where they raised their concerns, particularly regarding financing mechanisms, and received in-depth explanations concerning the expansion of their activities and supporting their competitiveness in the markets.
Reference: link
