The Algerian Bank in Senegal (ABS) is planning to open a new branch in Niamey, Niger’s capital, as part of Algeria’s bold strategy to strengthen its banking footprint across Africa, the bank’s CEO Abdelhafidh Haend told dzwatch exclusively.<\/p>\n
Haend revealed that a formal accreditation request was submitted to Niger’s monetary authorities just days ago, with the branch expected to open by late 2026 or early 2027. A second branch in C\u00f4te d’Ivoire is also planned, which would transform ABS into a regional banking hub in West Africa.<\/p>\n
The expansion aligns with major agreements signed between Algeria and Niger involving Sonelgaz, Sonatrach, and Alg\u00e9rie T\u00e9l\u00e9com, opening vast cooperation horizons. ABS was founded with $100 million capital, jointly held by BNA, CPA, BEA, and BADR.<\/p>\n
Meanwhile, Aboubacar Diallo, CEO of the Algerian Union Bank in Mauritania, told dzwatch that bilateral trade between Algeria and Mauritania surged to approximately $500 million last year, reflecting growing economic momentum between the two nations.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Algerian Bank in Senegal (ABS) is planning to open a new branch in Niamey, Niger’s capital, as part of Algeria’s bold strategy to strengthen its banking footprint across Africa, the bank’s CEO Abdelhafidh Haend told dzwatch exclusively. Haend revealed that a formal accreditation request was submitted to Niger’s monetary authorities just days ago, with …<\/p>\n","protected":false},"author":1,"featured_media":60271,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"rank_math_lock_modified_date":false,"cybocfi_hide_featured_image":"","iawp_total_views":1,"footnotes":""},"categories":[50],"tags":[],"class_list":["post-60272","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economie-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/posts\/60272","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=60272"}],"version-history":[{"count":0,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/posts\/60272\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/media\/60271"}],"wp:attachment":[{"href":"https:\/\/dzwatch.dz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=60272"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=60272"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=60272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}