The banking industry in Algeria is characterised by a high level of stability and ample liquidity, which owe much to the country’s robust hydrocarbons revenues. Lending to the economy has been growing strongly, albeit from a low base, and while intermediation rates are low, plans to relax a government ban on consumer credit and launch a new credit registry in 2015 should...
THE COMPANY: SAIDAL Group was created in 1982, following the restructuring of the Pharmacie Centrale Algérienne. The company’s initial operations started in the factories of El Harrach, Dar El Beïda and Gué de Constantine. In 1988 SAIDAL was given the antibiotic complex designed by the Société Nationale des Industries Chimiques....
Financial inclusion offers people without access to banking and financial services the opportunity for a minimum level of access to these products. As a matter of fact, it also contributes to their integration into the economy, the promotion of growth, more inclusive development, the reduction of poverty and the reinforcement of social cohesion.
THE COMPANY: The Entreprise de Gestion Hôtelière El Aurassi (EGH El Aurassi) is a hotel management company. It comprises four hotels, the Hôtel El Aurassi Hotel, a five-star hotel in the centre of Algiers, and three others facilities located in southern Algeria: Hôtel Rym in Béni-Abbès, Hôtel El Mehri in Ouargla, and Hôtel El Boustene...
The Algerian insurance market is underdeveloped by regional standards, with penetration particularly low in the life segment; however, the sector has witnessed strong expansion in recent years. Life insurers have posted especially robust growth since early 2013, and companies are seeking to develop new niches, such as health insurance, targeted at individuals....
Having been launched a decade and a half ago, Algeria’s stock market remains modest in size, with a market capitalisation equivalent to around just 0.1% of GDP – a result in part of the country’s surplus liquidity and accessible bank lending.
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×