In conjunction with Mazars, OBG explores the taxation system in Algeria.
This chapter contains a viewpoint from Samir Hadj Ali, Chartered Accountant and Managing Partner, Mazars Algeria, on the new investment law.
Algeria Financial Services
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Chapter | Financial Services from The Report: Algeria 2017
Algeria’s banking sector has held up relatively well. Credit growth remained in positive territory through the first three quarters of 2017, albeit having slowed from the double-digit rates seen prior to 2016. Lenders are capitalised well in excess of Basel III norms, while profitability remains high, particularly among private sector banks. Internet and mobile banking are still in the early...
The collapse in oil prices has weighed on the Algerian economy, giving rise to twin deficits in the budget and current account. In mid-2016 the government introduced a bold medium-term plan that targets a balanced budget by 2020, alongside a new growth model with a strategy for economic development and diversification by 2030. These moves have coincided with the private sector playing a much stronger role in the economy.
Economic update | L’Algérie déploie son offre de finance islamique afin d’attirer les investissements et renforcer la bancarisation
31 Oct 2017
La finance islamique gagne du terrain en Algérie : les six banques publiques du pays se sont engagées à lancer des services de finance islamique d’ici la fin de l’année et le gouvernement a annoncé le lancement d’un comité de conformité charia.
Articles & Analysis | A challenging start to a promising journey from The Report: Algeria 2016
The opportunity to invest in Algeria is greater than any time before. This unprecedented historical opportunity is, as per experts’ analysis, rooted in two main reasons. The first is the economic transition that Algeria has to undergo and the second is the country’s exceptional exponential demographic growth.
Articles & Analysis | Macroeconomic challenges may allow central bank to take greater control in Algeria from The Report: Algeria 2016
If an end to the era of abundant liquidity in Algeria’s financial sector presents risks, it also has one important advantage: contracting liquidity can restore the Bank of Algeria’s (BoA) capacity to steer the economy via the classic levers of monetary policy. These tools, essentially unused during 15 years of excess liquidity, are now re-...