Significant changes are set to come to Algeria’s telecoms sector following the drafting of a new information and communications technology (ICT) law that would at least partly liberalise the market and lead to increased competition. The draft law has been submitted to parliament, though has yet to be confirmed. Further changes seem likely to come...
While still at an early phase of development, with few listed securities, Algeria’s capital markets are set to see a host of new listings. The exchange’s second initial public offering (IPO) of a private company took place in June 2013 (the first was in 2011), with several other firms expected to follow suit. The government is also working on a plan...
In February 2013 the IMF called on the Algerian authorities to take a number of measures to strengthen the financial system, including boosting banking intermediation and further tackling non-performing loans (NPLs) at public banks. The country benefits from a sizeable and liquid banking sector, but key indicators for activity and usage remain...
Against the backdrop of a large government homebuilding programme, state banks are stepping up the role they play in housing and real estate finance. Outside of the public housing segment, cheap long-term mortgages are available, in particular from public banks, though retail mortgages are dwarfed by state spending on housing and supply remains an...
Efforts to gradually open its economy are leading Algeria to enhance its infrastructure, with the transport sector an obvious centrepiece. Under the current five-year plan, the government has put aside $286bn for infrastructure development. These efforts are hoped to compensate for decades of underinvestment, to address the increased stress on...
Following years of public debate on the book industry’s need for a stronger regulatory framework, the government has announced far-reaching reforms affecting the importation and distribution of books across Algeria. The Council of Ministers passed a law in September 2013, mandating stronger state support for the owners of bookstores as well as a...
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