| Discover Algeria | About us | Press area | Contact |
Organized by the Fondation algérienne de soutien à la jeunesse et au développement de l'entrepreneuriat (AFYE), the show brings together banks, insurance companies and public bodies supporting investment and entrepreneurship. It is expected to attract more than 1,600 registered visitors, including project owners wishing to discover the financing and insurance solutions available, according to the organizers.
The opening ceremony was attended by representatives of the Ministry of Finance, directors of banking and insurance institutions, and members of both chambers of parliament.
In a statement to APS, the Chairman of AFYE's Board of Directors, Walid Fenni, explained that the event aimed to "strengthen communication between project owners and financing and support companies, to simplify the process of turning projects into reality and remove bureaucratic obstacles", adding that the fair, which runs until July 31, would close with the submission of recommendations to the Ministry of Finance and the Economic Affairs, Development, Industry, Trade and Planning Committee of the National People's Assembly (APN), as part of support for reforms, particularly in the financial and digital fields.
The program includes the organization of a financial innovation hackathon, with 100 innovators selected from 300 candidates, workshops led by experts from the banking, insurance, and investment support sectors.
For his part, the show's curator, Mohamed Ali Kouadri, stressed that the event aimed to support the government's efforts to promote the banking sector, and develop the insurance and reinsurance sector, specifying that its objective was to shed light on the state of project financing and propose concrete solutions, particularly concerning the protection of banking data and the updating of financial services.
The AFYE's Director General, Mohamed Oussama Babou, has announced that his organization intends to organize future editions of the fair, plans to launch a national forum that aims to raise the rate of industrial integration, secure compliance, and boost local production.
The opening ceremony was punctuated by presentations from the heads of Algerian financial and insurance companies, highlighting the various financing and support mechanisms available to investors and project promoters.
Yazid Benmouhoub, Managing Director of the Société de gestion de la Bourse des valeurs (SGBV), emphasized that the stock exchange was ready to support start-ups, pointing out that the conditions for listing had been simplified, enabling the first start-up to go public and raise financing.