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Stock Market / Finance in Algiers

  • AfDB and Algeria Redefine the Foundations for Strengthened Partnership

    ALGIERS, 2016/04/28 Next his initial visit to Algeria since taking office in September 2015, the President of the African Development Bank Group (AfDB), Akinwumi Adesina, expressed his pleasure at the warmth of the welcome the Algerian authorities gave him and at the constructive dialogue throughout the two days of his visit to Algiers on April 19 and 20, 2016. During this visit's rich programme of meetings - with Prime Minister Abdelmalek Sellal, the Minister of Finance, and several members of the Government inclunding with representatives of the Algerian private sector - Adesina and the Algerian authorities established together the foundations of a strengthened partnership to promote inclusive increase in Algeria.
  • Algeria aims to energise the bourse

    ALGIERS, 2015/05/21 The Algerian stock market has launched reforms to encourage new listings and bolster its market capitalisation, although private sector representatives have pushed for better regulatory transparency. The bourse has had mixed success in recent years in its efforts to attract additional capital, with only four companies listed at present and a market capitalisation of around 0.1% of GDP. This compares to neighbouring Morocco, whose market cap is above 50% of GDP, according to a RMA Capital statement.
  • Algeria: oil prices forcing dinar down But IMF holds that currency is still overvalued

    ALGIERS, 2015/05/18 Algeria seems to have grown accustomed to a steady depreciation of the dinar, which since January has lost 10.5% of its price against the dollar and is down to 87.7 dinars per greenback. In the initial few weeks of 2014, instead, the dinar was about 78 to the dollar. The 20.4% depreciation marks a dangerous, steady decline of the currency. The uninterrupted devaluation is not a consequence of the dinar competing against benchmark currencies (dollar, euro, pound sterling); it is instead a result of the decisions made by the Algerian central bank. Valuations are adopted as part of a controlled oscillation mechanism based on parameters that have oil prices (in dollars) as the key element.
  • Algeria’s stock exchange eyes new listings

    ALGIERS, 2014/08/19 Plans to offer a 20% stake in eight of Algeria’s national-owned firms – inclunding prominent financial institutions and one of the country’s three mobile phone network operators – are expected to take a key step forward later this year, representing a significant shot in the arm to the stock exchange. The partial privatisation of government-backed companies forms part of a national drive to boost investment and listings at the Bourse d’Alger, which has remained under-developed since its launch in 1998. The exchange’s management is targeting 45 new listings over the next five years, as it looks to increase the bourse’s market capitalisation to $10bn.