Algeria’s Minister Delegate to the Prime Minister in charge of micro-enterprises, Nassim Diafat, has indicated that the National Agency for the Support of Youth Employment (ANSEJ) will soon be renamed in order to be reoriented towards entrepreneurship.
“We have moved away from the social approach of ANSEJ. Today, we have a new economic approach which has prompted us to change the name of this organization into a National Agency for the support and promotion of entrepreneurship ”, he announced during the inauguration by the Minister of Industry, Ferhat Ait Ali Braham, from a FabLab of the company “ALRIM, a subsidiary of the group of metallurgical and steel industries” Imetal,
The Minister Delegate specified in this context that this agency will be focused 70% on training and 30% on funding and monitoring.
A Look At What ANSEJ Does
- Algeria’s National Agency for Youth Employment Support ( Ansej ) is the country’s organization responsible for managing a credit fund for the creation of businesses. She participates in the public employment service .
- Ansej is in charge of implementing a support system for business creation for people under 40 years of age. It manages a credit fund, granting loans at zero interest rate (0 rate loans), complementary to bank loans. Committees composed of representatives of banks and institutions grant the loans after examining the files of the promoters.
- A bank guarantee fund supplements the financing instruments. Algeria ‘s Ansej advisors provide follow-up to promoters who have obtained a loan.
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning writer