Yazid Benmouhoub, general manager of the Algiers Stock Exchange, has announced the imminent establishment of a compartment dedicated to start-up funding to help the development of this type of company.

“The Algiers Stock Trading is prepared to establish a market for the exchange of shares and the financing of start-ups in accordance with the country’s new economic policy aimed at encouraging the foundation and development of such enterprises,” he said at an economic symposium in Oran (north-west).

Benmouhoub also announced that the Algiers Stock Exchange has developed a scheme to create financing instruments (bonds) that are Sharia-compliant through the Stock Exchange. “This initiative is presently being studied by the competent authorities,” he said, adding that the new goods aim to “diversify stock market services and allow a bigger number of enterprises to access.”

Read also How 3D Gamified Business Processes Will Change World

The Algiers Stock Exchange, founded in 1997, currently has only four companies listed on the main market, including the pharmaceutical group Saidal and Alliance Assurances. Only one company is listed in the SMEs division, and that is AOM Invest spa, which specialises in spa operations.

Algiers Stock Exchange startups Algiers Stock Exchange startups

Charles Rapulu Udoh

Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert. 
As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard. You can book a session and speak with him using the link: https://insightsbyexperts.com/view_expert/charles-rapulu-udoh