Algerian Radio
The National Entrepreneurship Support and Development Agency (NESDA) signed a partnership and cooperation agreement with the Algerian-Saudi Investment Company (ASICOM) this Tuesday in Algiers, aimed at strengthening financing and investment mechanisms for the benefit of micro-enterprises.
The agreement was signed by NESDA Director General Bilal Achacha and ASICOM Director General Mohamed Salhi on the sidelines of a conference organized by the agency on "Partnership for Development and Expanding Prospects for Micro-Enterprises," in the presence of executives from both parties.
In a statement to the press, Mr. Achacha emphasized that this agreement falls within "the agency's vision aimed at moving micro-enterprises from the creation phase to the growth and expansion phase, by offering them innovative financing tools and qualitative partnerships allowing them to strengthen their competitiveness with effective integration into the national economic fabric."
This agreement allows micro-enterprises created via the NESDA mechanism to benefit from ASICOM funding to develop their activities, he specified, adding that the selection of companies is done according to the nature, components, and needs of the project, in accordance with ASICOM's investment policy.
On this occasion, Mr. Achacha called on investment funds to invest in micro-enterprises financed by NESDA, which is likely to open new prospects for supporting their projects and equip them with tools for growth and expansion.
For his part, Mr. Salhi affirmed that the signing of this agreement "reflects ASICOM's commitment to supporting productive investment and accompanying promising micro-enterprises through the provision of adapted financing and investment solutions, thus contributing to the creation of sustainable added value and the strengthening of the national economy's dynamics."
He added that this agreement offers "ASICOM" the opportunity to exploit investment opportunities offered by project holders seeking to develop their activities with support in their expansion plans, especially since micro-enterprises constitute an essential lever for economic diversification, wealth creation, and employment.
The meeting, titled "Partnership for Development and Expanding Prospects for Micro-Enterprises," constituted a space for exchanging views and experiences between various actors regarding investment support and corporate financing.
Discussions focused notably on partnership and financing mechanisms, particularly through investment funds, reviewing successful experiences of micro-enterprises that have achieved exceptional growth paths.
Participants also debated ways and means to accompany companies in their expansion and development phase.
The project holders present led a debate during which they expressed their concerns, particularly those related to financing mechanisms. Explanations were provided regarding the expansion of their activities and the strengthening of their competitiveness in the markets.
