The Loan Guarantee Fund for Small and Medium Enterprises continues to expand its services to include operating loans, by signing agreements with 15 partner banks, which are expected to be completed by the end of January. The aim is to enhance financial support for project holders. Since November, the Loan Guarantee Fund has signed agreements with three banks to include operating loans among the guarantees it provides, with the number expected to rise to 15 banks by January 2026, according to the Fund's Director General, El Hadi Tamam. These agreements set the loan ceiling at 50 million DZD with a maximum guarantee of 35 million DZD, representing a coverage rate of 70 percent, according to the same source.
Algeria - The process of expanding the powers of public administration representatives at the one-stop shops of the Algerian Investment Promotion Agency continues, through the delegation of State Property Administration representatives to prepare and sign lease contracts for economic land, as part of simplifying administrative procedures and accelerating the realization of investment projects.
Algeria - The General Directorate of Taxes announced today, Sunday, in a statement, the extension of the deadlines for subscribing and submitting a number of tax declarations for taxpayers subject to the real profit system and the single flat-rate tax system, in order to enable them to meet their tax obligations under the best conditions.
Most homes and farms are not insured against fires; farmers are the most exposed to losses due to weak subscription. New insurance products to face climate disasters, digitization, and artificial intelligence to reduce compensation times. Hassen Khalifati, a member of the board of the Algerian Union of Insurance and Reinsurance Companies, warned that the expansion of fires in Algeria, due to heat waves and climate changes, is met with a clear weakness in the demand for fire insurance, which increases the losses incurred by families, farmers, and economic institutions when disasters occur. Khalifati explained, in a statement to 'Echorouk', that there are no accurate and updated statistics to determine the percentage of homes or farms...
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